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.
About Lynn and Mark Rogo
Respected throughout the brokerage community for their honesty, integrity & strong work ethic, Mark & Lynn Mirisch Rogo are proud to offer the highest caliber of personal service that delivers results. Mark brings to his career extensive knowledge & experience in finance, business management & real estate investments that give him a definite edge in today’s competitive marketplace. As a lifelong resident of Beverly Hills & Westwood, Lynn has widespread knowledge of the marketplace, giving her a definite edge in helping buyers & sellers achieve their goals.