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Luxury Entices L.A. Buyers | Variety

Condos are back in a big way in Los Angeles. Overall buyer demand, low interest rates and the continued lack of single-family home listings have pushed condominium prices to record levels. According to Douglas Elliman’s
third quarter 2021 report, the number of condo sales in Los Angeles reached their second-highest total on record in 2021. And September saw a 13.9% year-over-year condo price increase in the L.A. metro area, per the California Assn. of Realtors’ sales data.

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