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MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 24<br />
DOWNTOWN<br />
BARKER BLOCK<br />
510 & 530 S. HEWITT ST<br />
PROJECT INFORMATION<br />
Developer: The Kor Group<br />
Submarket: Arts District<br />
Number of Homes: 242<br />
HOA Fees: $300-$855<br />
Sales Start Date: May ’07<br />
Sales End Date: May ’11<br />
Avg. Absorption: 5.0 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 />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOFT AVGS 1 1,030 $675,000 $655 - - 5<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
LOFT AVGS 11 1,181 $743,864 $630 $736,535 $626 51<br />
SOLD<br />
- - - - - - - -<br />
- - - - - - - -<br />
DOWNTOWN<br />
LUMA<br />
1100 S. HOPE ST<br />
PROJECT INFORMATION<br />
Developer: The South Group<br />
Submarket: South Park<br />
Number of Homes: 236<br />
HOA Fees: $450-$850<br />
Sales Start Date: Jun ’05<br />
Sales End Date: Feb ’08<br />
Avg. Absorption: 7.3 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 5 798 $605,400 $766 - - 50<br />
ACTIVE<br />
2-BED AVGS 1 1,580 $1,495,000 $946 - - -<br />
3-BED AVGS 1 3,400 $4,899,000 $1,441 - - 103<br />
2-BED AVGS 2 2,265 $2,847,500 $1,215 - - 83<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 15 950 $679,890 $720 $662,867 $701 94<br />
SOLD<br />
2-BED AVGS 8 1,694 $1,477,875 $872 $1,444,125 $851 62<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
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