• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

TRD Insights: Here is a breakdown of LA’s condo sales market in Q1, year-over-year

The Los Angeles condo sales market showed few signs of contraction in the first quarter of 2020. But a deeper look into data provided by Compass shows what had been an improving market began to slide at the end of March, as the coronavirus took hold and led to a statewide stay-at-home order.

Here is a breakdown of the L.A. condo sales market showing first-quarter and year-over-year comparisons:

Quarterly Condo Performance

Market Measure Price Point Q1-20 YoY% Q1-19 QoQ% Q4-19
LA Core Avg. Sales Price $500K+ $1,261,556 11.2% $1,134,187 5.1% $1,200,687
LA Core Avg. PPSF $500K+ $756 2.8% $736 0.4% $753
LA Core Number of Sales $500K+ 226 10.8% 204 -16.9% 272
LA Core DOM $500K+ 60 Not Applicable 62 Not Applicable 60
LA Core Avg. Sales Price $1.5M – $3M $1,908,668 -7.2% $2,055,722 -3.6% $1,980,136
LA Core Avg. PPSF $1.5M – $3M $888 -11.1% $999 -10.2% $989
LA Core Number of Sales $1.5M – $3M 34 88.9% 18 13.3% 30
LA Core DOM $1.5M – $3M 59 Not Applicable 94 Not Applicable 102
LA Core Avg. Sales Price $500K-$1M $778,006 3.4% $752,157 2.7% $757,411
LA Core Avg. PPSF $500K-$1M $682 5.5% $647 1.4% $672
LA Core Number of Sales $500K-$1M 114 -13.0% 131 -25.0% 152
LA Core DOM $500K-$1M 58 Not Applicable 53 Not Applicable 51
LA Core Avg. Sales Price $1M-$1.5M $1,195,064 -5.9% $1,270,511 -1.5% $1,213,329
LA Core Avg. PPSF $1M-$1.5M $716 -6.1% $763 -3.2% $741
LA Core Number of Sales $1M-$1.5M 69 50.0% 46 -16.9% 83
LA Core DOM $1M-$1.5M 53 Not Applicable 66 Not Applicable 62
LA Core Avg. Sales Price $3M+ $5,451,667 31.2% $4,155,000 -25.7% $7,335,714
LA Core Avg. PPSF $3M+ $1,470 7.8% $1,364 -10.6% $1,644
LA Core Number of Sales $3M+ 9 0.0% 9 28.6% 7
LA Core DOM $3M+ 138 Not Applicable 109 Not Applicable 64
Beverly Hills Avg. Sales Price $500K+ $1,462,064 0.9% $1,449,571 9.6% $1,334,593
Beverly Hills Avg. PPSF $500K+ $743 -4.6% $778 0.6% $738
Beverly Hills Number of Sales $500K+ 11 -21.4% 14 -50.0% 22
Beverly Hills DOM $500K+ 62 Not Applicable 64 Not Applicable 67
Beverly Hills Avg. Sales Price $500K-$1M $910,500 15.1% $790,857 0.0% $910,125
Beverly Hills Avg. PPSF $500K-$1M $730 13.5% $643 12.2% $651
Beverly Hills Number of Sales $500K-$1M 2 -71.4% 7 -50.0% 4
Beverly Hills DOM $500K-$1M 20 Not Applicable 43 Not Applicable 58
Beverly Hills Avg. Sales Price $1.5M-$3M $1,826,540 -10.8% $2,048,600 -1.9% $1,861,600
Beverly Hills Avg. PPSF $1.5M-$3M $789 -10.7% $883 0.6% $784
Beverly Hills Number of Sales $1.5M-$3M 5 0.0% 5 0.0% 5
Beverly Hills DOM $1.5M-$3M 68 Not Applicable 91 Not Applicable 72
Beverly Hills Avg. Sales Price $1M-$1.5M $1,282,250 -13.9% $1,490,000 1.6% $1,262,504
Beverly Hills Avg. PPSF $1M-$1.5M $673 -4.6% $706 -9.9% $747
Beverly Hills Number of Sales $1M-$1.5M 4 300.0% 1 -69.2% 13
Beverly Hills DOM $1M-$1.5M 76 Not Applicable 66 Not Applicable 68
Beverly Hills Avg. Sales Price $3M+ Not Applicable Not Applicable $3,025,000 Not Applicable Not Applicable
Beverly Hills Avg. PPSF $3M+ Not Applicable Not Applicable $1,272 Not Applicable Not Applicable
Beverly Hills Number of Sales $3M+ 0 Not Applicable 1 Not Applicable 0
Beverly Hills DOM $3M+ Not Applicable Not Applicable 70 Not Applicable Not Applicable
West Hollywood Avg. Sales Price $500K+ $1,084,446 16.6% $929,696 18.7% $913,763
West Hollywood Avg. PPSF $500K+ $775 5.7% $733 4.5% $741
West Hollywood Number of Sales $500K+ 70 12.9% 62 -11.4% 79
West Hollywood DOM $500K+ 52 Not Applicable 54 Not Applicable 59
West Hollywood Avg. Sales Price $500K-$1M $763,432 8.6% $702,704 7.0% $713,791
West Hollywood Avg. PPSF $500K-$1M $700 4.1% $673 0.0% $701
West Hollywood Number of Sales $500K-$1M 48 20.0% 40 -12.7% 55
West Hollywood DOM $500K-$1M 50 Not Applicable 44 Not Applicable 46
West Hollywood Avg. Sales Price $1.5M-$3M $2,171,500 13.3% $1,916,333 22.1% $1,778,571
West Hollywood Avg. PPSF $1.5M-$3M $1,042 -6.2% $1,110 11.3% $936
West Hollywood Number of Sales $1.5M-$3M 9 200.0% 3 28.6% 7
West Hollywood DOM $1.5M-$3M 40 Not Applicable 142 Not Applicable 97
West Hollywood Avg. Sales Price $1M-$1.5M $1,260,250 0.7% $1,251,789 4.6% $1,204,632
West Hollywood Avg. PPSF $1M-$1.5M $829 3.8% $799 4.6% $793
West Hollywood Number of Sales $1M-$1.5M 12 -36.8% 19 -29.4% 17
West Hollywood DOM $1M-$1.5M 63 Not Applicable 62 Not Applicable 86
West Hollywood Avg. Sales Price $3M+ Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
West Hollywood Avg. PPSF $3M+ Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
West Hollywood Number of Sales $3M+ 0 Not Applicable 0 Not Applicable 0
West Hollywood DOM $3M+ Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
Beverly Center-Miracle Mile Avg. Sales Price $500K+ $1,126,219 21.8% $924,619 17.4% $959,26
Beverly Center-Miracle Mile Avg. PPSF $500K+ $716 4.6% $684 1.4% $705
Beverly Center-Miracle Mile Number of Sales $500K+ 20 -4.8% 21 0.0% 20
Beverly Center-Miracle Mile DOM $500K+ 51 Not Applicable 75 Not Applicable 55
Beverly Center-Miracle Mile Avg. Sales Price $500K-$1M $843,089 3.9% $811,500 15.6% $729,545
Beverly Center-Miracle Mile Avg. PPSF $500K-$1M $664 4.5% $635 6.8% $622
Beverly Center-Miracle Mile Number of Sales $500K-$1M 10 -44.4% 18 -9.1% 11
Beverly Center-Miracle Mile DOM $500K-$1M 36 Not Applicable 64 Not Applicable 69
Beverly Center-Miracle Mile Avg. Sales Price $1.5M-$3M $1,627,500 -17.6% $1,975,000 Not Applicable Not Applicable
Beverly Center-Miracle Mile Avg. PPSF $1.5M-$3M $1,107 0.3% $1,103 Not Applicable Not Applicable
Beverly Center-Miracle Mile Number of Sales $1.5M-$3M 1 0.0% 1 Not Applicable 0
Beverly Center-Miracle Mile DOM $1.5M-$3M 126 Not Applicable 252 Not Applicable Not Applicable
Beverly Center-Miracle Mile Avg. Sales Price $3M+ Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
Beverly Center-Miracle Mile Avg. PPSF $3M+ Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
Beverly Center-Miracle Mile Number of Sales $3M+ 0 Not Applicable 0 Not Applicable 0
Beverly Center-Miracle Mile DOM $3M+ Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
Beverly Center-Miracle Mile Avg. Sales Price $1M-$1.5M $1,120,750 -20.9% $1,417,500 -9.6% $1,240,036
Beverly Center-Miracle Mile Avg. PPSF $1M-$1.5M $644 -29.5% $913 -20.2% $807
Beverly Center-Miracle Mile Number of Sales $1M-$1.5M 8 300.0% 2 -11.1% 9
Beverly Center-Miracle Mile DOM $1M-$1.5M 42 Not Applicable 89 Not Applicable 38
Sunset Strip-Hollywood Hills Avg. Sales Price $500K+ $933,462 10.9% $841,500 -20.8% $1,062,835
Sunset Strip-Hollywood Hills Avg. PPSF $500K+ $721 3.7% $696 -15.3% $821
Sunset Strip-Hollywood Hills Number of Sales $500K+ 13 -13.3% 15 -37.5% 24
Sunset Strip-Hollywood Hills DOM $500K+ 54 Not Applicable 38 Not Applicable 66
Sunset Strip-Hollywood Hills Avg. Sales Price $500K-$1M $698,778 7.5% $650,115 -5.6% $740,160
Sunset Strip-Hollywood Hills Avg. PPSF $500K-$1M $636 3.6% $614 7.3% $593
Sunset Strip-Hollywood Hills Number of Sales $500K-$1M 9 -30.8% 13 -52.6% 19
Sunset Strip-Hollywood Hills DOM $500K-$1M 62 Not Applicable 40 Not Applicable 45
Sunset Strip-Hollywood Hills Avg. Sales Price $1.5M-$3M $1,855,000 -34.8% $2,846,000 -16.4% $2,218,333
Sunset Strip-Hollywood Hills Avg. PPSF $1.5M-$3M $1,216 -28.6% $1,702 -34.4% $1,853
Sunset Strip-Hollywood Hills Number of Sales $1.5M-$3M 2 100.0% 1 -33.3% 3
Sunset Strip-Hollywood Hills DOM $1.5M-$3M 12 Not Applicable 48 Not Applicable 201
Sunset Strip-Hollywood Hills Avg. Sales Price $1M-$1.5M $1,068,000 -19.4% $1,325,000 -6.3% $1,140,000
Sunset Strip-Hollywood Hills Avg. PPSF $1M-$1.5M $609 -19.1% $753 -22.9% $790
Sunset Strip-Hollywood Hills Number of Sales $1M-$1.5M 2 100.0% 1 100.0% 1
Sunset Strip-Hollywood Hills DOM $1M-$1.5M 58 Not Applicable 0 Not Applicable 55
Sunset Strip-Hollywood Hills Avg. Sales Price $3M+ Not Applicable Not Applicable Not Applicable Not Applicable $3,650,000
Sunset Strip-Hollywood Hills Avg. PPSF $3M+ Not Applicable Not Applicable Not Applicable Not Applicable $2,083
Sunset Strip-Hollywood Hills Number of Sales $3M+ 0 Not Applicable 0 Not Applicable 1
Sunset Strip-Hollywood Hills DOM $3M+ Not Applicable Not Applicable Not Applicable Not Applicable 60
Century City-Westwood Avg. Sales Price $500K+ $1,414,807 7.2% $1,319,559 -0.4% $1,420,04
Century City-Westwood Avg. PPSF $500K+ $757 1.0% $749 -0.1% $758
Century City-Westwood Number of Sales $500K+ 112 21.7% 92 -11.8% 127
Century City-Westwood DOM $500K+ 67 Not Applicable 68 Not Applicable 60
Century City-Westwood Avg. Sales Price $500K-$1M $789,044 0.0% $789,243 -0.9% $795,863
Century City-Westwood Avg. PPSF $500K-$1M $674 5.4% $639 -1.1% $682
Century City-Westwood Number of Sales $500K-$1M 45 -15.1% 53 -28.6% 63
Century City-Westwood DOM $500K-$1M 72 Not Applicable 60 Not Applicable 54
Century City-Westwood Avg. Sales Price $1.5M-$3M $1,816,529 -10.2% $2,023,750 -12.1% $2,066,072
Century City-Westwood Avg. PPSF $1.5M-$3M $784 -15.6% $929 -13.7% $909
Century City-Westwood Number of Sales $1.5M-$3M 17 112.5% 8 13.3% 15
Century City-Westwood DOM $1.5M-$3M 68 Not Applicable 64 Not Applicable 94
Century City-Westwood Avg. Sales Price $3M+ $5,852,143 36.2% $4,296,250 -26.4% $7,950,000
Century City-Westwood Avg. PPSF $3M+ $1,536 11.6% $1,376 -2.3% $1,571
Century City-Westwood Number of Sales $3M+ 7 -12.5% 8 16.7% 6
Century City-Westwood DOM $3M+ 129 Not Applicable 114 Not Applicable 65
Century City-Westwood Avg. Sales Price $1M-$1.5M $1,188,497 -5.8% $1,261,283 -0.8% $1,198,016
Century City-Westwood Avg. PPSF $1M-$1.5M $707 -2.2% $723 0.5% $703
Century City-Westwood Number of Sales $1M-$1.5M 43 87.0% 23 0.0% 43
Century City-Westwood DOM $1M-$1.5M 51 Not Applicable 70 Not Applicable 56
Downtown Avg. Sales Price $500K+ $798,156 -13.0% $917,000 -13.5% $922,556
Downtown Avg. PPSF $500K+ $697 -7.9% $756 -2.1% $712
Downtown Number of Sales $500K+ 88 39.7% 63 22.2% 72
Downtown DOM $500K+ 73 Not Applicable 83 Not Applicable 79
Downtown Avg. Sales Price $500K-$1M $652,191 -1.1% $659,500 -2.3% $667,464
Downtown Avg. PPSF $500K-$1M $629 0.4% $627 2.0% $617
Downtown Number of Sales $500K-$1M 72 38.5% 52 30.9% 55
Downtown DOM $500K-$1M 64 Not Applicable 86 Not Applicable 86
Downtown Avg. Sales Price $1.5M-$3M $1,805,000 -17.0% $2,175,000 -7.0% $1,940,900
Downtown Avg. PPSF $1.5M-$3M $1,183 -0.6% $1,191 49.0% $794
Downtown Number of Sales $1.5M-$3M 5 66.7% 3 0.0% 5
Downtown DOM $1.5M-$3M 226 Not Applicable 40 Not Applicable 90
Downtown Avg. Sales Price $1M-$1.5M $1,121,300 -4.5% $1,174,167 -7.1% $1,207,636
Downtown Avg. PPSF $1M-$1.5M $694 -9.8% $770 -9.5% $767
Downtown Number of Sales $1M-$1.5M 10 66.7% 6 -9.1% 11
Downtown DOM $1M-$1.5M 86 Not Applicable 61 Not Applicable 40
Downtown Avg. Sales Price $3M+ $3,042,000 -38.6% $4,953,500 -54.8% $6,725,000
Downtown Avg. PPSF $3M+ $1,284 -5.2% $1,353 -18.3% $1,571
Downtown Number of Sales $3M+ 1 -50.0% 2 0.0% 1
Downtown DOM $3M+ 115 Not Applicable 158 Not Applicable 64

Annual Condo Performance

Market Measure Price Point 2018 YoY% 2017 YoY% 2016
LA Core Avg. Sales Price $500K+ $1,134,248 2.7% $1,104,696 2.8% $1,074,322
LA Core Avg. PPSF $500K+ $726 8.1% $672 5.8% $635
LA Core Number of Sales $500K+ 1,033 -11.9% 1,172 4.3% 1,124
LA Core DOM $500K+ 48 Not Applicable 62 Not Applicable 86
Beverly Hills Avg. Sales Price $500K+ $1,451,005 -2.6% $1,489,801 1.6% $1,465,676
Beverly Hills Avg. PPSF $500K+ $765 -4.0% $797 6.9% $746
Beverly Hills Number of Sales $500K+ 83 -8.8% 91 -27.8% 126
Beverly Hills DOM $500K+ 64 Not Applicable 49 Not Applicable 65
West Hollywood Avg. Sales Price $500K+ $912,120 0.8% $904,713 6.3% $851,011
West Hollywood Avg. PPSF $500K+ $747 1.4% $737 9.3% $674
West Hollywood Number of Sales $500K+ 310 -1.6% 315 -11.5% 356
West Hollywood DOM $500K+ 53 Not Applicable 43 Not Applicable 59
Beverly Center-Miracle Mile Avg. Sales Price $500K+ $911,368 0.1% $910,234 15.8% $786,243
Beverly Center-Miracle Mile Avg. PPSF $500K+ $670 -0.4% $672 9.8% $612
Beverly Center-Miracle Mile Number of Sales $500K+ 101 27.8% 79 -19.4% 98
Beverly Center-Miracle Mile DOM $500K+ 57 Not Applicable 40 Not Applicable 54
Sunset Strip-Hollywood Hills Avg. Sales Price $500K+ $1,496,149 70.4% $878,113 -15.0% $1,032,685
Sunset Strip-Hollywood Hills Avg. PPSF $500K+ $814 20.0% $679 -0.6% $683
Sunset Strip-Hollywood Hills Number of Sales $500K+ 84 3.7% 81 -6.9% 87
Sunset Strip-Hollywood Hills DOM $500K+ 52 Not Applicable 50 Not Applicable 68
Century City-Westwood Avg. Sales Price $500K+ $1,335,299 2.5% $1,302,111 2.7% $1,267,669
Century City-Westwood Avg. PPSF $500K+ $735 1.6% $723 9.3% $662
Century City-Westwood Number of Sales $500K+ 457 -2.1% 467 -7.5% 505
Century City-Westwood DOM $500K+ 55 Not Applicable 52 Not Applicable 65
Downtown Avg. Sales Price $500K+ $895,649 2.3% $875,778 -7.4% $945,740
Downtown Avg. PPSF $500K+ $724 -3.4% $749 -9.8% $831
Downtown Number of Sales $500K+ 278 -21.0% 352 -37.9% 567
Downtown DOM $500K+ 79 Not Applicable 59 Not Applicable 78

The post TRD Insights: Here is a breakdown of LA’s condo sales market in Q1, year-over-year appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 30 April 2020
  • The Real Deal
  • Uncategorized
  •  Like
Real estate is waking up to pandemic insurance. But is it too late? →← Past the pandemic: Rockefeller family pitches global luxury development projects
  • Recent Posts

    • LA County greenlights self-certification for Altadena rebuilding May 8, 2025
    • Irvine Company aims to transform golf course into village of 3K homes May 8, 2025
    • Former LA police commissioner, prominent attorney to list Bel-Air estate for $24M May 8, 2025
    • Movers: Gambino Group nabs LA, NY agents May 8, 2025
    • Sacramento investor lists 270K sf DTLA office park leasehold May 8, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM