The Real Deal Los Angeles

Submarket Snapshot: Condos in Playa Vista in Q1 2016

Sales volume of luxury units increased in first quarter

June 14, 2016 05:00PM
By Hannah Miet

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Marlowe Playa Vista

One of the properties in Brookfield Residential’s recently-opened Marlowe development in Playa Vista (credit: Eric Figge)

In Playa Vista, 26 condos sold in the first quarter for more than $500,000, up from 18 in the fourth quarter of 2015, according to a report by the Agency.

The units sold for an average of $1.1 million, roughly in line with the previous quarter’s figure. The average per-square-foot price was $661, up from $644 in the previous quarter.

As of April 2016, there were 10 luxury units listed for an average of $962,500, and $656 a square foot.