Median condo prices were caught slipping the past couple of quarters but the Los Angeles luxury market is bucking that trend. A deal reported this week at the Maybourne Beverly Hills illustrates the point. Unit 8E at 225 North Canon Drive traded in early October for $27 million, or $4,762 per square foot. That’s a big price tag even given the property’s provenance–it sits squarely in the Golden Triangle of Beverly Hills–draws buyers with bold-face, and was known as the Montage until Qatar-backed Maybourne Hotel Group paid $415 million for it in 2019. The four-bed, six-bath condo that recently sold […]
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