Most Downtown lofts lost $9,000 to $35,000 of value in the past 12 months. Sellers are not yet outright declaring their motivation or financial distress, but the anxiety is certainly appearing. While the entertainment capital of the world has the most stoic sellers, who are least likely to demonstrate any signs of financial distress, the signs of financial strain show up in subtle subtext. Of the top ten recently sold condos in Downtown LA, nearly half took more than 90 days to sell, and several showed several signs of distress, including days on market, five suffered from extended vacancy, and nearly half ultimately extensive price reductions. Here is the top 10 list of recently sold condo deals in DTLA: | SOLD | Blog Video
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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, 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.