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® #: 24-351655
- 1116 Chantilly Rd
- Los Angeles CA
- $29,995,000
- 10 Bed | 16 Bath | 18,500 SqFt
- 0.69 Acres
- MLS® #: 22-213107
- 1100 Bel Air Rd
- Los Angeles CA
- $29,995,000
- Bed | 0 Bath | 0 SqFt
- 4.58 Acres
- MLS® #: 23-301225
- 9669 Oak Pass Rd
- Beverly Hills CA
- $29,950,000
- 8 Bed | 13 Bath | 16,900 SqFt
- 2 Acres
- MLS® #: 24-375983
- 1055 Stradella Rd
- Los Angeles CA
- $29,950,000
- 6 Bed | 11 Bath | 13,600 SqFt
- 0.61 Acres
- MLS® #: 23-334665
- 31555 Pacific Coast Hwy
- Malibu CA
- $29,900,000
- 7 Bed | 13 Bath | 12,000 SqFt
- 7.13 Acres
- MLS® #: 23-302193
- 111 N Mapleton Dr
- Los Angeles CA
- $29,900,000
- 7 Bed | 13 Bath | 14,259 SqFt
- 1.32 Acres
- MLS® #: 24-381351
- 30601 Morning View Dr
- Malibu CA
- $29,800,000
- Bed | 0 Bath | 0 SqFt
- 5.35 Acres
- MLS® #: 24-376657
- 9705 Oak Pass Rd
- Beverly Hills CA
- $29,500,000
- 7 Bed | 9 Bath | 8,829 SqFt
- 0.58 Acres
- MLS® #: 24-351529
- 5900 Bonsall Dr
- Malibu CA
- $29,500,000
- 5 Bed | 6 Bath | 7,200 SqFt
- 4 Acres
- MLS® #: 24-391115
- 5287 Round Meadow Rd
- Hidden Hills CA
- $28,998,000
- 7 Bed | 11 Bath | 16,329 SqFt
- 1.2 Acres
- MLS® #: 24-363095
- 545 Chalette Dr
- Beverly Hills CA
- $28,950,000
- 6 Bed | 8 Bath | 10,274 SqFt
- 0.46 Acres
- MLS® #: 24-345587
- 1200 Club View Dr 22
- Los Angeles CA
- $28,950,000
- 4 Bed | 7 Bath | 7,976 SqFt
- 0.57 Acres
- MLS® #: 23-339263
- 9463 Sunset Blvd
- Beverly Hills CA
- $28,900,000
- 5 Bed | 6 Bath | 7,029 SqFt
- 1.6 Acres
- MLS® #: 24-371965
- 25365 Prado De La Felicidad
- Calabasas CA
- $28,750,000
- 7 Bed | 10 Bath | 16,850 SqFt
- 1.11 Acres
- MLS® #: 23-329165
- 6889 Dume Dr
- Malibu CA
- $28,500,000
- 6 Bed | 8 Bath | 8,500 SqFt
- 2.14 Acres
- MLS® #: 24-388413
- 783 Bel Air Rd
- Los Angeles CA
- $27,950,000
- Bed | 0 Bath | 0 SqFt
- 1.41 Acres
- MLS® #: 23-292717
- 1940 Bel Air Rd
- Los Angeles CA
- $27,900,000
- 8 Bed | 15 Bath | 17,013 SqFt
- 0.59 Acres
- MLS® #: 24-388675
- 13187 Chalon Rd
- Los Angeles CA
- $27,688,000
- 7 Bed | 9 Bath | 14,000 SqFt
- 1.31 Acres
- MLS® #: 23-292983
- 788 Tortuoso Way
- Bel Air CA
- $27,000,000
- Bed | 0 Bath | 0 SqFt
- 2.97 Acres
- MLS® #: 22-181525
- 9000 W 3rd St Penthouse
- Los Angeles CA
- $27,000,000
- 0 Bed | 0 Bath | 12,700 SqFt
- 1.29 Acres
- MLS® #: 23-327461
- 14330 W Sunset Blvd
- Pacific Palisades CA
- $26,995,000
- 7 Bed | 13 Bath | 15,100 SqFt
- 1 Acres
- MLS® #: 24-386149
- 141 N Bentley Ave
- Los Angeles CA
- $26,995,000
- 7 Bed | 10 Bath | 9,040 SqFt
- 0.68 Acres
- MLS® #: 23-342069
- 1375 N Doheny Dr
- Los Angeles CA
- $26,995,000
- 5 Bed | 9 Bath | 10,613 SqFt
- 0.4 Acres
- MLS® #: 24-369809
- 362 Copa De Oro Rd
- Los Angeles CA
- $26,985,000
- 6 Bed | 9 Bath | 11,664 SqFt
- 1.81 Acres
- MLS® #: 24-380263
- 4750 Encino Ave
- Encino CA
- $26,500,000
- 12 Bed | 13 Bath | 0 SqFt
- 1.48 Acres
- MLS® #: 24-375613
- 499 Halvern Dr
- Los Angeles CA
- $26,000,000
- 8 Bed | 16 Bath | 12,800 SqFt
- 0.86 Acres
- MLS® #: 24-356053
- 3314 Serra Rd
- Malibu CA
- $26,000,000
- 6 Bed | 9 Bath | 11,358 SqFt
- 3.93 Acres
- MLS® #: 24-368931
- 11865 Ellice St
- Malibu CA
- $25,995,000
- 6 Bed | 9 Bath | 14,429 SqFt
- 2.48 Acres
- MLS® #: AR23230008MR
- 3035 San Gabriel BLVD
- ROSEMEAD CA
- $25,888,000
- Bed | 0 Bath | 0 SqFt
- 5 Acres
- MLS® #: 24-365237
- 9694 Oak Pass Rd
- Beverly Hills CA
- $25,000,000
- 7 Bed | 12 Bath | 13,962 SqFt
- 1.7 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.