855 Croft Avenue, Los Angeles, CA 90069

In the current market it's strange to see price increases in new developments!

The MLS listings for two units at 855 N Croft Avenue, Los Angeles (adjacent to West Hollywood) have been updated to increase prices by as much as $100,000 a unit.

Penthouse #1 was increased from $1,495,000 to $1,575,000. The unit measures 2044 sq ft, so this price increase takes the rate per square foot from $731 to $770 - an increase of over 5%.

Penthouse #3 was increased from $1,295,000 to $1,395,000. The unit measures 1837 sq ft, so this price increase takes the rate per square foot from $704 to $759 - an increase of almost 8%.

At the time of writing this blog no units in the recently launched complex are in escrow - so I'm still trying to understand this move by the Developer & Listing Agents.

 
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5 Comments on 855 N Croft Avenue - An Update - No Sales Yet, So Why The Price Increases?

APR
08
2010
174,297 Points 4 Featured Posts Called Shot Master

Stewart,  Curious developement....Hope it works for them!
10:28am • #1
725,530 Points 63 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Stewart... I have seen this happen before and have always wondered about it, but never got curious enough to call and ask.  I'll be curious to know if you find out.
11:33pm • #2
APR
10
2010
458,367 Points 27 Featured Posts Outside Blog Called Shot Master

These units were already listed well above current market prices so I'm really confused by this move.
10:39am • #3

Stewart,

Maybe the owners are reading different newspapers than you and I.
6:19pm • #4
458,367 Points 27 Featured Posts Outside Blog Called Shot Master

Terry - Maybe those newspapers are from 2005 / 2006 ..... or 2015?
11:12pm • #5

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Stewart Penn - DRE# 01339266

West Hollywood, CA

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