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The Real Deal Los Angeles

Submarket Snapshot: Condos in Mar Vista and Palms

Condo prices averaged $683,000 in fourth quarter

March 11, 2016 05:00PM
By Hannah Miet

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The condo building at 3729 Cardiff Avenue in Palms (credit: Coldwell Banker)

The condo building at 3729 Cardiff Avenue in Palms (credit: Coldwell Banker)

There were 25 condos sold in the Mar Vista and Palms submarkets in the fourth quarter, according to a report by the Agency.

They sold for an average of $683,120 and for an average of $477 a square foot. 

The condos saw modest price cuts, selling an average of 1.7 percent below listing price.

In the beginning of 2016, there was only one condo listed in the area, for $589,900, or $551 a square foot.

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