The Real Deal Los Angeles

Submarket Snapshot: Condos in Bel Air and Holmby Hills

Only one condo sold in the fourth quarter

Bel AirIn Bel Air and Holmby Hills, home to sprawling mansions and gated estates, there are never many condos on the market. 

Last quarter, only one sold, according to a report by the Agency. It traded for $600,000 or $400 a square foot. The buyer got 4 percent more than the listing price.

At the start of 2016, only one condo was on the market in the area. It was listed for $624,950, or $500 a square foot.