Down on Downtown — Residents Leaving Southern California

BAD NEWS FOR L.A. REAL ESTATE

LOS ANGELES, CA (Is it worth it?)  —  After seeing the surveillance video of a Downtown pedestrian severely injured by a forceful shove from a vagrant into the path of a large truck, one must consider whether or not the costs of Downtown life are worth the rewards today.  Reports to the L.A. Loft Blog from Downtown real estate professionals indicate that the number of prospective home buyers has dropped significantly, while the number of residents moving out of Southern California has risen sharply over a few years ago. #dtla

Of the ten most recent sale or purchase transactions by the Corey Chambers Team, five were moving to Downtown Los Angeles. Six out of ten were moving to Los Angeles. Not too shabby, but compared to 2012, when nearly 100% of sales/purchases were people moving into Downtown Los Angeles, today’s real estate picture shines a bit less brightly for DTLA.  Of the recent ten moves, four of them were either moving out of DTLA or moving out of Southern California altogether. #realestatenews

MARKET SHIFTS AND STORMS

Five years ago, local real estate agents were extremely busy helping a huge influx of fresh faces move to lofts in Downtown Los Angeles. Today, the market has changed significantly. “More than 80% of our business is now helping repeat and referral customers, about half of them moving out of the area,” says Corey Chambers, “While the repeat business is great, and we’ve been able to attract offers for each and every one of our loft and condo listings, it is sad to see fewer buyers excited to move to Downtown Los Angeles now.” #realestatemarket

Chambers says he’s concerned about the number of residents moving out of California, but that these kinds of trends and cycles happen in real estate, and that the future for Downtown Los Angeles is very bright so long as residents, business and government can weather the storms while continuing to improve the quality of life in the center of the city. #sellhome

Find out what the home down the street sold for

SOLD:  Find out what your home is worth. Get a free list of recent Downtown Los Angeles home sales with prices, photos, descriptions, along with a list of currently active homes for sale. Fill out the online form:

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.

2018 Homebuyer’s Guide, Elan Musk Digs Downtown Los Angeles, New Homes

Boring Today, Exciting Tomorrow

Elan Musk Digs DTLA!  The greatest entrepreneur of our time is moving and shaking Los Angeles, and because a few dumb West L.A. rock huggers are hellbent on blocking his tunnel under the 405 freeway (AKA “The 7th Level of Hell”), Musk is instead expediting plans for his Boring Company to dig to Dodger Stadium, just 6 blocks from Alta Lofts in Lincoln Heights.  CNBC reports that, for just a buck, we’ll be soon be able to take a car elevator down to the tunnel, then zoom to LAX at 150 miles per hour instead of the current average speed during rush hour traffic of 15 miles per hour. Just 4 minutes between the stadium and LAX — that’s something to look forward to!

The highest attended sports venue in the world, Dodgers Stadium will also have a new gondola to Union Station.  #musk #boringtunnel  |  VIDEO

home-buyer-guide-winter-2018Thinking about buying a place?

The process of buying a home can be overwhelming at times, but you don’t need to go through it alone. You may be wondering if now’s a good time to buy a home… or if interest rates are gonna rise or fall. A free eGuide answers many questions. Things to consider when buying a home, the new Home Buyers Guide is now available. #homebuyer #guide

Get a free online copy.


NEW HOMES FOR SALE  – Get a free list of new homes near the high-speed tunnel. #dtla #newhomes  Fill out the online form:

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Home Buyer Guide Winter 2018
Home Buyer Guide Winter 2018

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.