![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/08\/pendry-kitchen.jpeg\")
<\/a>Photo:\u00a0Justin Coit<\/a><\/em><\/p>\nLos Angeles\u2019 luxury real estate market is showing no signs of slowing down. Multi-million dollar home sales increased by <\/span>over 100 percent annually<\/span><\/a> during the second quarter of 2021, fuelled by rising inventory and growing optimism.\u00a0<\/span><\/p>\n Two recent luxury condo sales suggest that perhaps the market has yet to reach its peak, with both transactions exceeding Los Angeles\u2019 price per square foot record. A 2,681-square-foot condominium at Pendry Residences West Hollywood<\/a> sold for $13 million, reaping $4,849 per square foot \u2014 $900 more than the previously-held record.<\/p>\n A slightly more spacious unit that closed\u00a0last week\u00a0sold for $13.3 million and fetched just under $4,500 per square foot. While pending sales of single-family homes in Los Angeles have moderated in recent months, new signed contracts for condos \u201chave been rising annually every month since last August,\u201d according to Jonathan Miller, president and CEO of Miller Samuel Inc.<\/p>\n Rising\u00a0ten stories along the Sunset Strip, Pendry Residences West Hollywood was built in tandem with Pendry West Hollywood, a five-star hotel with two Wolfgang Puck restaurants, a social club, live music venue, full-service spa and rooftop pool.<\/p>\n Each of the 40 custom-designed homes includes semi-private elevator access, open living spaces, high-end finishes and sprawling open-air terraces of up to 3,400 square feet. Select outdoor spaces are equipped with fire pits, pools, hot tubs and outdoor kitchens.<\/p>\n Resident-only amenities within Pendry Residences West Hollywood include a rooftop pool deck, wine tasting room, garden deck, private fitness center, board room, and a lounge with an honor bar. Residents are also given free rein of the hotel\u2019s extensive wellness and entertainment offerings, and are able to reserve a table at the rooftop restaurant or hit up the bowling alley at The Britley Social Club.<\/p>\n The $500 million mixed-use development by <\/span>AECOM Capital<\/span><\/a> and <\/span>Combined Properties<\/span><\/a> opened this spring, and is now move-in ready with residential sales from $3,250,000, according to <\/span>BuzzBuzzhome data<\/span><\/a>.<\/span><\/p>\n A 2,681-square-foot condominium at Pendry Residences West Hollywood sold for $13 million, reaping $4,849 per square foot \u2014 $900 more than the previously-held record.<\/p>\n","protected":false},"author":12,"featured_media":219035,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"2021-08-04T00:40:50Z","apple_news_api_id":"51b9d751-21cd-4bbb-b718-227a6d949209","apple_news_api_modified_at":"2021-08-04T17:45:20Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAg==","apple_news_api_share_url":"https:\/\/apple.news\/AUbnXUSHNS7u3GCJ6bZSSCQ","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"middle","apple_news_slug":"","apple_news_sections":["https:\/\/u48r14.digitalhub.com\/sections\/09b86915-7d2b-3acd-915b-b215002d01b7"],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11269],"tags":[],"coauthors":[8647],"apple_news_notices":[],"yoast_head":"\n<\/a>Photo:\u00a0Justin Coit<\/a><\/em><\/p>\n<\/a>Photo:\u00a0Christian Horan<\/a><\/em><\/p>\n<\/a>Photo:\u00a0Justin Coit<\/a><\/em><\/p>\n<\/a>Photo:\u00a0Ye Rin Mok<\/a><\/em><\/p>\n