REAL ESTATE NEWS
In July of 2020, the median sold price was $565,000. Compare that to July 2019 median sold price of $588,000. The price dropped by $23,000. This year, sellers were in more of a rush to sell. Downtown L.A. area urban lofts and condos sold in 57 days in July of 2019, but sold in just 9 days as sellers were in more of a rush to unload properties this July (median DOM days on market, MLS areas 23, 42 and 1375). #home #prices
CIVIL UNREST IN THE CITY
KTLA Channel 5 television news shows demonstrations continuing in Downtown L.A., with many renters saying they are behind in rents, and demanding cancellation of rents due. Commercial investors report significant losses caused by shrinking retail, but most residential landlords say that their tenants are still paying rent largely on time in.
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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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker. #realestate #market