L.A. PROPERTY NEWS
Like many other major metropolitan areas, the urban L.A. real estate market continues its downward trend, with Downtown taking the brunt of the downturn. The last 30 days showed twice as many property for sale, taking 60% longer to sell, with a median sold price $47,000 less than the same period last year. These numbers are based on real estate professionals MLS Multiple Listing Service market statistics for Downtown LA and nearby loft neighborhoods 23,42 and 1375.
April 2020:
Number of Listings 19
Average DOM 65
Median DOM 36
Median Price $622,000
Average Price Total $686,526
April 2021:
Number of Listings 38
Average DOM 76
Median DOM 55
Median Price $575,000
Average Price Total $ $652,173
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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.