Downtown Los Angeles Real Estate Market Report November 2021

REAL ESTATE NEWS | Home Prices Take Giant Leap in DTLA

While global real estate prices begin to level off, the Downtown Los Angeles property market launches skyward at great velocity. With more than $100,000 gain over the same month last year, DTLA shows the world how a sudden recovery can really get up and go! For the local and global economy, stagflation is the name of the game. With government printing presses on overdrive, and a beginning demise of the U.S. Dollar, Downtown L.A. only needs to commit to a modicum of improvement in order to see unprecedented gains in home prices. Lofts and other condos are selling much faster: 15 days faster on average, and most homes selling 58 days faster than last November!

Nov 2020:
29 Listings; 71/71 Avg/Med Days on Market; $620,000/$653,981 Med/Ave Sold Price

Nov 2021:
31 Listings; 56/18 Avg/Med Days on Market; $725,000/$775,677 Med/Ave Sold Price

Based real estate professional Multiple Listing Service for Downtown and nearby loft neighborhoods MLS areas 23, 42 and 1375.

Find out what the home down the street sold for

This rapid improvement in Downtown marks an enormous change in what was mostly a falling market for the last several years. November’s price increases also reinforce and confirm the price increases that we reported for October. The pricier, higher-quality homes are doing the best, as the rich get richer, giving first-time home buyers a little time to scrape up the pennies and take advantage of Downtown LA real estate prices while they are still historically low.

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. 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.

Hostage at Santa Fe Lofts Downtown Los Angeles

REAL ESTATE NEWS

A hostage situation played out on social media in October at Santa Fe Lofts apartments in Downtown L.A. Police body cam video has been released to the public.  | VIDEO

This chilling police body cam video shows LAPD SWAT team storming the large, modern luxury loft unit, then taking down the gunman at 6th and Main St in Downtown LA. Police rushed in to save a hostage in her lofty apartment. Dramatic footage from cameras worn by officers shows shows cops using deadly force to terminate the bad guy, and to rescue the innocent woman.

Earlier, the gunman shot a 14 year old boy during a violent crime spree, then tried to carjack a woman at gunpoint, tried to shoot another woman in the head, then ran into a loft apartment building at 121 E 6th St. Neighbors across the street also shot videos through the many large windows. | LOFT TOURS

Downtown Los Angeles Business Directory

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. 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.