Submarket Snapshot: Condos in Mar Vista and Palms

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.