The third quarter Westside and Downtown Los
Angeles housing market saw record prices,
elevated sales activity, faster marketing times
and less negotiability than the year before.
Median sales price rose 8.1% to $950,000,
the highest level reached since at least 2004,
and the 12th consecutive year-over-year
increase. However average sales price slipped
2.8% to $1,406,910 over the same period,
reflective of weakness of the largest sized
categories in both the single family and condo