Los Angeles’ luxury inventory is creeping up. Demand is a different story.

The supply-demand imbalance, reflected in the latest Eklund Weekly Luxury Report Los Angeles, offers signs of a possible slide to a buyer’s market with 114 new listings added to Los Angeles County’s inventory last week with an average absorption of 11.5 months. That compares with 84 listings in the prior week and absorption of just under 10 months.  

Last week’s top condo contract is a unit at the Blair House in Century City, with an ask of just under $5 million.

Westside Estate Agency’s Mark Gruskin and Amber Abbitt have the listing.

The condo wasn’t sitting on the market long, going into contract eight days after the seller, a trust, placed the home on the market, according to property records and listing sites. 

Unit 2202 at 10490 Wilshire Boulevard is about 3,500 square feet with three beds and four baths. It includes a primary suite with a walk-in closet and soaking tub. Other features of the home include a gourmet kitchen, wraparound balconies, dedicated entrance for service staff and open floor plan.

Blair House residents have access to a swimming pool and spa, tennis court, library, conference room and wine lockers among other amenities.

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