BY THE NUMBERS
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Downtown’s revival has been linked to an upsurge in condo conversions.
Here’s a look at Southern California’s
real estate hot spot-within-a-hot spot.
--SWATI PANDEY
Total apartments, condos and affordable housing units downtown: 18,942
Number of existing condos: 2,812
Number of those condos completed by the end of 1998: 829
Number now under construction or permitted: 5,589
Number sold and/or in escrow from 2000 to the second quarter of 2006: 1,353
Average selling price in 2000: $209,257
Average selling price in the second quarter of 2006: $515,938
Average cost per square foot in 2000: $188.12
Average cost per square foot in the second quarter of
2006: $559.74
**
Source: Downtown Center Business Improvement District
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