SAN FRANCISCO—New condominium prices remained mostly steady in San Francisco, Downtown Los Angeles and Downtown Seattle in August 2014 over the previous month, according to the Condominium Pricing Index released this week by The Mark Company, a leading urban residential marketing and sales firm.
The Mark Company's index for August was up 1% month over month in San Francisco, unchanged in Downtown Los Angeles from the previous month, and down 3% in Downtown Seattle from July 2014.
“Price appreciation of new condominiums in the San Francisco, Downtown Los Angeles and Downtown Seattle markets have flattened out over the past several months, as is typical for the second half of the year,” noted Erin Kennelly, senior director of research, The Mark Company.
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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.
