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Elliman Report: Los Angeles 3Q 2016

The Westside and Downtown Los Angeles housing market continued to see rising prices, higher sales and more inventory. Median sales price increased 5.3% to $1,000,000 from the year ago quarter. This was the third consecutive quarter this metric was at or above the $1 million threshold and it’s 17th consecutive quarter with a year over year increase. Average sales price increased 7.1% to $1,506,388 and price per square foot showed a similar rising trend from the prior year period…

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Housing Notes by Jonathan Miller

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