URGENT Downtown Los Angeles Real Estate Market Report – September 2019 Prices Drop

September Homes Sales Take 70% Longer, Sell for $35,000 Less

REAL ESTATE NEWS ALERT – SPECIAL BULLETIN

Los Angeles, CA  —  Thinking about selling a Downtown loft or condominium?  Better allow more time to unload it —  a LOT more time.  The September year-over-year real estate market has shrunk significantly. Things are really slowing down. Homes are taking much longer to sell. The September median Days on Market is way up from the same month period in 2018.  Last September, it took most homes 40 days to sell, but last month, it took a staggering 68 days to sell a home in the loft neighborhoods around DTLA to Lincoln Heights.  The numbers from the MLS show that homes have been moving much slower in 2019 as compared to recent years. #realestate #market #news

The latest bubble seems to be deflating. Don’t expect too much money when selling over the next several years. Median price has dropped down substantially from $625,000 to $589,875. Sellers are getting 1% less of their asking price: On average, down from 96% Sep 2018 to 95% Sep 2019.

While falling prices may seem like bad news for sellers, those few who must buy a home over the next year or two are likely to find growing selection, more affordable prices and lower interest rates as the Fed shows unfettered willingness to accommodate.

Los Angeles is not alone. Real estate agents all over California have been reporting a cooling market for more than a year.  Other areas with even more dramatic recent home price drops include New York City, Hong Kong and London.  #dtla

Find out how much your neighbor’s loft sold for.

Get a free list of recently sold homes, along with prices, and a list of homes just listed for sale in the area.  CLICK HERE


How to Set Your Asking Price When Selling Your Los Angeles Condo

Downtown Los Angeles – When you decide to sell your home, setting your asking price is one of the most important decisions you will ever make. Depending on how a buyer is made aware of your home, price is often the first thing he or she sees, and many homes are discarded by prospective buyers as not being in the appropriate price range before they’re even given a chance of showing.
Your asking price is often your home’s “first impression”, and if you want to realize the most money you can for your home, it’s imperative that you make a good first impression.
This is not as easy as it sounds, and pricing strategy should not be taken lightly. Pricing too high can be as costly to a homeseller as pricing too low. Taking a look at what homes in your neighborhood have sold for is only a small part of the process, and on it’s own is not nearly enough to help you make the best decision. A recently study, which compiles 10 years of industry research, has resulted in a new special report entitled “Homesellers: How to Get the Price You Want( and Need)”. This report will help you understand pricing strategy from three different angles. When taken together, this information will help you price your home to not only sell, but sell for the price you want.
To hear a brief recorded message about how to order your FREE copy of this report call toll-free 1-800-791-4541 and enter 1016. You can call any time, 24 hours a day, 7 days a week.
Get your free special report NOW to learn how to price your home to your maximum financial advantage.

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.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.

Downtown Los Angeles MLS areas 23,42 and 1375.  Statistics PDF files are attached.

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Real Estate Market Los Angeles – Downtown Lofts, Condos Sold Prices and Top 10 Just Listed

New on the Market:  Top 10 Downtown Los Angeles Lofts and Condos Just Listed   #dtla #sold #homeprice

To 10 Condos Just Listed For Sale in Los Angeles
To 10 Condos Just Listed For Sale in Los Angeles

 

Beds
Baths  2.00 (2F 0T 0H 0Q)
1,360/VN Sq Ft
$439.71 $/Sq Ft
Lot Size: 69,592/VN
Year Built: 2006
Area: 1375
HOA Fee 1&2: $496.09 (Monthly)
MLS #: 19-513948

Listing Photo
Beds
Baths  2.00 (2F 0T 0H 0Q)
1,290 Sq Ft
$657.36 $/Sq Ft
Lot Size: 91,244
Year Built: 2007
Area: 42
HOA Fee 1&2: $555.00 (Monthly)
MLS #: WS19225404MR

Listing Photo
Beds
Baths  1.00 (1F 0T 0H 0Q)
990/VN Sq Ft
$671.72 $/Sq Ft
Lot Size: 41,205/VN
Year Built: 2007
Area: 42
HOA Fee 1&2: $820.86 (Monthly)
MLS #: 19-507908
Listing Photo
Beds
Baths  1.00 (1F 0T 0H 0Q)
975/VN Sq Ft
$897.44$/Sq Ft
Lot Size: 31,720/VN
Year Built: 1925
Area: 42
HOA Fee 1&2: $629.00 (Monthly)
MLS #: 19-508816
Listing Photo
Beds
Baths  1.00 (1F 0T 0H 0Q)
770/AS Sq Ft
$681.82 $/Sq Ft
Lot Size: 38,308/AS
Year Built: 1922
Area: 42
HOA Fee 1&2: $602.00 (Monthly)
Subdivision: Cornell at Santee Village
MLS #: 19-511042

Listing Photo
Beds
Baths  1.00 (1F 0T 0H 0Q)
754/AS Sq Ft
$688.33 $/Sq Ft
Lot Size: 83,397/AS
Year Built: 1983
Area: 42
HOA Fee 1&2: $698.00 (Monthly)
MLS #: 19-511788

Listing Photo
Beds
Baths  1.00 (1F 0T 0H 0Q)
660/VN Sq Ft
$800.00 $/Sq Ft
Lot Size: 65,428/VN
Year Built: 2009
Area: 42
HOA Fee 1&2: $243.74 (Monthly), $57.42 (Monthly)
MLS #: 19-509648

Listing Photo
Beds
Baths  1.00 (1F 0T 0H 0Q)
563/DV Sq Ft
$863.23 $/Sq Ft
Lot Size: 98,911/VN
Year Built: 2018
Area: 42
HOA Fee 1&2: $701.32 (Monthly)
MLS #: 19-514374

Listing Photo
0Beds
Baths  1.00(1F 0T 0H 0Q)
470/ASSq Ft
$891.49$/Sq Ft
Lot Size: 30,787/AS
Year Built: 1912
Area: 42
HOA Fee 1&2: $504.26 (Monthly)
MLS #: 19-512792

Listing Photo
0Beds
Baths  1.00 (1F 0T 0H 0Q)
464/VN Sq Ft
$786.63 $/Sq Ft
Lot Size: 15,922/VN
Year Built: 1911
Area: 42
HOA Fee 1&2: $493.00 (Monthly)
MLS #: 19-512108

Top 10 Recently Sold

 

Listing Photo
1Beds
Baths  1.00(1F 0T 0H 0Q)
500/PRSq Ft
$750.00SP $/Sq Ft
Lot Size: 27,285/PR
Year Built: 1923
Area: 42
HOA Fee 1&2: $220.00 (Monthly), $0.00 (Monthly)
MLS #: SR19147966CN

Listing Photo
0Beds
Baths  1.00(1F 0T 0H 0Q)
730/ASSq Ft
$546.58SP $/Sq Ft
Lot Size: 76,377/AS
Year Built: 1922
Area: 42
HOA Fee 1&2: $482.09 (Monthly)
MLS #: 19-497468

Listing Photo
0Beds
Baths  1.00(1F 0T 0H 0Q)
481/ASSq Ft
$829.52SP $/Sq Ft
Lot Size: 0/OT
Year Built: 1968
Area: 42
HOA Fee 1&2: $496.00 (Monthly)
MLS #: 19-486326

Listing Photo
0Beds
Baths  1.00(1F 0T 0H 0Q)
670/VNSq Ft
$835.82SP $/Sq Ft
Lot Size: 27,098/VN
Year Built: 1986
Area: 42
HOA Fee 1&2: $911.14 (Monthly)
MLS #: 19-480090

Listing Photo
0Beds
Baths  1.00(1F 0T 0H 0Q)
790/ASSq Ft
$618.99SP $/Sq Ft
Lot Size: 74,818/AS
Year Built: 2006
Area: 42
HOA Fee 1&2: $697.30 (Monthly)
MLS #: 19-457322

Listing Photo
0Beds
Baths  1.00(1F 0T 0H 0Q)
750Sq Ft
$726.00SP $/Sq Ft
Lot Size: 38,308
Year Built: 1922
Area: 42
HOA Fee 1&2: $597.00 (Monthly)
MLS #: BB19181770MR

Listing Photo
1Beds
Baths  2.00(1F 0T 1H 0Q)
1,368/VNSq Ft
$434.76SP $/Sq Ft
Lot Size: 44,570/VN
Year Built: 2003
Area: 42
HOA Fee 1&2: $944.00 (Monthly)
MLS #: 19-462038

Listing Photo
1Beds
Baths  2.00(1F 0T 1H 0Q)
1,200/VNSq Ft
$532.50SP $/Sq Ft
Lot Size: 38,727/VN
Year Built: 2005
Area: 42
HOA Fee 1&2: $777.00 (Monthly)
MLS #: 19-497954

Listing Photo
2Beds
Baths  2.00(2F 0T 0H 0Q)
1,220Sq Ft
$668.00SP $/Sq Ft
Lot Size: 43,170
Year Built: 1923
Area: 42
HOA Fee 1&2: $480.00 (Monthly)
MLS #: CV19117815MR

1Beds
Baths  1.00(1F 0T 0H 0Q)
1,310Sq Ft
$679.39SP $/Sq Ft
Lot Size: 0/OT
Year Built: 1966
Area: 23
HOA Fee 1&2: $504.00 (Monthly), $0.00 (Monthly)
MLS #: 819002142IT

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Find out what the home down the street sold for

Find Out How Much the Condo Down the Street Sold For

Get a free list of recently sold properties. Fill out the online form:

 

Top 10 Downtown Los Angeles Lofts Sold
Top 10 Downtown Los Angeles Lofts Sold

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.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.