Downtown Los Angeles Real Estate Inventory Explosion: Desperate Sellers Debut

Los Angeles For Sale

REAL ESTATE NEWSThe number of properties available for purchase has recently shot up tremendously, as a whopping 251 homes have been listed for sale. The problem: only 16 properties sold in May. With so many for sale, and so few selling, it could take 16 months to get all of these properties sold. To make matters more clogged, the mainstream news media has been doing the worst job in recent memory when it comes to reporting economic woes. MSN and CNBC report that the flight to the suburbs is real and growing, as coronavirus changes the way people live. We’ve seen historic stock market volatility, historic job loss and historic drop in GDP, all surpassing the Great Depression, laying the foundation for The Greater Depression of 2020. The IMF agrees that the near future looks bleak. #losangeles #realestate #glut

13 loft condos now actively listed for sale at the Shybary Grand. Little Tokyo Lofts sellers are trying to unload active 6 listings. 10 units up for grabs at Bunker Hill Tower. 9 Skyline condos; a dozen lofts languish at Market Lofts; 9 new units at 939 Lofts; and at least a dozen lonely luxury units seeking owners at Metropolis. 28 listings have already reduced the asking price, with more likely to come. 17 listings show potential signs of distress, which could sometimes indicate more room for negotiation or price drops. SB Grand has recently been approved for FHA 3.5% down financing, which could help. | Blog Video

VIDEO

Unless the Fed creates runaway inflation through continued radical money printing (which it has indicated it could), prospective home buyers can expect to see more inventory and more falling prices in the coming months.

Get a free report on any Los Angeles condo building. 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 | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking
Los Angeles sees glut of homes for sale as prospective buyers head for the suburbs

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.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.

Los Angeles Apartments For Sale

Biscuit Company and Toy Factory loft condo buildings in the Arts District

When we here the words “L.A. Apartments For Sale,” it’s usually coming from the mouth a New Yorker or other metropolitan thinker. In the Los Angeles area, the word “apartment” usually refers to a rental unit, while the word “condo” more often refers to individually owned units for sale because most in LA are of condominium ownership type. Here are links to units available for purchase: Lofts For Sale | LoftForSale.com | Blog Video #losangeles


FOR RENT BY OWNER

VIDEO

The best way to see Los Angeles lofts, condos and apartments for rent by owner is to take advantage of the L.A. Loft Blog upgraded tour, which includes the amazing condos that require a real estate agent to get it, and also includes the spectacular rental deals where they don’t pay agents because they are for rent by owner. The upgraded tour is the way to ensure that a renter does not miss out on just the right place, because it includes all types that best matches for the renter’s search criteria. With a 100% satisfaction guarantee, try the rental tour risk-free. #apartments

Reader Questions:
Q: What is happening at the Eckardt Building? A: The Eckardt is one of three condo buildings that comprise Santee Village in the Fashion District, which share lots of amenities. There are several units for sale and for lease.

Get a free list of Los Angeles Apartments 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 | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.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. #forsale