Category: home values

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Downtown Los Angeles Real Estate Market Report October 2022

REAL ESTATE NEWS (Los Angeles, CA) — The latest number are in. Did loft prices go up or down last month? In the midst of stagflation, the local real estate numbers are dropping. It’s a full on real estate crash in Downtown Los Angeles. Here’s the scoop:

47 listings in October 2021. Down to only 21 listings in Oct 2022.

43 average Days On Market October 2021. 63 DOM in Oct 2022.

21 median DOM Oct 2021. 53 median DOM in Oct 2022.

Median price $560,000. Down from $589,000 last October.

Average price was $677,104 in Oct 2021. Average price $662,600 in Oct 2022.

The total market size has dropped to less than half of last year, as most potential sellers decide not to sell. Properties take more than 50% longer to sell.

Get a free list of live/work lofts new listings for sale or for lease in the Greater Los Angeles Area. 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, Broker 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. | PDF: Market October 2021 | Market October 2022

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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]

  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, 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.