Go west for condo heat: Sales up 22%, trades average $1.4M from Palisades to DTLA

The Los Angeles residential market saw mixed signals this week, with fewer luxury contracts and lower asking volume for single-family homes, but signs of a comeback in the condominium sphere. Condo sales in Los Angeles have rebounded, according to research from the Compass Development Marketing Group, which shows increased sales volume quarter over quarter and year over year.  Pulling data from more than 20 L.A. neighborhoods from Pacific Palisades all the way to downtown, the Compass team recorded a 22 percent jump in condo sales in the second quarter compared to the first, as well as an 8 percent increase […]

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