As the Loft Blog recently reported, the average condo has dropped in value by around $100,000 in just the last few months. Rent prices, on the other hand are going up in response to continuing inflation, interest rates increases and purchase reluctance. In addition to price reductions, we can likely soon expect to see more motivated sellers, distressed properties, foreclosures and short sales. In the current market of active listed L.A. urban properties for sale, 53 home sellers have recently reduced asking prices:
1155 S Grand Ave #412
1130 S Flower ST #123
880 W 1st St #805
257 S Spring St #PENTC
315 E 8th St #401
1100 Wilshire Blvd #3104
416 S Spring St #809
130 S HEWITT ST #20
629 Traction AVE #209
400 S BROADWAY #3202
645 W 9th ST #740
1100 S Grand AVE #a208
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 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.