Q3-2016 Market Climate Map: Median Sale Prices for Condos & Co-Ops

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An Atwater Village home

The numbers are in, and it looks like Atwater Village is the new and happening place to be! Yup, according to 2016’s third quarter condo/co-op median sales price statistics, this small, Griffith Park-adjacent neighborhood is a top choice for condo/co-op buyers this year–and they’re willing to pay  a whopping 120% more than they did last year for real estate in the area.

This marks even more growth for the already booming Atwater, which also saw the third biggest increase in single family home sales volume this quarter–an incredible 83%.

Another area that experienced major growth? Bel Air – Holmby Hills, which saw a 77% median sales price increase from this time last year.

Malibu isn’t far behind in third place, having experienced a 72% increase in the median price of their condos and co-ops.

Trailing in a distant fourth and fifth are South Inglewood and Westchester (38% and 36%, respectively).

Not all neighborhoods experienced an increase. In certain areas, the median sales price of condos and co-ops actually decreased from 2015 to 2016. Venice, for example, saw their numbers decrease a surprising 12% since Q3 last year–so if you’re planning a move to the Westside, now might be your time to strike.

For the full stats, check out our latest heat map:

q3_2016_cc_median_latimes

 

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