Downtown Los Angeles Condo Market Half Yearly Report June 2012

How is the Downtown Los Angeles condo market doing this year?  Let’s see, and compare it to the same period of 2011.

Sold:  140 – 3 less than the same period last year.
Median price:  $305,500 – a 1.83% increase over the same period last year.
Low price: $107,500
High price:  $3,700,000 at 900 W. Olympic, The Ritz Carlton

Active:  89
Under Contract:  162

Like almost everywhere in Los Angeles, the Downtown L.A. condo market is a sellers’ market.  We need new inventory.

Condos for sale in Downtown Los Angeles