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URBAN MYTHS

By The Numbers

July 09, 2006|SWATI PANDEY

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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