REAL ESTATE NEWS — Urban L.A. real estate prices shot up dramatically at the end of 2021. Is the upward trend continuing in the beginning of 2022?
Statistics show that January 2022 continues the upward trend that was revealed over the last few months. Last month saw a dramatic increase in homes sold, along with a $50,000 gain in price. Homes sold much faster as well.
January 2021: 188 homes sold; Median Days on Market 55; Median Price $544,500
January 2022: 264 homes sold; Median Days on Market 32; Median Price $599,500
Numbers are based on TheMLS statistics for loft neighborhoods around Downtown Los Angeles 23, 42 and 1375 as compared to the same period of the previous year.
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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. 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.