Blog_Q2Report

After a strong start to the year in Q1, Q2 finished with steady market performance across many of the city’s prime markets for single-family residences. Condos continue to see strong advancements in value as the market awaits an influx of new development by year’s end. 

The second quarter was highlighted by The Agency’s impressive performance in the 2016 REAL Trends, Inc. and The Wall Street Journal ranking of the Top 1,000 Real Estate Professionals, with 13 of our agents ranked among the best in the nation.  

In the report’s Neighborhood Spotlight, a quarterly series that highlights a special Los Angeles submarket, we visit Playa Vista; a burgeoning Westside community seeing explosive surges in condominium demand. The area is booming with tech giants moving in and mixed-use real estate developments in the pipeline.

To read the full Q2 report, click here. The report analyzes all single-family home sales over $1,000,000 and condominium sales over $500,000 in the prime neighborhoods of Los Angeles—stretching from Downtown to Santa Monica and Malibu and roughly from the 1-10 Freeway to Mulholland Drive.

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The Research & Development Team is a part of The Agency Development Group. Collectively, they are advising on the most important new development projects on the West Coast. For information regarding market intelligence, please contact Cameron Selmer – Analyst, New Development – at 424.231.2412 or CSelmer@TheAgencyRE.com.