Condos Downtown Los Angeles Best Deals are in December – Save More than $11,000


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Condos Downtown Los Angeles Best Deals are in December
Save More than $11,000


Real estate prices are lower on average during the winter holiday season because fewer buyers are shopping for a home.  Those who spend a few December days shopping for a loft may find they have $11,000 more to spend on Christmas gifts.  Currently active Downtown loft and condo listings have already dropped from an average original price of $701,638 to an average price of $690,529 according the The MLS statistics.  The lowest price on an amazing Downtown loft today is $279,000 for 610 sq ft (pictured) with a view of City Hall — nice deal!  Need something even cheaper? A starter co-op 610 sq ft condo unit today is only $90,000 for 610 sq ft near USC and Downtown.

The busy season for Downtown real estate starts at the beginning of January.  Because most Downtown buyers are not moving with kids, the busy season starts early, getting off to a big start every January.  Those who choose to wait until the 2015 new year will be joining the crowd with a much greater chance of losing the perfect loft to another buyer at a higher price.  Those who get out of their comfort zones to buy in December may easily come out ahead $11,000 in the deal.

Here is the current market status for active loft and condo listings in Downtown:

$90,000 for 610 sq ft by USC and Downtown
$90,000 for 610 sq ft by USC and Downtown

Property Type Count: 106
Avg SF: 1,164
Avg LP/SF $: 575.87
Avg DOM-CDOM: 81/47
Avg Orig Price $: 701,638
Avg Price $: 690,529

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Copyright © 2014 This free information provided courtesy Corey Chambers, Realtor, Keller Williams Realty, BRE#01889449 We are not necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 478-0499 or visit Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

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