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.
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