More Sellers than Buyers for Downtown Los Angeles Lofts and Condos – How Soon?

Market and Housing Forecast for #DTLA #RealEstate

In a recent real estate poll, fewer buyers said that now was a good time to buy, while more sellers felt that now was the best time to sell.  This marks a notable shift in the market. Is now best time to buy, sell or rent a loft, condo or apartment in Downtown Los Angeles?

nct-rooftop-terrace-dtla-real-estate

The L.A. Loft Blog, the authority in Downtown real estate, was the first to report in 2011 that the buying wave was coming.  Those who purchased in 2011/2012 gained an incredible amount of wealth in the form of home equity. The average Downtown homeowner who purchased at that time gained several hundred thousand dollars of equity within just a few years.  This is an incredible transfer of wealth.  Today is a very different story.

japan-real-estate-chart
U.S. to Follow Japan’s Economic Model

Today, the L.A. Loft Blog is the first to announce that this is the beginning of a NORMAL market. Normal can be difficult to understand, so here is what that means: There will be no dramatic transfer of wealth any time soon. Prices will likely remain largely stable over the next several years. While would-be buyers may feel that the market is making them feel nervous, the reality is that many buyers normally feel scared in a normal real estate market because it is such a major purchase, and because the buying process is a major life event for most. For 2016/2017, buyers can expect a good return on their investment, which, for Downtown, means to expect an above-average gain. Sellers can expect normal results of their sale.  Seller who wait for several years will be rewarded.

arts-district-beacon-lofts-pocket-jAs for those would-be buyers who are waiting for a big price drop before they buy — they will likely be disappointed.  And as for sellers who believe they can cash in now before the next big price drop, they will do OK, but selling now is not going to lead them to a winning euphoria. In fact, we will likely see several unexpected small run-ups in prices before we ever see a huge drop in prices again.  Our economy has been following Japan’s model recently. Since the U.S. is following Japan’s lead in economics lately, Japan’s recent market could be our best glimpse in to the future of our real estate market. This model shows a coming large run-up in metropolitan home prices.

In Downtown Los Angeles, the most exciting place on Earth, the housing market will remain tight. To be successful, buyers must beat out all of the many other other buyers to the best deals. Prospective buyers can get free access to bargains, unlisted homes and powerful technology at www.LALoftVIP.com.

Renters are still flooding into Downtown as DTLA has surpassed a half million jobs, and could be headed to one million jobs if the economy remains on the right track for a while.

2016 is the year to buy according to CNN:
http://money.cnn.com/2015/12/04/real_estate/2016-real-estate/

The biggest discrepancy in CNN’s article is interest rates.  The U.S. seems to be following Japan’s ultra-long-term experiment on government-instituted super-low interest rates. That has resulted in a stagnant economy, but surprisingly buoyant real estate prices. When investors can’t get results from other investments, they will turn to real estate.

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Here is the real #1 reason to buy for those who find that they like living in Downtown Los Angeles:

findoutwhat-1041 copyFollowing the L.A. Loft Blog’s NORMAL market call, there is an abnormally high rental demand in DTLA.  Despite dozens of new rental developments popping up, everything is pretty much full — the coming Garey Building recently reported 94% filled to capacity while under construction — before it even showed any model apartments for rent.

Look for rents to go UP, UP and UP!  As for rent prices in Downtown L.A., the sky is the limit.

Of course, all this talk about economics, the dismal science, puts even fewer people in the mood to buy, and even more in the mood to sell. Find out how much your Downtown home is worth at www.LALoftPrice.com.

 

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

 

Lofts For Sale in Downtown Los Angeles, Other Nearby Neighborhoods and Lofty Houses

lofty-house-1605Now that demand for lofts is high while supply is very low, prospective loft owners are looking at lofts for sale and for lease, condos and lofty houses with high ceilings in other nearby neighborhoods.

Here is a link to ALL lofts all over the L.A. area:

ALL LOS ANGELES AREA LOFTS:
FOR SALE  |  FOR LEASE

Neighborhood Districts Downtown Los Angeles  [Map]

arts-district-downtown-la
Arts District Downtown Los Angeles

Arts District  |  For Sale  |  For Lease

 

Bunker Hill
Bunker Hill Neighborhood

Bunker Hill  |  For Sale  |  For Lease

Fashion District  |  For Sale  |  For Lease


Financial District  |  For Sale  |  For Lease  

 

Historic Core
Historic Core

Historic Core  |  For Sale  |  For Lease

 

Little Tokyo Downtown Los Angeles
Little Tokyo Downtown L.A.

Little Tokyo  |  For Sale  |  For Lease

South Park Downtown Los Angeles
South Park District in Downtown Los Angeles

Old Bank District  |  For Sale  |  For Lease


South Park  |  For Sale  |  For Lease

Other neighborhoods near Downtown:

Alta Lofts Building

Lincoln Heights  |  For Sale  |  For Lease

Silver Lake  |  For Sale

West Lake  |  For Sale

river-house-55-concerto-mk31Elysian Valley  |  For Sale

Glassell Park  |  For Sale

Echo Park  |  For Sale

Highland Park  |  For Sale

Montecito Heights  |  For Sale

Mt Washington  |  For Sale

1542-17th-schb-mkPico Union  |  For Sale

Koreatown  |  For Sale

Cypress Park  |  For Sale

Chinatown  |  For Sale

Boyle Heights  |  For Sale

USC  |  For Sale

East Hollywood  |  For Sale

east-hollywood-houseHollywood  |  For Sale

Mid-City  |  For Sale

Miracle Mile  |  For Sale

Pasadena  |  For Sale

Santa Monica  |  For Sale

South Pasadena  |  For Sale

West Hollywood  |  For Sale

lofts-long-beach-templeLos Angeles Beach Cities:

Playa Vista  |  For Sale

Long Beach  |  For Sale

All Southern California Cities

Here are some handy links to lofts and condos for sale and apartments for lease in Downtown Los Angeles:

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

 

Loft Map Downtown Los Angeles
Loft Map Downtown Los Angeles

LOFT MAP DOWNTOWN LOS ANGELES

For more information about neighborhood districts, lofts and condo buildings in Downtown, contact:

DOWNTOWN LOFT & CONDO LISTINGS:  FOR SALE  |  RENTALS

Corey Chambers, REALTOR®
(213) 880-9910
coreychambers@yahoo.com
http://www.LAloftBlog.com


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) 880-9910 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.