New Homes For Sale Los Angeles and Downtown – Update: Condos by L.A. River More Than 50% Sold

Real Estate News Downtown Los Angeles and Nearby Communities

The new condos on the LA River are now more than 50% sold.   #lariver #newhomes

New Homes For Sale Los Angeles River Condos

New Homes For Sale Los Angeles River Condos – More than 50% Sold

There are 3 units remaining under $500,000 and 2 of those are facing the river near Downtown Los Angeles. Get on the New Homes Interest List or see how to compare new home purchase to resale at www.NewHomesLA.com.

Homes For Sale Los Angeles River

Homes For Sale Los Angeles River – Moving In

The two new condo units priced at around $499,000 are expected to be sold quickly, likely within the next week or two.  Over 50% sold means that the project is a success and the buyer can use nearly any lender because the home loan mortgage companies now recognize that the development is not likely to fail, and there is little or risk involved now that the condos have achieved triumphant progress.

River Single Family Homes Los Angeles

New single family homes and duplex houses by the Los Angeles River. Phase 1 Sold Out.

Across the river, the other new development, single family homes and duplex houses on the north side of the Los Angeles River have sold out the first phase. The model home is now for sale, and the newest phase is expected to start selling sparkling newly built houses in the next few months with prices starting in the high $600,000s.

In addition to the relatively small number of traditional new condos and houses, the bulk of new homes in the area are the thousands of new construction high-rise condominium units for sale in the tower buildings that are popping up in Downtown’s newer South Park district.

OceanWide Plaza, Circa and other new highrise residences Downtown LA

New highrise residences Downtown LA

The L.A. Loft Blog recently reported that some of the highrise buildings are uniquely positioned, while others are at risk as they may represent a potential glut due to the large number of cookie-cutter new-highrise developments with large numbers of units that the builders will need to try to sell in order to be profitable.  Some modern condo owners such as those at nearby Evo, Luma and Elleven buildings have already started to panic, causing a softening of South Park modern loft prices, due to the coming throngs of brand new condo units for sale in the South Park district neighborhood of Downtown Los Angeles.

Get a list and priority access to new homes under construction, along with new build homes that are ready for move-in. Fill out the online form:

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New Homes Los Angeles River For Sale

New Homes Los Angeles River – Officially Successful Condominiums For Sale

Copyright © 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 associated with the homeowner’s association 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.

About Lofts Downtown Los Angeles

Your Loft Sold GUARANTEED or I'll Buy It* Corey Chambers, REALTOR® (213) 880-9910 corey@laloft.org http://www.LAloftBlog.com *by the end of the listing term at a price acceptable to the seller. Realty Source Inc. BRE#01889449
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