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Elliman Report: Los Angeles Sales 3Q 2015

The third quarter Westside and Downtown Los Angeles housing market saw record prices, elevated sales activity, faster marketing times and less negotiability than the year before. Median sales price rose 8.1% to $950,000, the highest level reached since at least 2004, and the 12th consecutive year-over-year increase. However average sales price slipped 2.8% to $1,406,910 over the same period, reflective of weakness of the largest sized categories in both the single family and condo markets…

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