Category: home prices

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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

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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.

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Sell Your Home For One Dollar and Reap Maximum Profits

REAL ESTATE NEWS (Los Angeles, CA) — Negotiation on the price of a home is a powerful tool, especially when there are multiple offers. Many listings agents try to pick a low price to interest buyers, but not so low as to freak out the seller. We see a new trend in setting prices extra low, and letting the market bid up to the price buyers are willing to pay. Sellers are often surprised that this tactic gets them top dollar for their homes. A lower asking price works so well because it attracts more buyers and more excitement. Most home buyers know that home prices sell for above asking price if the asking price is low.

California home sellers have no obligation to sell at any advertised price. There’s no legal or moral obligation to sell a home in California until the buyer and seller agree on the price and terms in writing. A lower asking price removes barriers to more buyers, creates enthusiasm for the property, compels more buyers to place offers, thus delivers an ultimately higher selling price.

Would you list your home for a dollar to raise interest? #comment

Get your home price projection report here. Fill out this 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

#1dollarhouses #sellhomessmarter

A lower listing price attracts more views, more buyers, more excitement and a higher selling price.

Copyright © This free information is provided courtesy of L.A. Loft Blog with the 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. EAC22072902KT Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.