The Real Deal Los Angeles

Submarket Snapshot: Homes on the Sunset Strip in Q1 2016

81 homes sold for more than $1M

May 09, 2016 05:05PM
By Hannah Miet

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The Sunset Strip in West Hollywood

The Sunset Strip in West Hollywood

There were 81 homes that sold on the Sunset Strip for more than $1 million in the first quarter, according to a report by the Agency. 

Sales volume was flat when compared with the same period last year, but pricing increased. The average price for a luxury home over $1 million rose 18.6 percent to $3.36 million.

The average price per square foot rose 15.2 percent to $1,096.