Real Estate in Stagflation, Los Angeles Old Building, Corey Chambers Reviews

Corey Chambers Team Los Angeles Real Estate Ratings and Reviews at CoreyChambers.net

Stagflation has been recently experienced in the form of reduction in the size of of middle class, expansion of wealth for the top 1%, increase in the number of poor and homeless, damage to very large numbers of small and medium sized business, shortages in commodities and labor, increase in suburban house prices and reduction of urban condo prices. This bifurcation trend in real estate is expected to continue as the rich get richer and the poor get poorer in much of the U.S. The safest, more popular neighborhoods real estate prices shall continue to receive upward pressure from excess money supply, while the inner cities continue to bear the brunt of economic social distress. | Market Report


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Corey gave me a clear assessment of the market, and sound advice throughout the sales process. I was pleased by how quickly he pulled together marketing materials and by his openness to my input. The sale was a success — at asking price — and thanks to Corey’s clear and prompt communication, I felt I had all the transparency I needed to know that everything was going well. I would work with Corey again and recommend him to a friend. — Tucker Capps | MORE RATINGS AND REVIEWS


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Corey goes above and beyond. He is friendly and always professional. — Adam Stuart


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

Downtown Los Angeles Real Estate Market Report May 2021

The rich get richer while the poor get poorer in Downtown Los Angeles

REAL ESTATE NEWS | Blog Video

Downtown Los Angeles loft condo prices dropped in May, compared to the same month last year. Many more sellers attempted to unload their properties last month, but homes are taking an average of 12 days longer to sell. L.A. urban home buyers can enjoy better deals as most condos dropped in price by $35,000 or more. While most home prices fell, some of the most attractive properties actually went up in price as the well-to-do paid extra for large units that have lots of natural light, views and private outdoor space. This bifurcation between Median Price and Average Price occurs as the rich get richer and the poor get poorer. These numbers provided by real estate professionals MLS Multiple Listing Service for Downtown Los Angeles and nearby loft neighborhoods 23, 42 and 1375.

Number of Listings May 2020: 195 | May 2021: 244

Average Days on Market May 2020: 63 | May 2021: 75

Median Price May 2020: $585,000 | May 2021: $550,000

Average Price May 2020: $676,850 | May 2021: $716,132

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Median loft condo prices still falling in Downtown Los Angeles

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