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Elliman Report: Los Angeles 2Q 2016

Housing prices in Westside and Downtown Los Angeles moved higher, pulling more inventory onto the market. Average price per square foot for single family and condo sales rose 3.9% to $774 and a new record for the 12 years of this data series. Average sales price increased 5.9% and median sales price rose 7.7% respectively from the prior year quarter. Price trends in the luxury market, representing the top 10% of sales, did not keep up with the overall market…

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