Downtown Los Angeles Lofts and Condos Not Selling

L.A., We Have a Problem!

Of 437 local area listings in the last 3 month, only 149 have sold. That leaves 288 unsold properties. More and more of them will be taken off the market, as sellers decide to hold out and wait for higher prices in the future.

The reason: Stagflation. The economy is crashing worse than ever before, while prices are rising the fastest in 40 years. The Federal reserve raising interest rates is causing a lack of interest in major purchases, this is especially true or lofts near Skid Row. Skid Row and nearby neighborhoods have been all but abandoned by the local government. This is causing crime to remain out of control. Little Tokyo shopping promenades are suffering from attendance and fewer sales as homeless and criminals scare away and assault would-be shoppers. More Loft Blog readers are asking to see lofts and condos that are not in Downtown. That article will be posted in the coming days.

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This above paragraph is a sneak peak at the new jingle for a planned potential upcoming incorporation and launch of the trillion dollar real estate company of the future, called Entar. Plan to see more and more mention of Entar on the Loft Blog because Entar shall possibly be formed into the parent company of the Loft Blog in the future. The good news is that Loft Blog readers can already take advantage of the new technology and new services today. The results is that DTLA lofts, condos and houses sell 44% faster, for 2% more money, and less hassle. Home buyers are guaranteed to save $25,000 when buying a loft, condo our house. Twice as many lofts for lease in Los Angeles with the Top Level Tour.

Find out how much your neighbor’s loft sold for. Fill out the online form:

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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.

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STRATEGIES TO MARKET PROOF A REAL ESTATE BUSINESS AGAINST THE COMING RECESSION: — Mortgage rates are going mostly up for now. In most neighborhoods, property prices are going to grow more slowly this year. Home prices in some of the least desirable areas may go down, while prices in some of the most desirable area may continue to skyrocket. Many Realtors(R) report that there are not enough listings for clients. Agents want to better know how to get listings in 2022 and 2023. There are systems and strategies that help better insulate real estate a real estate business from the economy. Let’s talk about the strategies that top agents are using today to make a lot of money. The most effective strategies are always changing with what’s happening in the marketplace. The current situation requires new thinking and new planning on how to succeed.

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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.