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

TRD LOS ANGELES TRD INSIGHTS /
Apr.April 30, 2020 11:30 AM

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

MarketMeasurePrice PointQ1-20YoY%Q1-19QoQ%Q4-19
LA CoreAvg. Sales Price$500K+$1,261,55611.2%$1,134,1875.1%$1,200,687
LA CoreAvg. PPSF$500K+$7562.8%$7360.4%$753
LA CoreNumber of Sales$500K+22610.8%204-16.9%272
LA CoreDOM$500K+60Not Applicable62Not Applicable60
LA CoreAvg. Sales Price$1.5M - $3M$1,908,668-7.2%$2,055,722-3.6%$1,980,136
LA CoreAvg. PPSF$1.5M - $3M$888-11.1%$999-10.2%$989
LA CoreNumber of Sales$1.5M - $3M3488.9%1813.3%30
LA CoreDOM$1.5M - $3M59Not Applicable94Not Applicable102
LA CoreAvg. Sales Price$500K-$1M$778,0063.4%$752,1572.7%$757,411
LA CoreAvg. PPSF$500K-$1M$6825.5%$6471.4%$672
LA CoreNumber of Sales$500K-$1M114-13.0%131-25.0%152
LA CoreDOM$500K-$1M58Not Applicable53Not Applicable51
LA CoreAvg. Sales Price$1M-$1.5M$1,195,064-5.9%$1,270,511-1.5%$1,213,329
LA CoreAvg. PPSF$1M-$1.5M$716-6.1%$763-3.2%$741
LA CoreNumber of Sales$1M-$1.5M6950.0%46-16.9%83
LA CoreDOM$1M-$1.5M53Not Applicable66Not Applicable62
LA CoreAvg. Sales Price$3M+$5,451,66731.2%$4,155,000-25.7%$7,335,714
LA CoreAvg. PPSF$3M+$1,4707.8%$1,364-10.6%$1,644
LA CoreNumber of Sales$3M+90.0%928.6%7
LA CoreDOM$3M+138Not Applicable109Not Applicable64
Beverly HillsAvg. Sales Price$500K+$1,462,0640.9%$1,449,5719.6%$1,334,593
Beverly HillsAvg. PPSF$500K+$743-4.6%$7780.6%$738
Beverly HillsNumber of Sales$500K+11-21.4%14-50.0%22
Beverly HillsDOM$500K+62Not Applicable64Not Applicable67
Beverly HillsAvg. Sales Price$500K-$1M$910,50015.1%$790,8570.0%$910,125
Beverly HillsAvg. PPSF$500K-$1M$73013.5%$64312.2%$651
Beverly HillsNumber of Sales$500K-$1M2-71.4%7-50.0%4
Beverly HillsDOM$500K-$1M20Not Applicable43Not Applicable58
Beverly HillsAvg. Sales Price$1.5M-$3M$1,826,540-10.8%$2,048,600-1.9%$1,861,600
Beverly HillsAvg. PPSF$1.5M-$3M$789-10.7%$8830.6%$784
Beverly HillsNumber of Sales$1.5M-$3M50.0%50.0%5
Beverly HillsDOM$1.5M-$3M68Not Applicable91Not Applicable72
Beverly HillsAvg. Sales Price$1M-$1.5M$1,282,250-13.9%$1,490,0001.6%$1,262,504
Beverly HillsAvg. PPSF$1M-$1.5M$673-4.6%$706-9.9%$747
Beverly HillsNumber of Sales$1M-$1.5M4300.0%1-69.2%13
Beverly HillsDOM$1M-$1.5M76Not Applicable66Not Applicable68
Beverly HillsAvg. Sales Price$3M+Not ApplicableNot Applicable$3,025,000Not ApplicableNot Applicable
Beverly HillsAvg. PPSF$3M+Not ApplicableNot Applicable$1,272Not ApplicableNot Applicable
Beverly HillsNumber of Sales$3M+0Not Applicable1Not Applicable0
Beverly HillsDOM$3M+Not ApplicableNot Applicable70Not ApplicableNot Applicable
West HollywoodAvg. Sales Price$500K+$1,084,44616.6%$929,69618.7%$913,763
West HollywoodAvg. PPSF$500K+$7755.7%$7334.5%$741
West HollywoodNumber of Sales$500K+7012.9%62-11.4%79
West HollywoodDOM$500K+52Not Applicable54Not Applicable59
West HollywoodAvg. Sales Price$500K-$1M$763,4328.6%$702,7047.0%$713,791
West HollywoodAvg. PPSF$500K-$1M$7004.1%$6730.0%$701
West HollywoodNumber of Sales$500K-$1M4820.0%40-12.7%55
West HollywoodDOM$500K-$1M50Not Applicable44Not Applicable46
West HollywoodAvg. Sales Price$1.5M-$3M$2,171,50013.3%$1,916,33322.1%$1,778,571
West HollywoodAvg. PPSF$1.5M-$3M$1,042-6.2%$1,11011.3%$936
West HollywoodNumber of Sales$1.5M-$3M9200.0%328.6%7
West HollywoodDOM$1.5M-$3M40Not Applicable142Not Applicable97
West HollywoodAvg. Sales Price$1M-$1.5M$1,260,2500.7%$1,251,7894.6%$1,204,632
West HollywoodAvg. PPSF$1M-$1.5M$8293.8%$7994.6%$793
West HollywoodNumber of Sales$1M-$1.5M12-36.8%19-29.4%17
West HollywoodDOM$1M-$1.5M63Not Applicable62Not Applicable86
West HollywoodAvg. Sales Price$3M+Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
West HollywoodAvg. PPSF$3M+Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
West HollywoodNumber of Sales$3M+0Not Applicable0Not Applicable0
West HollywoodDOM$3M+Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
Beverly Center-Miracle MileAvg. Sales Price$500K+$1,126,21921.8%$924,61917.4%$959,26
Beverly Center-Miracle MileAvg. PPSF$500K+$7164.6%$6841.4%$705
Beverly Center-Miracle MileNumber of Sales$500K+20-4.8%210.0%20
Beverly Center-Miracle MileDOM$500K+51Not Applicable75Not Applicable55
Beverly Center-Miracle MileAvg. Sales Price$500K-$1M$843,0893.9%$811,50015.6%$729,545
Beverly Center-Miracle MileAvg. PPSF$500K-$1M$6644.5%$6356.8%$622
Beverly Center-Miracle MileNumber of Sales$500K-$1M10-44.4%18-9.1%11
Beverly Center-Miracle MileDOM$500K-$1M36Not Applicable64Not Applicable69
Beverly Center-Miracle MileAvg. Sales Price$1.5M-$3M$1,627,500-17.6%$1,975,000Not ApplicableNot Applicable
Beverly Center-Miracle MileAvg. PPSF$1.5M-$3M$1,1070.3%$1,103Not ApplicableNot Applicable
Beverly Center-Miracle MileNumber of Sales$1.5M-$3M10.0%1Not Applicable0
Beverly Center-Miracle MileDOM$1.5M-$3M126Not Applicable252Not ApplicableNot Applicable
Beverly Center-Miracle MileAvg. Sales Price$3M+Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
Beverly Center-Miracle MileAvg. PPSF$3M+Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
Beverly Center-Miracle MileNumber of Sales$3M+0Not Applicable0Not Applicable0
Beverly Center-Miracle MileDOM$3M+Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
Beverly Center-Miracle MileAvg. Sales Price$1M-$1.5M$1,120,750-20.9%$1,417,500-9.6%$1,240,036
Beverly Center-Miracle MileAvg. PPSF$1M-$1.5M$644-29.5%$913-20.2%$807
Beverly Center-Miracle MileNumber of Sales$1M-$1.5M8300.0%2-11.1%9
Beverly Center-Miracle MileDOM$1M-$1.5M42Not Applicable89Not Applicable38
Sunset Strip-Hollywood HillsAvg. Sales Price$500K+$933,46210.9%$841,500-20.8%$1,062,835
Sunset Strip-Hollywood HillsAvg. PPSF$500K+$7213.7%$696-15.3%$821
Sunset Strip-Hollywood HillsNumber of Sales$500K+13-13.3%15-37.5%24
Sunset Strip-Hollywood HillsDOM$500K+54Not Applicable38Not Applicable66
Sunset Strip-Hollywood HillsAvg. Sales Price$500K-$1M$698,7787.5%$650,115-5.6%$740,160
Sunset Strip-Hollywood HillsAvg. PPSF$500K-$1M$6363.6%$6147.3%$593
Sunset Strip-Hollywood HillsNumber of Sales$500K-$1M9-30.8%13-52.6%19
Sunset Strip-Hollywood HillsDOM$500K-$1M62Not Applicable40Not Applicable45
Sunset Strip-Hollywood HillsAvg. Sales Price$1.5M-$3M$1,855,000-34.8%$2,846,000-16.4%$2,218,333
Sunset Strip-Hollywood HillsAvg. PPSF$1.5M-$3M$1,216-28.6%$1,702-34.4%$1,853
Sunset Strip-Hollywood HillsNumber of Sales$1.5M-$3M2100.0%1-33.3%3
Sunset Strip-Hollywood HillsDOM$1.5M-$3M12Not Applicable48Not Applicable201
Sunset Strip-Hollywood HillsAvg. Sales Price$1M-$1.5M$1,068,000-19.4%$1,325,000-6.3%$1,140,000
Sunset Strip-Hollywood HillsAvg. PPSF$1M-$1.5M$609-19.1%$753-22.9%$790
Sunset Strip-Hollywood HillsNumber of Sales$1M-$1.5M2100.0%1100.0%1
Sunset Strip-Hollywood HillsDOM$1M-$1.5M58Not Applicable0Not Applicable55
Sunset Strip-Hollywood HillsAvg. Sales Price$3M+Not ApplicableNot ApplicableNot ApplicableNot Applicable$3,650,000
Sunset Strip-Hollywood HillsAvg. PPSF$3M+Not ApplicableNot ApplicableNot ApplicableNot Applicable$2,083
Sunset Strip-Hollywood HillsNumber of Sales$3M+0Not Applicable0Not Applicable1
Sunset Strip-Hollywood HillsDOM$3M+Not ApplicableNot ApplicableNot ApplicableNot Applicable60
Century City-WestwoodAvg. Sales Price$500K+$1,414,8077.2%$1,319,559-0.4%$1,420,04
Century City-WestwoodAvg. PPSF$500K+$7571.0%$749-0.1%$758
Century City-WestwoodNumber of Sales$500K+11221.7%92-11.8%127
Century City-WestwoodDOM$500K+67Not Applicable68Not Applicable60
Century City-WestwoodAvg. Sales Price$500K-$1M$789,0440.0%$789,243-0.9%$795,863
Century City-WestwoodAvg. PPSF$500K-$1M$6745.4%$639-1.1%$682
Century City-WestwoodNumber of Sales$500K-$1M45-15.1%53-28.6%63
Century City-WestwoodDOM$500K-$1M72Not Applicable60Not Applicable54
Century City-WestwoodAvg. Sales Price$1.5M-$3M$1,816,529-10.2%$2,023,750-12.1%$2,066,072
Century City-WestwoodAvg. PPSF$1.5M-$3M$784-15.6%$929-13.7%$909
Century City-WestwoodNumber of Sales$1.5M-$3M17112.5%813.3%15
Century City-WestwoodDOM$1.5M-$3M68Not Applicable64Not Applicable94
Century City-WestwoodAvg. Sales Price$3M+$5,852,14336.2%$4,296,250-26.4%$7,950,000
Century City-WestwoodAvg. PPSF$3M+$1,53611.6%$1,376-2.3%$1,571
Century City-WestwoodNumber of Sales$3M+7-12.5%816.7%6
Century City-WestwoodDOM$3M+129Not Applicable114Not Applicable65
Century City-WestwoodAvg. Sales Price$1M-$1.5M$1,188,497-5.8%$1,261,283-0.8%$1,198,016
Century City-WestwoodAvg. PPSF$1M-$1.5M$707-2.2%$7230.5%$703
Century City-WestwoodNumber of Sales$1M-$1.5M4387.0%230.0%43
Century City-WestwoodDOM$1M-$1.5M51Not Applicable70Not Applicable56
DowntownAvg. Sales Price$500K+$798,156-13.0%$917,000-13.5%$922,556
DowntownAvg. PPSF$500K+$697-7.9%$756-2.1%$712
DowntownNumber of Sales$500K+8839.7%6322.2%72
DowntownDOM$500K+73Not Applicable83Not Applicable79
DowntownAvg. Sales Price$500K-$1M$652,191-1.1%$659,500-2.3%$667,464
DowntownAvg. PPSF$500K-$1M$6290.4%$6272.0%$617
DowntownNumber of Sales$500K-$1M7238.5%5230.9%55
DowntownDOM$500K-$1M64Not Applicable86Not Applicable86
DowntownAvg. Sales Price$1.5M-$3M$1,805,000-17.0%$2,175,000-7.0%$1,940,900
DowntownAvg. PPSF$1.5M-$3M$1,183-0.6%$1,19149.0%$794
DowntownNumber of Sales$1.5M-$3M566.7%30.0%5
DowntownDOM$1.5M-$3M226Not Applicable40Not Applicable90
DowntownAvg. Sales Price$1M-$1.5M$1,121,300-4.5%$1,174,167-7.1%$1,207,636
DowntownAvg. PPSF$1M-$1.5M$694-9.8%$770-9.5%$767
DowntownNumber of Sales$1M-$1.5M1066.7%6-9.1%11
DowntownDOM$1M-$1.5M86Not Applicable61Not Applicable40
DowntownAvg. Sales Price$3M+$3,042,000-38.6%$4,953,500-54.8%$6,725,000
DowntownAvg. PPSF$3M+$1,284-5.2%$1,353-18.3%$1,571
DowntownNumber of Sales$3M+1-50.0%20.0%1
DowntownDOM$3M+115Not Applicable158Not Applicable64

Annual Condo Performance

MarketMeasurePrice Point2018YoY%2017YoY%2016
LA CoreAvg. Sales Price$500K+$1,134,2482.7%$1,104,6962.8%$1,074,322
LA CoreAvg. PPSF$500K+$7268.1%$6725.8%$635
LA CoreNumber of Sales$500K+1,033-11.9%1,1724.3%1,124
LA CoreDOM$500K+48Not Applicable62Not Applicable86
Beverly HillsAvg. Sales Price$500K+$1,451,005-2.6%$1,489,8011.6%$1,465,676
Beverly HillsAvg. PPSF$500K+$765-4.0%$7976.9%$746
Beverly HillsNumber of Sales$500K+83-8.8%91-27.8%126
Beverly HillsDOM$500K+64Not Applicable49Not Applicable65
West HollywoodAvg. Sales Price$500K+$912,1200.8%$904,7136.3%$851,011
West HollywoodAvg. PPSF$500K+$7471.4%$7379.3%$674
West HollywoodNumber of Sales$500K+310-1.6%315-11.5%356
West HollywoodDOM$500K+53Not Applicable43Not Applicable59
Beverly Center-Miracle MileAvg. Sales Price$500K+$911,3680.1%$910,23415.8%$786,243
Beverly Center-Miracle MileAvg. PPSF$500K+$670-0.4%$6729.8%$612
Beverly Center-Miracle MileNumber of Sales$500K+10127.8%79-19.4%98
Beverly Center-Miracle MileDOM$500K+57Not Applicable40Not Applicable54
Sunset Strip-Hollywood HillsAvg. Sales Price$500K+$1,496,14970.4%$878,113-15.0%$1,032,685
Sunset Strip-Hollywood HillsAvg. PPSF$500K+$81420.0%$679-0.6%$683
Sunset Strip-Hollywood HillsNumber of Sales$500K+843.7%81-6.9%87
Sunset Strip-Hollywood HillsDOM$500K+52Not Applicable50Not Applicable68
Century City-WestwoodAvg. Sales Price$500K+$1,335,2992.5%$1,302,1112.7%$1,267,669
Century City-WestwoodAvg. PPSF$500K+$7351.6%$7239.3%$662
Century City-WestwoodNumber of Sales$500K+457-2.1%467-7.5%505
Century City-WestwoodDOM$500K+55Not Applicable52Not Applicable65
DowntownAvg. Sales Price$500K+$895,6492.3%$875,778-7.4%$945,740
DowntownAvg. PPSF$500K+$724-3.4%$749-9.8%$831
DowntownNumber of Sales$500K+278-21.0%352-37.9%567
DowntownDOM$500K+79Not Applicable59Not Applicable78


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