Category: Real Estate Market

Posted on

Real Estate Market Crash Trends Los Angeles California

real-estate-market-crash-trends-los-angeles-dtla-c-2019-nov
Real estate market report for November 2019 – Crash trend in L.A.

REAL ESTATE NEWS

November numbers show a sustained down trend for lofts and condos in and around the Downtown Los Angeles area, including loft neighborhood Lincoln Heights. The number of listings fell slightly, properties took longer to sell, average and median prices dropped and the entire real estate market dollar volume plunged. Here are this year’s November numbers compared to the same month in 2018.

Buyers and sellers are both staying put longer, as the number of listings fell by 2.4%.

Homes are taking longer to sell, 18 days slower on average. While it only took 36 days last year, most home sellers found that their condos took 50 days to sell in November of 2019. Today’s home sellers must usually anticipate taking a couple weeks longer to sell their loft. | VIDEO

Fewer dollars are trading hands. The area saw about $4 million less in total real estate volume in November compared to the same period last year.

Find out what the home down the street sold for
Find out how much the home down the street sold for.

Get a free list of recently sold homes in any area, along with a list of homes recently listed for sale.

Fill out my 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 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.

Posted on

U.S. Foreclosures Jump

REAL ESTATE NEWS

The U.S. Housing Market Bubble Races Toward a Crash as Foreclosures Jump according to CCN.

Arts District unworried about the real estate market as artist Eric J Jones exhibits Downtown Los Angeles
Arts District unworried about the real estate market as artist Eric J Jones exhibits Downtown Los Angeles

Foreclosures in the U.S. housing market spiked in October.  While mortgage rates are near an historic low, home price growth has been outpacing wage growth. This prices buyers out of the market, bringing the likelihood of a nationwide price correction or crash.  While L.A. County has thus far had only a limited number of foreclosures, Downtown Los Angeles area condo prices have already dropped by more than 4% over the last 12 months.  As the cost of living has shot up, and homeless camps have spread across California, some wealthy, along with a great many middle class families have recently been packing up and moving away.  The L.A. Loft Blog has projected an additional 8% drop in Downtown area home prices over the next two years.

Find out how much the home down the street sold for. Get a free list of sold homes with prices, photos and details, along with a list of recently listed 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

Arts District unruffled by economic news as Robin and Dave Vengadasalam make an impression
Arts District unruffled by economic news as Robin and Dave Vengadasalam make an impression.

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.