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MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 23<br />
DOWNTOWN<br />
EVO<br />
1155 S. GRAND AVE<br />
PROJECT INFORMATION<br />
Developer: Westport Capital Partners<br />
Submarket: South Park<br />
Number of Homes: 311<br />
HOA Fees: $480-$875<br />
Sales Start Date: Jul ’06<br />
Sales End Date: May ’15<br />
Avg. Absorption: 2.9 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 5 1,078 $758,600 $700 - - 62<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
STUDIO AVGS 1 1,090 $650,000 $596 $642,500 $589 109<br />
SOLD<br />
1-BED AVGS 15 1,055 $697,527 $673 $683,700 $658 67<br />
2-BED AVGS 7 1,896 $1,455,571 $756 $1,401,714 $728 58<br />
DOWNTOWN<br />
MARKET LOFTS<br />
645 W. 9TH ST<br />
PROJECT INFORMATION<br />
Developer: Lee Homes / CIM Group<br />
Submarket: South Park<br />
Number of Homes: 261<br />
HOA Fees: $480-$700<br />
Sales Start Date: Oct ’05<br />
Sales End Date: Nov ’09<br />
Avg. Absorption: 5.2 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 2 660 $471,500 $714 - - 44<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 1 1,099 $699,000 $636 - - 4<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
STUDIO AVGS 1 720 $435,000 $604 $430,000 $597 140<br />
SOLD<br />
1-BED AVGS 7 854 $545,428 $638 $543,571 $638 53<br />
2-BED AVGS 7 1,236 $740,857 $606 $730,714 $597 105<br />
LOS ANGELES MARKET REPORT, MAY 2016
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