The last week in November is an important one in real estate, particularly in the luxury high rise condo market. It’s just before the Holidays when everything grinds to a halt, and can indicate if any Pent-up demand will explode in January with new inventory. The past seven days saw only two properties come on the market; a two 2+2 in the Grand facing Wilshire in the “06” stack, and a gorgeous (but over priced) unit in The Remington. It’s priced at $2,975,000 for 3,000 in a 2+2.5BA unit facing Wilshire on a high floor. That’s $963/sq ft versus the $815/sq ft it is averaging this year so far. Do the math. The Grand offers more value at $748,000 for 1,722 sq ft on the 11th floor. Like I said, do the math.
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.