Category: Prices

Posted on

Downtown Los Angeles Real Estate Market Report | Prices of Today’s Pending Home Sales

REAL ESTATE NEWS (Los Angeles, CA) — What’s really going on with lofts and condos around here? For a real, accurate revelation of the whole truth, here’s a look at exactly what Downtown L.A. home buyers and sellers are transacting right now. Many are unaware that DTLA property values are quite low today in comparison to long-term historic trends, urban home prices are low in comparison to suburban prices and very low when future runaway inflation is accounted for. Take a look at what properties are currently trading hands. Below is a link to twenty of the most typical urban LA properties under contract, representing what is in escrow at this very moment: | PDF

PENDING DTLA HOME SALE TRANSACTION REPORT:
https://www.themls.com/Share/YWFiZ2VjZGZi

Get a free list of live/work lofts in Los Angeles. 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. | PDF

Posted on

Los Angeles Real Estate Market Report: Downtown Rent Prices Reveal Stagflation

REAL ESTATE NEWS (Los Angeles, CA) — How’s the real estate market doing? Are prices up or down? Let’s take a look at how leased property statistics of April of 2021 compare to the same month in 2022. The difference is striking, according to real estate professional multiple listing service statistics for Downtown L.A. and nearby loft neighborhoods MLS areas 23, 42 and 1375. Rent prices are up significantly, while the number of transactions is down notably.

April 2021: 109 units leased, Days On Market Avg/Med 67/52, Price Med/Avg $2,694 / $2,904 Total volume $316,565

April 2022: 69 units leased, Days On Market Avg/Med 47/18, Price Med/Avg $2,800 / $2,994 Total volume $206,592

Stagflation is the name of the game in Downtown LA real estate when it comes to properties for lease. The last 30 days saw dramatic increases in price inflation for rental properties, as compared to the same period last year. Inventory has shrunk also.

These figures may reveal the impotence and backfiring of socialist-style mandates and tyrannical policies such as rent stabilization, virus hysteria and lockdown. The market responded to both with very substantial stagnation in the form of a slow down in transactions, yet with serious inflation realized as a sharp increase in costs to renters in the DTLA area. Clearly, there’s nothing stabilizing about government over-reaction and overreach. Along with gold, commodities, quality stocks and blockchain cryptocurrencies, home ownership continues to be among the best protections against stagflation.

Get a free list of lofts for 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

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.