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Elliman Report: Los Angeles 1Q 2016

The Westside and Downtown Los Angeles housing market continued to experience record prices. Average sales price, average price per square foot and median sales price were at their highest levels since at least 2004 when this data series began. Median sales price exceeded the $1 million threshold for the first time, rising 17.6% to a record $1,035,000 from the prior year quarter. Average sales price increased 14% to a record $1,581,607 over the same period…

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