Category: home prices

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Downtown Los Angeles Real Estate Market Report March 2021

REAL ESTATE NEWS | Blog Video

Median urban L.A. home price held steady, but other factors show a strained Downtown property market. March median sold price was $597,500. That’s up just a bit from the same month last year, but the other numbers are not as rosy. Average home price fell down significantly, as homes are taking much longer to sell. Median days on market shot up from 31 last March to 55 days on the market last month. Average days on market was even worse: 80 days. Fewer people attempted to sell, and the total volume of sold homes fell from $44.3 million to just $32.5 million. These figures are from real estate professionals MLS Multiple Listing Service for Downtown and nearby loft neighborhoods 23,42 and 1375. Overall, the numbers indicate pressure for DTLA home prices to fall over the coming months.

Find out how much your neighbor’s condo sold for. Get a free list of recently sold homes nearby or in any neighborhood. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 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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Downtown Los Angeles Real Estate Crash

Downtown Los Angeles property market continues downward trajectory as rents fall sharply.

REAL ESTATE NEWS | Blog Video

Urban home prices have been crashing for several years in big city downtown areas, while single family homes in the best, safest suburban neighborhoods have been rising. As many flee the largest cities due to virus panic, lockdown economic damage, and rising violent crime, DTLA investors, landlords and home owners bear the brunt of the depression. $500 to $1,000 discount offers are today common in DTLA rental apartment market, while some of the most beautiful lofts for lease have dropped asking rent prices by several hundred dollars per month. Small lofts in the Historic Core are sitting vacant for months while larger lofts in the Arts District are occupied near full price. The best luxury lofts have seen the lightest reductions in asking rent prices.

Find out how much your Downtown loft is worth. Get a free list of recently sold properties. 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
The best luxury lofts see the lightest drops in asking rent prices.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 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.