Category: home prices

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Downtown Los Angeles Loft Sales Slow – Median Home Price Down

REAL ESTATE NEWS  — The Los Angeles real estate market continues to cool, including urban condos.

As the L.A. Loft Blog warned two years ago, property prices do not always go up reliably. Home values dive periodically.  As the number of people moving has dropped precipitously, Downtown L.A. is officially in a buyer’s market.  #realestate #market #homeprices #dtla

Most Downtown LA homes have come down in price recently compared to the same period in 2018.  The local real estate market has contracted — what was hot a few years ago is now lukewarm. Let’s take a look at the actual numbers for Downtown Los Angeles, Metropolitan Area and Lincoln Heights.  In the first half of last year, 247 properties sold, while only 189 have transacted successfully in the same period of 2019.  That’s more than a 30% drop in the number of transactions.  The median price has declined from $615,000 to $605,000 (a price drop of 1.65%).

Those who are thinking about making a move want to put more thought and strategy into making the most of L.A.’s shrinking real estate market.

Find out what the home down the street sold for

Find out what your neighbor’s loft sold for.

Get a free list of area home sales with photos, descriptions and actual competed sale prices for the best determination of property values. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

Lofts For Sale                Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE UNDER $500,000  |  $900,000  |   Top Luxury
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

loft-windows-view

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.

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Falling Home Prices – Bear Market for Real Estate – Boring Company’s Exciting Car Race

REAL ESTATE NEWS

The L.A. Loft Blog is known for delivering early, actionable news, bad and good, about urban home prices and the local economy. #dtla #homeprices

The mainstream news is usually at least 6 month behind behind because they generally rely on official government data, which is often too broad and too slow to be of much use here.  In fact the late news is often counter-productive because it give the population the idea that they should be cutting back right when it’s time to start investing for an upcoming real estate market boom, or after its too late to reduce costs for a coming downturn.

Some business reporters have been properly ahead of the pack with accurate predictions. These reliable soothsayers include David Haggith of Seeking Alpha. He bravely calls today’s real estate market “Housing Collapse 2.0” in his latest statistics-based article.  #real estate #market

CNBC helpfully brings another ahead-of-the-curve financial analyst hedgefund veteran, Mark Yusko of Morgan Creek Capital. He swiftly proclaims that “we’re already in a bear market,” projecting a shallow recession .  |  VIDEO

L.A. Transportation Tech News

Elan Musk’s Historic Boring Company Race

Regardless of the economy, few dispute that Los Angeles needs a major improvement to our clogged freeway system. Now, Elan Musk has proven beyond all doubt that Boring tunnels bring the right transportation solution today to ensure a fast future.  |  VIDEO

Musk wants to create some of his next high-speed tunnels right here near Downtown Los Angeles, right into Dodger Stadium.  The Dugout Loop tunnel will allow us to zoom to the West Side or Santa Monica in just a few minutes. This project must be green-lit right away if the DTLA community cares to receive a brilliant notation in transportation history.

Find out what the home down the street sold for

For Downtown L.A. and much of Southern California, the future is bright regardless of the fact that some home prices are falling.  Find out how much the home down the street sold for. 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 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.