Real Estate News – Downtown LA Market Report Update on Home Prices #dtla #lofts

Downtown Los Angeles home prices have stabilized in a normal upward trend for the last couple of years.

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The average recent sold home price in DTLA is $724,049 according to MLS statistics. The Arts District stands out with an average recently sold price above $945,000. The average Downtown loft owner has now gained about $300,000 of equity in the last 4 years. Owning a Downtown L.A. home has been recently more profitable than the average full time job in the U.S.

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As current and future home buyers struggle to find a good deal, most real estate shoppers are still missing up to 45% of the best deals, which are: unlisted lofts, pocket listings, raw lofts, Mills Actforeclosures, distressed properties, vacant condos and bank owned homes.  Prospective Downtowners can get access to these hard-to-find deals at no cost and no obligation to buy. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

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Copyright © 2016 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, seller 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 Distress Sales – Foreclosures, Short Sales, REO, Bank Owned, Company Owned in Los Angeles

Now that Downtown has been booming for four years, the good deals for buyers are still getting fewer and further between.

Arts District Pocket Listing
Arts District Pocket Listing

For example, there have been no foreclosures in the past six months.    There have been only two short sales during the same period:

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The good news is that there are also fixers, vacant, uncooperative tenants, pocket listings and other great deals in Downtown, many of which are distressed sellers. Get a free list of downtown distress sales and other bargains.  Fill out the online form:

Copyright © 2015 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 necessarily associated with the home owner’s association, seller 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.