August is normally a quiet month, and this month is no exception. Only two properties have closed escrow thus far, with 98 listed for sale up and down the Corridor, ranging from unit #405 in the Wilshire Holmby for $305,000 to the Two Penthouses at The Remington for $19M. (Not bad if you don’t mind paying $6,934 in monthly H Dues!). The two units closing were #702 in The Westholme for $410,000 and #1404 in The Remington for $2,512,000 ($857/sq ft), which is a solid number for a back-end unit, compared to the YTD Avg of $829/sq ft this year and $695/sq ft last year. Interestingly enough, for the same first 23 days of August in 2009, there were EXACTLY the same number of condos for sale, and eight sold in this period.
