Condo/Townhouse Sales Data for June
23 more units were sold compared to last month with Mar Vista, Westchester and Westwood showing the most improvement over the previous month. The average loss from OLP for all areas combined was only 5.92%. This is further evidence the market is an even playing field as the difference between OLP and sales price was around 10% this time last year. Though sales were up over last month they are still off by 65% in comparison to 2005. For some perspective, Westwood had the most sales with 32 this month…in June 2007, Westwood had 95 sales!
By John Skinner
