Category: dtla

Posted on

Downtown Los Angeles Real Estate Market Report August 2021: DTLA Property Prices Crash Up with Stagflation

DTLA Property Crash – Downtown L.A. Housing Market Aug 2021

DTLA Feels Full Force of Stagflation as World Economy Sentiment Drops

Up and Down! Average and better L.A. urban home prices increased while the bottom of the barrel decreased. The rich get richer and the poor get poorer. The home price increases occurred even while the Downtown Los Angeles housing market slowed. The number of sellers increased, as the number of buyers decreased. Most urban home prices are today affected by the upward force of inflation, even while the bottom tier and overall market feel the downward pressure of economic stagnation. The well-to-do are able to take advantage of most any situation.

Last August, 32 properties for sale grew to 55 for sale this August; Days On Market increased from 39 Avg / 31 Med to 55 Avg / 30 Med; Most prices shot up in August compared to the same month a year ago: $580,000 Med / $704,000 Avg. As the bottom half bear the brunt, lowest price decreased from $309,000 down to $100,000 while the high price increased from $1,700,000 in 2020 to $3,000,000 in 2021. These numbers are based on real estate agents Multiple Listing Service for Downtown and nearby MLS areas 23, 42 and 1375.

As for the global economy, Americans and Europeans have lost faith in their financial futures recently. US consumer sentiment fell to a near decade low in August, according to Al Jazeera. Europe is feeling no better. While inflation can help boost or prop up the value of real estate, stagflation is not what the doctor ordered. Citibank expects a negative stock market event soon.

Find out what the home down the street sold for

FIND OUT HOW MUCH YOUR CONDO IS WORTH — Get a free list of recently sold nearby properties, along with prices, and a list of current active properties for sale. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
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.

2020 August

DTLA Real Estate Market 2020 AugustDownload

PDF

DTLA Real Estate Market 2020 AugustDownload

PDF

Posted on

Top Three Amenities Readers Ask for in DTLA Lofts and Condominiums.

Downtown Loft and Condo buyers are looking for these popular amenities to round out their wishlists. The LALoftBlog team has surmised three top picks for the most in-demand amenities in a loft or condo building. Loft and condo buyers are seeking to be one or all of the following: “a fool for the pool”, “Hans & Franz” in the gym, or “Doris Day” in the parking garage What Amenities would you like to see in your Loft or Condo? Leave a comment at the end and we will research requests for future stories.

Downtown Los Angeles Lofts with parking Parking is by far the most mentioned request either on site or nearby. Off-Street, secure and accessible 24 hours. Don’t discount an otherwise perfect building for lack of parking. Your agent will be able to search for available parking within a block or two that could suit your needs. Even Doris Day did not always get to park in front.

Secure Parking with an assigned off street location is an ideal amenity to seek out

Lofts with Gyms in DTLA Just like location is the most important aspect of real estate, convenience is the cornerstone of a gym. On-site fitness centers make skipping your fitness routine almost impossible. It may not be the biggest or the best-outfitted gym but being on-site makes it easy to get your steps in or like Hans and Franz, pump you up. As James Clear says in Atomic Habits “Make the hard things easy and the easy things hard” when forming good habits like working out regularly. #entarlovesyou

DTLA Lofts with on-site pools An outdoor space with a pool is inviting and fun. You may not be a Tokyo Bound Olympic swimmer but catching some sun by the pool is a relaxing way to meet your neighbors or convent for entertaining friends and family from out of town. Are you a toe dipper or an all-at-once off diving board kind of gal?

Luxury Lofts in Downtown Los Angeles tend to have at least one if not all three of these popular amenities and more If not on-site than nearby. The Biscuit loft for example has a shared fitness center across the street. And some other Loft buildings don’t have parking on site but as we said your clever agent will make it work by finding something nearby. #luxurylofts

DTLA Lofts with parking included get a free list. Fill out the online form.

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

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

Pools are a popular amenity in DTLA buildings. What other Amenities would you like to see?

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.