Submarket Snapshot: Condos in Mar Vista and Palms

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. 

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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.