Los Angeles Condo Prices Continue to Trend Upwards

West Coast condominium prices were up in December, with sale prices in San Francisco, Los Angeles and Seattle all rising at a double digit clip. The rise shows how the nexus of urban living, the booming technology sector and an influx of foreign buyers has condo demand outpacing supply.

 According to the Mark Company, a real-estate marketing and sales firm that specializes in urban areas, San Francisco condo prices increased 18% year-over-year in December, to $1,034 per square foot. Condo prices in downtown Los Angeles also rose 18%, to $634 per square foot.

Seattle was up 15% to $687 per square foot. San Francisco, especially, has seen prices rocket back from the lows of the real estate bust. “Three years ago the average price was in the mid-7s to maybe 8s per square foot. Now it’s pretty hard to find any new building under $1,000 a square foot,” said Alan Mark, the Mark Company’s founder.

Read more at the Los Angeles Condo Blog

Koning Eizenberg New Project in the Santa Monica and La Brea Area of Los Angeles | Rem Koolhaas and his Rotterdam-based firm OMA to Development New Mixed Use Development in Santa Monica - Click This Link 

Koning Eizenberg New Project in the Santa Monica and La Brea Area of Los Angeles 

Los Angeles Real Estate and Condos

 Two residential towers over retail spaces form green-screened public courtyards and anchor this proposal for the City of West Hollywood’s gateway from the east.

This project is developed by Koning Eizenberg - And will go up in the Santa Monica and La Brea Area of Los Angeles