Downtown Los Angeles Real Estate Market Report August 2022

The numbers are in, and the property market in August demonstrated a downturn in the L.A. urban housing market, even as luxury real estate prices continue to rise.

2022: # of listings 42; Avg Days on Market 60; Median Price $575,000; Avg Price $820,119; Total Volume $34 million

2021: # of listings 56; Avg Days on Market 54; Median Price $585,000; Avg Price $719,541; Total Volume $40 million

This year shows the market has fewer sellers wanting to sell; homes taking longer to sell; most homes selling for less money, while the best, most expensive homes went up in price; and less money being transacted for homes in 2022, according to MLS statistics for DTLA and surround loft neighborhoods. Stagflation continues. The market is faltering for the middle class, but the rich are spending more than ever.

Find out how much the loft down the street sold for. Get a free list of recently sold properties 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, 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.

Downtown Los Angeles Real Estate Market Report July 2022

REAL ESTATE NEWS (Los Angeles, CA)The July numbers are in, and they are telling. Last month, the Loft Blog reported that rents and home prices were still going up around Downtown L.A. Let’s take a look to see if that’s still happening in the July 2022 property market. Average price is way up!

2021: 48 listings; Average Days on Market 47; Median Days on Market 37; Median Price $525,000; Average Price $568,216

2022: 42 listings; Average Days on Market 50; Median Days on Market 25; Median Price $627,000; Average Price $939,245

Continuing the trend that we’ve seen for many months, fewer sellers are selling, fewer buyers are buying, and prices are up sharply. Stagflation continues. The major trend of inflation and economic stagnation are easy to see in Downtown LA.

Find out what your neighbors condo sold for. Get a free list of recent home sales, along with a list of homes currently listed 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 with information provided by Corey Chambers, Reali, Inc, 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.