Let’s take a look at how Downtown Los Angeles condos fared over the past year.
For the purposes of this report I have broken the price ranges down to under $500K, $500K to $1 Million, and the over $1 Million bracket. The largest movement is in the under $under 500K category.
Market absorption indicates the amount of time it will take to sell the existing inventory on the market. Six months is a balanced market; under six months a sellers’ market; over six months a buyers’ market.
Downtown Los Angeles Condos under $500,000 are a hot commodity, and definitely a strong sellers’ market, indicated by the low inventory.
91 of the past year’s sales were studios, which are extremely popular and hard to find, especially in good condition. 34 of these were short sales or foreclosures.
Out of the remaining 275 condos sold over the past year, 71 were either a foreclosure or short sales.
The median price has declined slightly over the previous 12 months, but the sold to list price has increased.
Only two sales in this category were either a short sale or foreclosure.
The media price has increased, as has the sold price to list price.
With a little over six months’ worth of inventory, the $500K to $1M Los Angeles Downtown condos price range is fairly stable, leaning slightly towards buyers.
The over $1 Million Downtown Los Angeles condo market is basically based on two buildings, the Ritz Carlton Residences at L.A. Live, and EVO, and sales in this price range are slow, with over two years’ worth of inventory.
Search Condos for Sale in Downtown Los Angeles
- MLS® #: 24-379209
- 10250 W Sunset Blvd
- Los Angeles CA
- $55,000,000
- 14 Bed | 25 Bath | 30,000 SqFt
- 2.81 Acres
- MLS® #: 24-351991
- 27910 Pacific Coast Highway
- Malibu CA
- $54,950,000
- 4 Bed | 7 Bath | 5,154 SqFt
- 2.28 Acres
- MLS® #: 23-247789
- 1 W Century Dr PH39
- Los Angeles CA
- $50,000,000
- 3 Bed | 7 Bath | 9,420 SqFt
- 3.7 Acres
- MLS® #: 24-343205
- 677 N Nimes Rd
- Los Angeles CA
- $49,990,000
- 6 Bed | 11 Bath | 20,000 SqFt
- 0.74 Acres
- MLS® #: 24-350901
- 1601 Casale Rd
- Pacific Palisades CA
- $49,950,000
- 7 Bed | 11 Bath | 13,653 SqFt
- 0.64 Acres
- MLS® #: 24-363047
- 10066 Cielo Dr
- Beverly Hills CA
- $49,500,000
- 9 Bed | 18 Bath | 21,000 SqFt
- 3.6 Acres
- MLS® #: 24-376571
- 28808 Cliffside Dr
- Malibu CA
- $48,500,000
- 6 Bed | 9 Bath | 11,154 SqFt
- 1.05 Acres
- MLS® #: 23-339325
- 51 Beverly Park Way
- Beverly Hills CA
- $48,500,000
- 9 Bed | 13 Bath | 16,225 SqFt
- 1.98 Acres
- MLS® #: 24-371639
- 15210 Antelo Pl
- Los Angeles CA
- $48,000,000
- 7 Bed | 15 Bath | 15,042 SqFt
- 3.22 Acres
- MLS® #: 23-305721
- 28034 Sea Lane Dr
- Malibu CA
- $47,500,000
- 3 Bed | 4 Bath | 5,507 SqFt
- 0.72 Acres
- MLS® #: 24-343009
- 38 Beverly Park Cir
- Beverly Hills CA
- $47,500,000
- 5 Bed | 11 Bath | 17,365 SqFt
- 2.83 Acres
- MLS® #: 23-292985
- 780 Tortuoso Way
- Bel Air CA
- $47,000,000
- Bed | 0 Bath | 0 SqFt
- 4.56 Acres
- MLS® #: 23-305277
- 470 Layton Way
- Los Angeles CA
- $47,000,000
- 8 Bed | 10 Bath | 25,000 SqFt
- 4.56 Acres
- MLS® #: 24-344501
- 320 St Pierre Rd
- Los Angeles CA
- $46,000,000
- 8 Bed | 11 Bath | 0 SqFt
- 0.95 Acres
- MLS® #: 23-329849
- 1625 Summitridge Dr
- Beverly Hills CA
- $45,950,000
- 7 Bed | 11 Bath | 19,000 SqFt
- 0.79 Acres
- MLS® #: 23-326547
- 615 N Faring Rd
- Los Angeles CA
- $45,000,000
- 6 Bed | 12 Bath | 17,661 SqFt
- 0.69 Acres
- MLS® #: 23-237593
- 1006 N Crescent Dr
- Beverly Hills CA
- $45,000,000
- 10 Bed | 9 Bath | 8,484 SqFt
- 1.26 Acres
- MLS® #: 24-370407
- 0 Copa De Oro Rd
- Los Angeles CA
- $44,970,000
- 6 Bed | 10 Bath | 11,664 SqFt
- 1.81 Acres
- MLS® #: 23-337281
- 1500 Gilcrest Dr
- Beverly Hills CA
- $44,950,000
- 5 Bed | 9 Bath | 11,000 SqFt
- 0.78 Acres
- MLS® #: 22-185169
- 277 ST PIERRE RD
- LOS ANGELES CA
- $44,950,000
- 8 Bed | 20 Bath | 36,000 SqFt
- 1.1 Acres
- MLS® #: 24-376095
- 811 N Foothill Rd
- Beverly Hills CA
- $44,500,000
- 7 Bed | 14 Bath | 0 SqFt
- 0.63 Acres
- MLS® #: 24-351101
- 1680 N Doheny Dr
- Los Angeles CA
- $43,000,000
- 5 Bed | 8 Bath | 13,500 SqFt
- 1.17 Acres
- MLS® #: 23-274217
- 33602 Pacific Coast Hwy
- Malibu CA
- $42,500,000
- 6 Bed | 8 Bath | 6,451 SqFt
- 0.7 Acres
- MLS® #: 23-321839
- 9501 Gloaming Dr
- Beverly Hills CA
- $40,000,000
- 6 Bed | 6 Bath | 6,377 SqFt
- 7.71 Acres
- MLS® #: 24-367921
- 23812 Malibu Rd
- Malibu CA
- $39,995,000
- 6 Bed | 8 Bath | 4,551 SqFt
- 0.25 Acres
- MLS® #: 24-374909
- 24824 Pacific Coast Hwy
- Malibu CA
- $39,975,000
- 8 Bed | 11 Bath | 6,742 SqFt
- 1.55 Acres
- MLS® #: 23-239105
- 1380 Mockingbird
- Los Angeles CA
- $39,950,000
- 6 Bed | 11 Bath | 14,000 SqFt
- 1.54 Acres
- MLS® #: 23-237947
- 755 Sarbonne Rd
- Los Angeles CA
- $39,900,000
- 6 Bed | 10 Bath | 15,000 SqFt
- 1.04 Acres
- MLS® #: 23-330497
- 530 S Mapleton Dr
- Los Angeles CA
- $39,750,000
- 11 Bed | 27 Bath | 33,652 SqFt
- 1.29 Acres
- MLS® #: 23-325215
- 24834 Pacific Coast Hwy
- Malibu CA
- $39,500,000
- 5 Bed | 8 Bath | 10,000 SqFt
- 1.22 Acres
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).
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Jane, This is a wonderful report for your Downtown Los Angeles area. You certainly are my go-to LA agent for my clients and have never let me down! Your clients are very fortunate to have you sharing your knowledge along the way.
Thank you very much, Debe. I appreciate it very much.