Condo/Townhome Sales for February
Like Single family homes, sales have increased over last year by more than 12% but still well off sales numbers in 2007 and 2005. Westwood had the highest number of sales with 26 total. Santa Monica sales dropped by about 50% compared to last month with the difference in original list price to sales price about 6%.
There was one sale in particular that stood out like a sore thumb. 2214 Century Hill, a 3 bed/6 bath, 3,652 sq. ft. condo originally listed at 2.9M and sold for $1.6M, constituting a 45% drop.
The majority of Westside units sold for around 9% less than original asking price.
*click on picture to enlarge
By John Skinner
