Downtown Los Angeles Real Estate Market

The real estate market in Downtown Los Angeles has changed over the past year. While many agents report a slowdown in the number of buyers due to higher prices, sales volume by dollar amount is up by 25% year over year.

Vibrant Alta Lofts at night
Vibrant Alta Lofts at night

Here are the Downtown numbers for the 6 month period ending April 5, 2015:

# of Listings 206 206
Average Days on Market 69 69
Median Days on Market 49 49
Low Price $ $119,000 $120,000
Median Price $ $562,000 $550,000
High Price $ $3,550,000 $3,450,000
Average Price Total $ $658,138 $642,304
*Avg. Price w/ Sq.Ft. $ $658,138 $642,304
*Average Sq. Ft. 1,139 1,139
*Avg. Price/Sq.Ft. $ $563.06 $550.88
*Median Price/Sq.Ft.$ $568 $564
***Avg. Price w/ LSZ $ $647,902 $632,339
***Average LSZ 60,667.02 60,667.02
***Median LSZ 39,304 42,554
***Avg. Price/LSZ $ $20.01 $19.56
Avg. SP/Avg. LP 97.59%
Avg. SP/Avg. OLP 96.00%
Total Volume $135,576,449 $132,314,755

Los Angeles And Westside Stats At A Glance
Year-Over-Year

Median home prices increased by 13.8% year-over-year to $1,080,000 from $949,000.
The average home sales price rose by 1.7% year-over-year to $1,689,770 from $1,661,780.
Home sales rose by 5.2% year-over-year to 542 from 515.
Active listings rose 50.6% year-over-year to 7,654 from 5,083.
Sales price vs. list price ratio rose by 1.8% year-over-year to 100.5% from 98.7%.
The average days on market rose by 0.2% year-over-year to 55 from 55.
Compared To Last Month

Median home prices slipped by 9.6% to $1,080,000 from $1,195,000.
The average home sales price rose by 2.3% to $1,689,770 from $1,651,060.
Home sales up by 34.5% to 542 from 403.
Active listings increased 6.0% to 7,654 from 7,224.
Sales price vs. list price ratio increased by 1.1% to 100.5% from 99.4%.
The average days on market dropped by 5.8% to 55 from 59.

Here is the Los Angeles MLS market report on pdf:

la-market-report-150405 03_08_15_LA_Times_Article

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Copyright © 2015 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, 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 LAcondoInfo.com  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.

Downtown Los Angeles Lofts and Condos New Listings This Week

JUST LISTED DOWNTOWN LA FOR SALE
Week of April 4, 2015
lofts-downtown-los-angeles841

4125 S FIGUEROA ST  #214  LOS ANGELES, CA 90037 $99,900 Active 15-892537 New Listing
  • Area:  (42) Downtown L.A.
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  1
  • Bathrooms:  1.00 (1 0 0 0 )
  • HOD:  $427.00
  • Building/Living Area:  600/OT
  • Land Type: Fee
Rooms: DiningEquipment:  Ceiling Fan
Remarks:  2nd floor spacious 1 bedroom 1 bath with hardwood floors, updated kitchen. 1920s courtyard building. HOA dues of $427.00 includes property taxes & ins, water, gas, trash and maintenance. Gated parking. Gym, on-site laundry, and an overnight security guard. Convenient location close to public transpositions, near USC, museum, minutes to downtown and other L A attractions. Building is CO-OP.
256 South La Fayette Park Place #113  #113  Los Angeles, CA 90057 $265,000 Active SR15068939CN New Listing
  • Area:  (42) Downtown L.A.
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  1
  • Bathrooms:  1.00 (1 0 0 0 )
  • HOD:  $0.00
  • Building/Living Area:  601/PR
  • Land Type: Fee
Rooms: Patio EnclosedEquipment:
Remarks:  Korea town location close to everything. Very quiet building with one bedroom and a private balconey on the back. Building was a COOP before but a few years ago they were converted to Condos. Unit needs a little love and attention but your buyers can make it a home.
420 S San Pedro ST  #515  LOS ANGELES, CA 90013 $300,000 Active WS15070067MR New Listing
  • Area:  (42) Downtown L.A.
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  0
  • Bathrooms:  1.00 (1 0 0 0 )
  • HOD:  $444.00
  • Building/Living Area:  700
  • Land Type: Fee
Rooms: Equipment:
Remarks:  Gorgeous studio located in Downtown Los Angeles! Features an awesome kitchen, walk-in closet, bonus storage space, hardwood floors throughout, stainless steel appliances, washer and dryer, large windows, and a lovely community pool and gym. There are 25 guest parking spaces available. 24-hour security on-site. Located near Little Tokyo and restaurants. Ideal for those who just loves the city life! It’s the best priced unit in downtown! Hurry, it won’t last!
421 S LA FAYETTE PARK PL  #326  LOS ANGELES, CA 90057 $319,000 Active 15-892873 New Listing
  • Area:  (42) Downtown L.A.
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  1
  • Bathrooms:  1.00 (1 0 0 0 )
  • HOD:  $408.00
  • Building/Living Area:  715/VN
  • Land Type: 
Rooms: OtherEquipment:  Alarm System, Dishwasher, Elevator, Range/Oven
Remarks:  Lowest price in the building to quick sale!!! Newly remodeled! New Paint, new floor, new kitchen cabinet, new quartz countertop. Pool, Gym, Sauna, HOA includes water, trash, gas.
267 S San Pedro ST  #305  LOS ANGELES, CA 90012 $475,000 Active TR15068088MR New Listing
  • Area:  (42) Downtown L.A.
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  1
  • Bathrooms:  2.00 (1 0 1 0 )
  • HOD:  $520.00
  • Building/Living Area:  970
  • Land Type: Fee
Rooms: Equipment:  Dishwasher, Dryer, Gas Dryer Hookup, Inside, Microwave, Refrigerator, Vented Exhaust Fan, Washer
Remarks:  Luxurious 24 hrs secured Senior Condo Downtown L.A., Little Tokyo District. All occupants must be over 55 years. Unit face to East and courtyard with Koi pond. Characteristic upgraded unit. Original hallway full bathroom was converted 1/2 bathroom with storage cabinets. Master bed with walk-in closet and cabinets. Amenities: pool, spa, fitness gym, 2 story multi-purpose room.
530 S HEWITT ST  #220  LOS ANGELES, CA 90013 $647,500 Active 15-891523 New Listing
  • Area:  (42) Downtown L.A.
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  0
  • Bathrooms:  1.00 (1 0 0 0 )
  • HOD:  $398.00
  • Building/Living Area:  1,120/AS
  • Land Type: 
Rooms: LoftEquipment:  Built-Ins, Dishwasher, Dryer, Freezer, Range/Oven, Refrigerator, Washer
Remarks:  Perfect for entertaining, this loft has comfortable layout with original wood beams and posts over a century old. Make the perfect live/work space with built-in office desk space, storage closets, and in-wall fireproof lock safe. This loft has a generous amount of storage space and one parking space included. The Barker Block is one of the most desired buildings in the Arts District and offers quality amenities such as a resort style rooftop including a gym, pool, spa and lounge areas. Walking distance to Urth Cafe, Zinc, Wurstcuche, local restaurants, coffee shops, Little Tokyo, Arts District Dog Park and just minutes from the Historic Core and Little Tokyo.
100 S Alameda  #151  LOS ANGELES, CA 90012 $649,000 Active OC15065436MR New Listing
  • Area:  (42) Downtown L.A.
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  2
  • Bathrooms:  2.00 (2 0 0 0 )
  • HOD:  $427.00
  • Building/Living Area:  1,043
  • Land Type: Fee
Rooms: Equipment:  Dishwasher, Inside, Microwave, Refrigerator
Remarks:  Convenient Location! Close to shopping center, restaurant shops and freeways. Unit is located on the first floor, facing the garden with 2-parking side by side parking space. 2-Master suite style, private balcony with extra storage, Kitchen has granite top, stainless steel appliances with refrigerator, Washer/Dryer included. Building offers: Swimming pool, roof top lounge, Gym, BBQ area, Conference room, library, movie theater, computer room and on-site security.
530 S HEWITT ST  #450  LOS ANGELES, CA 90013 $649,000 Active 15-891653 New Listing
  • Area:  (42) Downtown L.A.
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  1
  • Bathrooms:  1.00 (1 0 0 0 )
  • HOD:  $375.00
  • Building/Living Area:  1,110/VN
  • Land Type: 
Rooms: LoftEquipment:  Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
Remarks:  The Art District’s premier Loft Condo bldg, the Barker Block, offers extraordinary amenities, comfort, security, with architectural character not seen any where else in the region. Hardwood flrs w/ original wood beam ceilings from 1920. Modern luxe bath + kitchen w/ island + caesarstone counters. All appliances + wshr/dryr. Resort style rooftop pool + lounge areas + gym. New outdoor ground floor area w/ firepit. 24/7 front desk security. Tenant occupied til 12/31/2015. Close to ALL.
889 Francisco  #7D  LOS ANGELES, CA 90017  $698,000 Active 15-891611 Price Change
  • Area:  (42) Downtown L.A.
  • Subdivision: Metropolis Los Angeles
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  1
  • Bathrooms:  1.00 (1 0 0 0 )
  • HOD:  $925.48
  • Building/Living Area:  760/DV
  • Land Type: 
Rooms: Breakfast Area, Dining Area, LivingEquipment:  Alarm System, Built-Ins, Hood Fan, Refrigerator, Washer
Remarks:  Welcome to Metropolis – the most luxurious new address in downtown Los Angeles. Developed by Greenland USA and constructed by an award winning team, Metropolis brings together all the elements of a life well-lived in one dynamic city block. This one bathroom, one bathroom residence features an open kitchen with high end BOSCH appliance package, panoramic views of Metropolis gardens from the living and bedroom, and washer and dryer.Metropolis Tower 1 features an unprecedented 41,000 square foot (approx.) indoor /outdoor clubhouse oasis solely for Tower 1 residents! A grand entrance home through a 35,000 square foot motor court, Tower 1 residents enjoy a 24 hour attended lobby, fitness with steam room, yoga studio and garden, movie theater, residents dining lounge with catering pantry, conference and business center, TV and entertainment room, dog park with bathing station, and a resort-styled outdoor pool with cabanas and barbecues.
889 Francisco ST  #7J  LOS ANGELES, CA 90017  $813,000 Active 15-891125 Price Change
  • Area:  (42) Downtown L.A.
  • Subdivision: Metropolis Los Angeles
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  1
  • Bathrooms:  2.00 (1 0 1 0 )
  • HOD:  $936.63
  • Building/Living Area:  843/DV
  • Land Type: 
Rooms: Breakfast Area, Dining Area, LivingEquipment:  Alarm System, Built-Ins, Dishwasher, Hood Fan, Refrigerator, Washer
Remarks:  Welcome to Metropolis – the most luxurious new address in downtown Los Angeles. Developed by Greenland USA and constructed by an award winning team, Metropolis brings together all the elements of a life well-lived in one dynamic city block. This one bathroom, one and half bathroom residence features an open kitchen with high end BOSCH appliance package and breakfast bar, panoramic views of the Metropolis gardens from the living and bedroom, and washer and dryer. Metropolis Tower 1 features an unprecedented 41,000 square foot (approx.) indoor /outdoor clubhouse oasis solely for Tower 1 residents! A grand entrance home through a 35,000 square foot motor court, Tower 1 residents enjoy a 24 hour attended lobby, fitness with steam room, yoga studio and garden, movie theater, residents dining lounge with catering pantry, conference and business center, TV and entertainment room, dog park with bathing station, and a resort-styled outdoor pool with cabanas and barbecues.
940 E 2ND ST  #7  LOS ANGELES, CA 90012 $859,500 Active 15-892207 New Listing
  • Area:  (23) Metropolitan
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  2
  • Bathrooms:  3.00 (3 0 0 0 )
  • HOD:  $360.80
  • Building/Living Area:  1,360/VN
  • Land Type: 
Rooms: Living, Loft, Master Bedroom, Office, Patio EnclosedEquipment:  Dishwasher, Dryer, Garbage Disposal, Intercom, Microwave, Range/Oven, Refrigerator, Washer
Remarks:  Located at the eastern edge of Downtown Los Angeles and within walking distance to many of the city’s cultural amenities, the Arts District is a thriving and creative community that inhabits the largely self-sufficient area along with independent restaurants, bars, shops and galleries.The vibrant area began as the agricultural hub of Los Angeles in the 1800’s, filled with citrus groves and vineyards. Because of its proximity to the Los Angeles River, merchants were able to both water their crops and distribute produce. In the late 1800’s railroads linking Los Angeles to Chicago emerged and fueled an industrial boom. Warehouses and factories replaced the orchards and vineyards, and by the early 1900’s the area was a manufacturing and distribution powerhouse.This 3 story 2 bedroom loft feature a private patio and original brick wall.A must see!
801 S Grand AVE  #1204  LOS ANGELES, CA 90017 $969,000 Active AR15069372MR New Listing
  • Area:  (42) Downtown L.A.
  • Subdivision: 
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  2
  • Bathrooms:  2.00 (2 0 0 0 )
  • HOD:  $998.00
  • Building/Living Area:  1,640
  • Land Type: Fee
Rooms: Equipment:
Remarks:  “Luxury Living in the Heart of Downtown LA. This gorgeous 2 bedroom 2 bath 1640 square foot condominium (1848 Sqft Developer)is located on the 12 floor. Large open space floor plan, high ceiling, 2 separate entrance doors, IN-UNIT Laundry area, hardwood floor, walk-in closet and 2 parking spaces. The kitchen is complete with caesarstone counter tops, stainless steel appliances as well as built in microwave. Building amenities: furnished & large residence lounge, fitness center and theater. HOA dues include gas, water, trash, sewage, landscaping, parking lot & common area maintenance, window washing two times per year 24 hours security on site and at residential lobby entrance. Walking distance to Macy’s, Restaurants, Ralph’s and Wholefoods Market(opening soon)”
889 Francisco  #12C  LOS ANGELES, CA 90017  $1,288,000 Active 15-891587 Price Change
  • Area:  (42) Downtown L.A.
  • Subdivision: Metropolis Los Angeles
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  2
  • Bathrooms:  2.00 (2 0 0 0 )
  • HOD:  $1,006.78
  • Building/Living Area:  1,365/DV
  • Land Type: 
Rooms: Breakfast, Dining Area, Master Bedroom, Walk-In ClosetEquipment:  Alarm System, Built-Ins, Dishwasher, Dryer, Hood Fan, Refrigerator, Washer
Remarks:  Welcome to Metropolis – the most luxurious new address in downtown Los Angeles. Developed by Greenland USA and constructed by an award winning team, Metropolis brings together all the elements of a life well-lived in one dynamic city block. This corner two bedroom, two bathroom residence features an open view kitchen with high end BOSCH appliance package, panoramic views of Hollywood, mountains, DTLA and the Metropolis gardens from the living and bedrooms, and washer and dryer. Metropolis Tower 1 features an unprecedented 41,000 square foot (approx.) indoor /outdoor clubhouse oasis solely for Tower 1 residents! A grand entrance home through a 35,000 square foot motor court, Tower 1 residents enjoy a 24 hour attended lobby, fitness with steam room, yoga studio and garden, movie theater, residents dining lounge with catering pantry, conference and business center, TV and entertainment room, dog park with bathing station, and a resort-styled outdoor pool with cabanas and barbecues.
889 Francisco  #34B  LOS ANGELES, CA 90017  $2,028,000 Active 15-891627 Price Change
  • Area:  (42) Downtown L.A.
  • Subdivision: Metropolis Los Angeles
  • Property Type:  Residential Condo/Coop
  • Bedrooms:  2
  • Bathrooms:  3.00 (2 0 1 0 )
  • HOD:  $1,054.48
  • Building/Living Area:  1,720/DV
  • Land Type: 
Rooms: Breakfast Area, Den, Living, Master Bedroom, Two Masters, Walk-In ClosetEquipment:  Alarm System, Built-Ins, Dishwasher, Dryer, Hood Fan, Refrigerator, Washer
Remarks:  Welcome to Metropolis – the most luxurious new address in downtown Los Angeles. Developed by Greenland USA and constructed by an award winning team, Metropolis brings together all the elements of a life well-lived in one dynamic city block. This high floor corner two bedroom plus office, two bathroom plus powder room residence features a kitchen with a gorgeous view and high end BOSCH appliance package, panoramic views of Santa Monica, LA Live, and Sunsets over the Metropolis gardens from every room! Metropolis Tower 1 features an unprecedented 41,000 square foot (approx.) indoor /outdoor clubhouse oasis solely for Tower 1 residents! A grand entrance home through a 35,000 square foot motor court, Tower 1 residents enjoy a 24 hour attended lobby, fitness with steam room, yoga studio and garden, movie theater, residents dining lounge with catering pantry, conference and business center, TV and entertainment room, dog park with bathing station, and a resort-styled outdoor pool.

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Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2015 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed. Corey Chambers CalBRE# 01889449 (corey@laloft.org)