Category: Home value

Posted on

Downtown Los Angeles Real Estate Market Report January 2022

REAL ESTATE NEWS — Urban L.A. real estate prices shot up dramatically at the end of 2021. Is the upward trend continuing in the beginning of 2022?

Statistics show that January 2022 continues the upward trend that was revealed over the last few months. Last month saw a dramatic increase in homes sold, along with a $50,000 gain in price. Homes sold much faster as well.

January 2021: 188 homes sold; Median Days on Market 55; Median Price $544,500
January 2022: 264 homes sold; Median Days on Market 32; Median Price $599,500

Numbers are based on TheMLS statistics for loft neighborhoods around Downtown Los Angeles 23, 42 and 1375 as compared to the same period of the previous year.

HOW MUCH IS YOUR HOME WORTH?

Find out how much your loft, condo or house is worth only. Get a free list of recently sold comparable nearby properties, with photos and details, along with a list of currently active homes 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 | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

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

Posted on

Downtown Los Angeles Real Estate Market Report December 2021

Downtown L.A. home prices continue to rapidly recover

REAL ESTATE NEWS — The preceding two months delivered dramatic news — a sudden leap in Downtown L.A. residential property prices. Does December corroborate the giant leap in urban L.A. home prices depicted in our October and November reports?

2020: 29 sold, Average Days on Market 88, Median sold price $550,000, $607,668 Avg

2021: 45 sold, Average Days on Market 57, Median sold price $630,000, $723,544 Avg

Last month saw 55% more Downtown homes sold, average home sold 65% faster, for $115,876 higher sold price on average, based real estate professional Multiple Listing Service for Downtown and nearby loft neighborhoods MLS areas 23, 42 and 1375. We can clearly see that December has corroborated the substantial recovery that the Loft Blog reported in October and November of 2021. | HOW MUCH IS MY HOME WORTH?

Get a free list of Arts District lofts for sale or lease. 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

Downtown LA property owners benefit from inflation

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