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Downtown Los Angeles Real Estate Meets Goldilocks – Home Prices

Just the right size, just the right temperature?

REAL ESTATE MARKET NEWS (Downtown Los Angeles)  —  The August market report is in.  Is the Downtown L.A. economy just right, or is it the calm before the storm?  Let’s take a look at the August 2017/2018 numbers to create a clear picture.  #dtla #realestate #news

DTLA home owners and sellers are happy.  The price of Downtown real estate is higher in August of 2018 than it was during the same period a year ago. The average Downtown home price increased from $761,000 to $782,000.  The average condo is selling faster than a year ago as well. What took 67 days to sell last year took 64 days this year.

Prices are up a perfect 2.7%. The average selling price to average listing price ratio has dropped from 94% to 93%, which is just enough bad news to take the temperature from too hot to just right.  Better yet, the only other negative news is a smaller overall market with new listings dropping from 44 to 38, which can be good news for the few who want to sell.

Take a look at the Metro Downtown Market Analysis reports:
August 2017
https://www.themls.com/Share/YWFhYWpnZ2pj

August 2018
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Find out what the home down the street sold for
According to the numbers, the Downtown real estate economy is picture perfect, except for real estate professionals, who must compete more fiercely for their piece of a smaller pie, which shrank from total August volume of $33.5 million last year to less than $30 million in 2018.  We can clearly see good news that is reigned in by not-so-bad news.
The heat of Downtown Los Angeles real estate has been successfully turned down to a comfy temperature.  Goldilocks and the Downtown homeowners are perfectly warm and snug while the size of the average home price is just right — for the moment.
Find out what your neighbor’s loft sold for. Get a free list of recently sold homes with prices. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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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. Some numbers are rounded for simplicity. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.
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Unlisted Lofts with the Industrial or Live/Work Style You Search For Delivered

They say “What you don’t know won’t hurt you.” But once you find out you missed out on the Loft of your dreams you may just hurt the messenger.

Balance In A Live/Work Loft

Balance In A Live/Work Loft

#pocketlistings

They say “What you don’t know won’t hurt you.”  But it might wreck your day once you find out that someone else got your dream loft before you found out about it. People say. “if only I had known you were looking”.  Too late, someone else took your ideal place because they found out about it well before you found it online.   We all want to live in the nicest loft, condo or apartments possible, such as the Eastern Columbia Building, Market Lofts and Flower Street Lofts while getting the best deal on it. But the biggest secret in Downtown LA real estate is that up to 45% of the best deals are not listed with all of the real estate agents, and they are also not on the internet. They are called pocket listings, off-market or unlisted properties for sale and for lease. The good news is that it costs little or no money to get access to these amazing lofts and super deals. Get unlisted lofts, condos, and apartments in your email. Fill out the online form

Where are you dreaming of setting up home and shop in a Loft?  Leave a comment.

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

Unlisted Raw Lofts and Fixers
Get Access to Unlisted Raw Lofts and Fixers

Where are you dreaming of setting up home and shop in a Loft?  Leave a comment.

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.