In spite of plunging residential prices across much of the nation, home values in many wealthy enclaves continue to grow. There is so much demand, “well-to-do buyers can’t find good estates on the Westside,” said real estate agent David Mossler of Teles Properties, who specializes in luxury housing sales. Mossler, who represented the buyer in the sale of the unit at the Century, said, “There is no slowdown in demand for quality products.” The previous record price per-square-foot for a Los Angeles-area condo was $1,700 for a unit at Doheny Drive and Sunset Boulevard in West Hollywood, Mossler said. View Article
