How much did these new Downtowners pay for their lofts, condos and apartments? And how do they like them? #sold #homes #dtla
It’s so exciting to move into a new loft because they offer so much space for so many possibilities. Lofts are a big box like a 3-dimensional canvas that allows for great creativity and more flexible lifestyle for live/work, entertaining or just relaxing at a very special private space after a long day of work. This NCT 2-level penthouse was snapped up by an L.A. Loft Blog reader. The extra large corner unit loft
with lots of big windows and a real bedroom, all in a genuine historic loft building with a fantastic rooftop deck. Rental #prices range around $2,000 to $6,000 per month for lease.
Alana recently moved into her historic 2-story loft abode, and fell in love with the atmosphere and views.
L.A. Loft blog readers are picky, and they demand an excellent location and exceptional character in a home. Historic and industrial lofts of Downtown provide that chic, hip style with super practical open floor plans, in great walking areas near shops, restaurants, bars, pubs, entertainment and transportation. | LOFTS FOR LEASE
Doug Nasr just moved into his 3-bedroom, 2-story condominium unit at River House. He’s enjoying his sparkling new construction townhome with a private balcony and park views next to the revitalizing Los Angeles River and Marsh Park. Best of all, he got wood flooring, and saved thousands of dollars off the price and upgrades by taking advantage of a free home buyer protection program. River House condos sold for $499,000 to $899,000. | NEW HOMES
HOME SELLERS: Find Out What the Loft Down the Street Sold For
Find out what homes recently sold around Downtown Los Angeles, and how much the buyers paid for them. Get a free list of area home sales with prices and photos, along with a list of currently available homes for sale. Fill out the online form:
Which of These Costly Homeseller Mistakes Will You Make When You Sell Your Downtown Loft? #dtla #home #price
Downtown L.A. – A new report has just been released which reveals 7 costly mistakes that most homeowners make when selling their home, and a 9 Step System that can help you sell your home fast and for the most amount of money.
This industry report shows clearly how the traditional ways of selling homes have become increasingly less and less effective in today’s market. The fact of the matter is that fully three quarters of homesellers don’t get what they want for their homes and become disillusioned and – worse – financially disadvantaged when they put their homes on the market.
As this report uncovers, most homesellers make 7 deadly mistakes that cost them literally thousands of dollars. The good news is that each and every one of these mistakes is entirely preventable. In answer to this issue, industry insiders have prepared a free special report entitled “The 9 Step System to Get Your Home Sold Fast and For Top Dollar”.
To hear a brief recorded message about how to order your FREE copy of this report call toll-free 1-844-837-3308 and enter 1000. You can call any time, 24 hours a day, 7 days a week.
Get a free special report NOW to find out how to get the most money for a Los Angeles home. Home sellers can also find out what the home down the street sold for by requesting a free list of lofts, condos and houses that recently sold nearby. Fill out the online form:
Asking prices for homes in Los Angeles can be very high, just right or even very low as compared to the SP final sale price. That’s why it’s necessary to look at the sold price of homes that closed escrow recently in the neighborhood. By seeing what really sold, buyers and sellers can quickly get caught up with what’s happening in the local real estate market, and the real home price and value can be determined. Below is a list of lofts and condominiums that sold this week around Downtown L.A. #sold #homes #dtla
Market Report: Los Angeles Home Prices Have Room to Grow
Real Estate publication Keeping Current Matters, Zillow-sponsored Pulsenomics real estate industry panel and NAR the National Association of Realtors have concurred with each other to dispute some industry pundits who claim that residential home values have risen too quickly and that current levels are on the verge of another housing bubble.
Panelists surveyed by Zillow said they expected home values to end 2016 up 4.5 percent year-over-year, on average, and for the median U.S. home value to exceed its pre-recession peak by November 2017. A majority of panelists with an opinion said markets in the middle of the country were likely to regain popularity compared to coastal markets in coming years as cost-conscious employers start creating more jobs in Middle America.
A marked shift in fortunes between coastal America and Middle America since the housing recovery began – rapid growth in the former, stagnation in the latter – is likely to eventually reverse as cost-conscious companies look for cheaper places to grow, according to a panel of more than 100 experts.
The Q3 Zillow Home Price Expectations Survey, sponsored by Zillow and administered by Pulsenomics LLC, asked a panel of 113 economic and real estate experts nationwide to offer their expectations for home value growth through 2020. The survey also asked the experts to share their views and expectations on changing dynamics in the middle of the country versus the coasts and in urban versus suburban communities.
The L.A. Loft Blog would change the word “Definitely” to the word “Probably” to give a more accurate depiction of statistical likelihood. Market cycles are never definite; just ask former Fed Chairs Alan Greenspan and Ben Bernanke. The L.A. Loft Blog agrees that there will likely be no major downturn in home prices over the next several years because we have not experienced extended record high prices recently like we had preceding the great depression and great recession. In fact, we have more of a Japanese and European style of prolonged artificially low interest rates. That is more likely to cause overall economic stagnation, which does not require a dramatic drop in real estate prices. Additionally, Downtown Los Angeles outperformed the rest of the country for many years because of DTLA’s unique, dramatic renewal and transformation from blight to luxury. In the current market, it’s all about finding the best deal.
The good news is that it is easy and free to get access to special deals such as pocket listings and other unlisted bargains for sale. Get Downtown LA Pocket Listings Information in your email. Fill out the online form:
Find Out What Your Downtown Los Angeles Home Is Really Worth! #homeevaluation
FREE Quick Online Home Evaluation
Knowing what your loft, condos or house is worth is important information to have if you are thinking of selling your home.
By providing your address and a brief description of your home, the system will conduct a thorough comparative market analysis by searching the database for similar homes listed or sold in your area.
With this current market data, you will be able to determine what your home might sell for if you decided to put it on the market. For a free, quick home evaluation, call Corey (213) 880-9910 or for free recorded information, call the 24-hour hotline at 1-800-791-4538 ID#1072.
Find out what the loft down the street sold for. Get a FREE list of recent condo sales in Downtown Los Angeles. Did you know that up to 45% of Downtown lofts sold in the last three years were off-market, unlisted and other pocket listings not on the MLS? To receive a detailed listing of all recent home sales and all active listings in your area, visit http://www.lacondoinfo.com/gold_findout.asp, CLICK HERE or fill out the form on this page.
*Seller and Corey must agree on price and date of possession. Realty Source Inc BRE#01889449
P.S. Your Referrals Help The Kids! $125 donation goes to help the extraordinary kids in need at Childrens Hospital Los Angeles on every home we sell this year. Help us help Childrens. Who do you know considering making a move that would benefit from the services we provide? Call me at 213-880-9910 with their contact info, or have them contact me. You can also visit http://www.ReferralsHelpKids.com. Thank you in advance!
The homeowners of 1100 Wilshire got what they asked for, but apparently paid an extremely hefty price.
CORRECTION: The L.A. Loft Blog incorrectly reported that Chase Bank purchased or leased control of 1100 Wilshire guest parking. The L.A. Loft Blog has since learned that the former guest parking is primarily controlled by the commercial space owner Wilshire Commercial LLC. The free guest parking was lost in connection with ongoing litigation between 1100 Wilshire Property Owners Association and Wilshire Commercial LLC.
Some homeowners have since complained that the problems mentioned in the L.A. Loft Blog (loss of guest parking and reduced maintenance) are caused, not by Chase Bank, but by a rogue homeowners board that has launched expensive lawsuits without majority homeowner approval. The homeowners board and management believe that they are working in the homeowners best interests to reverse adverse impacts to the homeowners caused by actions of Wilshire Commercial LLC.
What is, for the moment, still among the most respected buildings in the Downtown Los Angeles area has been trying for years to get all of its 3 or so commercial spaces filled up with businesses. Everything was going great until they gave away the farm to Chase Bank. (Lesson learned: Always be very cautious when dealing with banks because they are naturally the best swindlers out there — for banks, it really is all about the money). Now Chase affects 1100 Wilshire, which you can easily see after they pulled down the 1100 sign, replacing it with the Chase sign. The sad result so far is that the extra money from Chase does not appear to cover the cost of all of the extra wear and tear on all of the interior areas from the parking and elevator halls to the once-pristine lobby, which is not so pristine any more. There is so much soil and wear from the foot traffic, that busy maintenance crews now appear to have trouble keeping up. Worst of all, LA Loft Blog sources say that the HOA actually lost control of its valuable, once plentiful guest parking to the retail owner due to ongoing litigation with the building’s retail space owner Wilshire Commercial LLC. It’s now a lot harder to have visitors over, so the once-social residents must now kiss their many friends goodbye.
Now the Chase problem is unfortunately only the beginning of 1100 Wilshire’s woes. Homeowners recently called an emergency meeting to try to come up with a strategy to prevent the future blockage of 1100 Wilshire’s pool deck by the upcoming 36-story behemoth Bixel Tower. 1100’s glorious 17th floor sundeck with high-end infinity pool, outdoor kitchens, hot tub spa with views, private party patio, cabanas and fire pit, the entire 17-th floor rooftop sun deck and south-facing units could soon be blacked out by the upcoming Bixel Tower. This will block the natural light and views, thus diminish the property values of 1100 Wilshire condominiums.
Our guess is that the residents of 1100 Wilshire, angry at recent results of dealings with Wilshire Commercial LLC and Chase Bank, will vent their frustrations at Bixel tower, perhaps putting a damper on Bixel’s sky-high aspirations.
Find out what Downtown loft and condo buildings are involved with lawsuits and litigation. Fill out the online form:
How much is your home worth in today’s market? Find out the value of your Downtown loft, L.A. condo or house anywhere in Southern California. Get a free personalized report.
Get a free, online Comparative Market Analysis (CMA) report, specific to your home. Every home is unique, and each neighborhood is different. The report includes maps showing locations of recently sold homes, market activity and extra neighborhood information.
Those who are thinking of buying or selling a loft or condo in Downtown LA often start by trying to determine today’s selling prices and market values of properties. Sellers wonder if their property will sell for more or possibly less than the price that nearby properties sold for. How about the current asking price of properties? Are the sellers asking too much or will the properties sell for more than the seller is asking for?
When it comes to DTLA home prices, the biggest problem for both sellers and buyers is that it is relatively easy to find the asking price of properties on the internet, but usually difficult to find the sold prices. Real estate professionals actually use the prices of comparable recently sold properties to determine today’s value and potential selling price of real estate. The asking price (or list price) is very often too low or too high, although occasionally just right.
Los Angeles home prices have seen strong gains of the past several years. Downtown prices of course outperformed the rest of Los Angeles County, Orange County and across the U.S.
National figures are not as impressive recently. Sales of nationwide previously owned homes dropped recently.
The National Association of Realtors reported that pending sales fell last month.
Downtown LA provides the happiest story because local homeowners gained an average $48,711 in home value since last year. The naysayers who said a year ago that Downtown prices were “too high” have again been proven wrong. Downtown has yet again out-performed the surrounding area and the nation. Downtown Los Angeles home prices rose significantly in the 12 months over the previous year.