Condos

605 Ninth Street - Oakland

Announcing 605 Ninth Street, Oakland!

Situated in on the border of the much desired Jack London Square and Old Oakland neighborhoods is 605 Ninth Street. This luxury high rise consists of 25 one to two bedroom units stretched amongst 8 floors with retail at the primary level. There is parking for every unit and our developers are expected to break ground before the end of the year.

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We have been given the green light to pre-sale up to 6 units at a 10-15% discount right now. Pricing starting at $500,000 for a 1 Bedroom Unit. These can be owner-occupied or used as rental/income property. For more information talk to your favorite METIS agent today.

Los Angeles: First Quarter Condo Heat Map

We crunched the numbers this week, and bring you the heat map for first quarter Condo & Co-Op sales volume in Los Angeles. The market enjoyed some sizable improvements this past quarter – with 26 areas of growth, 14 areas of decline, and 11 areas with insufficient data. The top five hottest areas this quarter are:

  1. Silver Lake – Echo Park (17 more listings sold, 278% increase) – The home of the world-famous man-made lake, Silver Lake – Echo Park was the shining star of the first quarter, more than tripling the amount of listings sold (8 in Q1-2016 to 25 in Q1-2017).

  2. Metropolitan South (2 more listings sold, 260% increase) – The southern neighbor of DTLA caught a break this past quarter, but keep in mind that it went from 1 listing sold in Q-2016 to 3 listings sold in Q1-2017.
     
  3. Park Hills Heights (17 more listings sold, 203% increase) – Park Hills Heights made a drastic quantitative growth, climbing to 29 listings sold in Q1-2017 versus 12 listings sold in Q1-2016.
     
  4. Ladera Heights (1 more listing sold, 128% increase) – Ladera Heights broke into the top 5 as well, but is another area with very few listings sold, growing from 1 listing sold in Q1-2016 to 2 listings sold in Q1-2017.
     
  5. Sunset Strip – Hollywood Hills West (3 more listings sold, 113% increase) – The tourist hotspot has persisted in selling a decent number of condos & co-ops, growing from 28 listings sold in Q1-2016 to 31 listings sold in Q2-2017.

Contact our Luis Rhee, VP of METIS Los Angeles for additional details.

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