The Real Deal Los Angeles

Submarket Snapshot: Condos in Bel Air and Holmby Hills

Only one condo sold in the fourth quarter
By Hannah Miet | April 01, 2016 05:00PM

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.