August 2019 – Page 7 – LA Loft Blog

Financial District amusement slide a metaphor for a dropping real estate market — Financial slide – a dropping real estate market

REAL ESTATE MARKET UPDATE #REALESTATE #NEWS

Downtown Los Angeles — Area 2nd quarter median recently sold home prices are down since the same period last year. The L.A. Loft Blog looked at MLS areas 23,42 and 1375, which include the loft condo neighborhoods in and around Downtown LA. The median price (April through June) last year was $630,000. This year it’s down to $610,000 for a drop of 3.28%. #dtla

2nd Quarter 2018 Median DTLA home price $630,000

2nd Quarter 2019 Median DTLA home price $610,000

The good news is that the average price is actually up from $704,595 last year to $761,853. The dollar volume shows a healthy local real estate economy, but most individuals are losers: The median price drop shows that most home sellers are getting less money in 2019 while only a lucky few are doing better. Most real estate agents are bearing the brunt of the cooling market as the number of transactions dropped from 132 to 99 as fewer Downtowners are buying or selling. Currently secure in their jobs, most downtowners are staying put.

FIND OUT WHAT YOUR NEIGHBOR’S LOFT SOLD FOR

Get a free list of Downtown area loft and condo sales. Fill out the online form:

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Downtown Los Angeles real estate market slides down

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.

NEW !! HOT PROPERTIES

SB Grand Pool Shybary Lofts — SB Grand Pool – Shybary Lofts

Now the LA Loft Blog provides a list of the Top Ten most viewed condominium listings new on the market. Just listed within the last couple of weeks, these live/work lofts and other condos have been rated based on views and popularity by the smartest real estate aficionados, the readers of the L.A. Loft Blog | VIDEO. The top two are in the $300,000s. Here’s the top 10 list in order of most desired real estate, along with a link to an independent broker analysis video for each unit, starting with the most-viewed listing and the reason for the brouhaha: #top10 #lofts #dtla

312 W 5th St #1124 SB Grand – The lowest priced loft in Downtown LA
420 S San Pedro St #214 Little Tokyo Lofts – Lowest price with parking
939 S Broadway #1007 939 Lofts – Newest historic loft development
1234 Wilshire Bl #312 – Vero – Large modern soft lofts with amenities
1100 S Hope St #908 – Luma – LEED Certified soft lofts South Park
900 W Olympic Bl #36B – Ritz-Carlton – Super luxury brand highrise tower
801 S Grand Ave #1807 – Sky Lofts – Luxury highrise tower, centrally located
800 W 1st St #1601 – Bunker Hill Tower – Cleaner, safer, views, tennis courts
510 S Hewitt St #309 – Barker Block – Luxury lofts Arts District, low HOA dues
1855 Industrial St #616 – Toy Factory – Industrial style live/work Arts District