LOS ANGELES—Condominium prices increased inDowntown Los Angeles, San Francisco and Downtown Seattle in April2014 over the previous year, according to the a measure releasedthis week by The Mark Company, a leading urbanresidential marketing and sales firm.
The Mark Company Condominium Pricing Index for Aprilwas up 8% year over year in Downtown Los Angeles, 19% higher in SanFrancisco, and up 16% in Downtown Seattle.
“Low inventory and strong demand are resulting in a steadyincrease in prices in all three markets,” notes ErinKennelly, senior director of research, The Mark Company.“San Francisco and Downtown Seattle in particular have experiencedstrong gains so far this year.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
