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TRD Insights: Here is a breakdown of LA’s condo sales market in Q1, year-over-year
A Compass first-quarter report details a slowdown in overall activity as the coronavirus took hold
The Los Angeles condo sales market showed few signs of contraction in the first quarter of 2020. But a deeper look into data provided by Compass shows what had been an improving market began to slide at the end of March, as the coronavirus took hold and led to a statewide stay-at-home order.
Here is a breakdown of the L.A. condo sales market showing first-quarter and year-over-year comparisons:
Quarterly Condo Performance
| NAME | The Charles | PRICE RANGE | From $6,5803,500 to $9,882,000 |
| ADDRESS | 1355 First Avenue | SIZE RANGE | From 3,137 Sq Ft to 3,455 Sq Ft |
| TYPE | New Building | AVG PPSF | $2,513 |
| TOTAL UNITS | 30 | TAX ABATEMENT | Yes |
| DEVELOPER | Bluerock Real Estate | AVG COMMON CHARGE | $0.95/sf |
| BROKER | Town New Development Marketing and Sales | FINISHED BY | 2014 |
Annual Condo Performance
| NAME | Lexington Hill Condominiums | PRICE RANGE | From $698,00 to $1,114,350 |
| ADDRESS | 1635 Lexington Avenue | SIZE RANGE | From 739 Sq Ft to 1,152 Sq Ft |
| TYPE | New Building | AVG PPSF | $919 |
| TOTAL UNITS | 42 | TAX ABATEMENT | Yes |
| DEVELOPER | SUNSUN Development Group | AVG COMMON CHARGE | $0.41/sf |
| BROKER | Citadel Property Managment | FINISHED BY | Complete |