SAVE $50,000 on a Downtown Los Angeles Loft or Condominium – Real Estate Black Friday Sale

Black Friday Sale on Downtown L.A. Lofts until December 31, 2017

Black Friday Sale Downtown Los Angeles Lofts and Condos
Black Friday Sale Downtown Los Angeles Lofts and Condos

REAL ESTATE NEWS:  The best deals on Downtown LA lofts have always been during the holidays, when the smart, savvy buyers take advantage of the fact that most competing buyers are out of the market and not in the game during the holiday season.  And WOW!!!!  When’s the last time we saw a Black Friday sale with $50,000 off? This is a holiday sale that investors will absolutely love. Those who are considering buying a home in November or December are in the minority because humans are like lower animals in that they make fewer big moves during the winter. For the few who are thinking about moving or investing in a property, the time between Halloween and New Year’s Eve can be the very best time to get a super deal because there are fewer competing buyers.  When an offer is placed on an amazing loft, condominium or house during this time, the offer is more likely to be accepted.  Beginning January 2, everything changes. The inventory only goes up a tiny bit, while the number of buyers explodes in DTLA. For those who wait until after the new year to get started, they will find themselves caught up in an exciting (and expensive) auction effect that drives up prices due to the large number of buyers trying to outbid each other.  #blackfriday #lofts #dtla

$50,000 Home Purchase Savings Guarantee
For those homebuyers who not only want to find the home that perfectly suits their needs and desires… but to also purchase their dream home for the lowest possible price: Accomplish both of these goals; and here’s how it works:

Purchase a home for at least $50,000 less than the listed asking price guaranteed, or get $6,000 cash at the closing of the sale. This guarantee applies to homes over $800,000 going into escrow by Dec 31, 2017.

That’s pretty straightforward isn’t it?

This offer will not last. To get details on how to get the Black Friday $50,000 Home Purchase Savings Guarantee, request more info filling out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Lofts For Sale Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE UNDER $500,000 | $900,000 | Top Luxury
Browse by Building | Neighborhood | Size | Bedrooms | Pets | Parking

Black Friday Sale for Downtown Lofts
Black Friday Sale for Downtown Lofts

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.

What Your Buyer’s Agent Doesn’t Want You To Know – Buying Without a Broker

Real Estate News  —  The Death of the Buyer’s Agent

The statistics in this L.A. Loft Blog post will surprise and shock home buyers and real estate agents alike. Realtors who specialize in helping buyers are facing a diminished financial future as buyers are feeling more empowered by the internet to find homes on their own. #buyersagent #homeprices

Death of the Buyer's Agent
Death of the Buyer’s Agent

While using a buyer’s agent is not a legal requirement for purchase of a home in California, nearly 100% of transactions involve getting help from a buyer’s agent, listing agent or attorney. For a good chance of a successful purchase, the offer needs to be written up properly, with sufficient supporting documents so that it can be seriously considered by the seller.  Most buyers choose to find and use their own agent who specializes in helping buyers and who can be dedicated to helping the buyer to find the right home, then to negotiate the best price and terms that are in the buyer’s best interest. Because technology is improving, a growing number of buyers are finding their own on real estate websites, and then contacting the listing agent without getting help from a buyer’s agent.

The Los Angeles Times reported on why some buyers are ditching the real estate agent and turning to start-ups and other websites for help instead. In the past, real estate agents had exclusive access to much real estate information that home buyers could not get themselves. But today, property listings, photos, recently sold prices, school ratings and neighborhood information such as crime rates are available free on the internet. For some assertive buyers, that’s an invitation to bypass an agent and, in the process, try to negotiate some of the 2.5% to 3% that is commonly paid to the buyers agent. Why not ask for some of that to be applied to lowering the purchase price if no buyer’s agent is being utilized? There are some new websites that specialize in helping buyers with an online platform. Some, such as Open Listings represent the buyer and then rebate half of the selling agent’s commission to the buyer.

Even with the latest technology to help buyers (92% of buyers use the Internet during their home search according to National Assn. of Realtors), most decide to use a buyer’s agent so that they won’t risk missing out on the perfect home, and they want the most powerful negotiator that comes from a full-service, fully-compensated agent who will creatively overcome the many tricky hurdles that are typical with most California real estate transactions. Most buyer choose to hire good representation because they know that there is not enough inventory in today’s market, often too many buyers who they must compete with who are using the best strategies and tactics to get the best home for the least amount of money.  Then, if lucky enough to beat out the other buyers to the best deals, the buyer must then face an adversarial seller who is represented by a clever listing agent employing every strategy in their arsenal to extract as much money from the buyer as possible on the seller’s terms. Most buyers know intuitively that a cut-rate service could be risky, especially in a sophisticated area like Los Angeles, and buyers want the best help possible representation when the difficult rivals, problems and questions present themselves in a real estate transaction.

Buyer's Agents Feel Squeeze of Technology
Buyer’s Agents Feel Squeeze of Technology

These questions include: How do I find the listing agent? How do I get just the right properties that match my criteria in my email every day as soon as they come on the market? How do I find the real bargains that are not on the internet? How do I see new homes under construction? How can I put in an offer with an escalation clause? Where can I find the special deals like distressed properties, raw lofts, REO, foreclosures, auctions, bank owned, for sale by owner, expired listings, company owned, estate sales, probate sales, homes falling out of escrow, homes falling out of contract, expired listings, listings on hold, vacant homes, divorce sales, auctions, pre-auctions, pre-foreclosure, off market properties, private listings, unlisted homes for sale, pocket listings, need-to-sell-now homes, unclaimed homes, upcoming new loft conversions and homes for sale by sellers who do not want to pay an agent? Many of these deals are missed by buyers with or without an agent.

Shocking Facts About Buyer’s Agents – Homes Sell Faster Without ‘Em

The reality of today’s real estate market is that the buyer’s agent is slowly diminishing in necessity. Possibly because they are actually slowing down home sales.  As a matter of fact, the big real estate news today is that homes now sell faster when the buyer’s agent is offered less commission. Yes, you read that correctly.  Homes now sell faster when the seller and listing agent share less money with the buyer’s broker.  We could not believe it when some leading real estate coaches and brokers recently told us, so we ran the recent numbers for the local Los Angeles market. Higher CSO shared commission to buyer’s agent of 2.6% or more resulted in an average of 70 days on the market, while a lower CSO of 2.4% or less delivered a sale in just 57 days on average during the same 6-month period based on TheMLS data. Of course, the average home sold for significantly less money with a lower average sold price when the shared commission was lower.

Lower CSO brings faster home sale
Lower CSO associated with faster home sale
Higher CSO correlates with slower home sale
Higher CSO correlates with slower home sale

While most prospective home buyers search the internet themselves first, most of them still ultimately prefer to use a buyer’s agent because that way they can feel confident that a trusted professional is on their side exclusively, they can get all of the pros and cons, and the seller pays for it.

Hard-to-Find Bargains DTLA  –  Find out where they are.   —  Get a free list of the best DTLA loft and condos investments with best prices and special deals. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Lofts For Sale Map Homes For Sale Los Angeles

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Less Commission to Buyer's Agent Get Faster Sale
Less Commission to Buyer’s Agent Results in Faster Sale

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.

Downtown Los Angeles Lofts Under $500,000 Top 10 Most Affordable Loft Buildings

Real Estate News  —  Comparing the Lowest Priced Lofts in DTLA

Beacon Lofts Affordable Homes in Arts District / Little Tokyo
Beacon Lofts Affordable Homes in Arts District / Little Tokyo

The L.A. Loft Blog recently reported that Downtown L.A. homes sold at a median price of $619,500 with 42 days on market. Since many buyers need to spend less than that, this post will compare and contrast the lowest priced loft buildings in Downtown LA.   #dtla #realestatenews

TOP 10 PLACES WITH THE BEST DEALS

For those who need to get more for less, there are ten buildings that are most likely to be in the running.  Starting with the best deals, the lowest asking prices and lowest HOA dues, here is a quick comparison of the pros and cons so that prospective Downtowners and investors can find the right match at a glance:

Spacious historic loft with private balcony
Spacious historic loft with private balcony

SB Grand 312 W 5th St – Lowest price per square foot and lowest HOA dues. Popular location by Pershing Square in the Historic Core. Rooftop pool and hot tub spa. 24-hour front desk security concierge. Incomplete financials, lots of chaos and commotion outside, high renter ratio, litter, plumbing issues, lender issues.

Little Tokyo Lofts 420 S San Pedro St – Best deal on a Mills Act historic industrial loft that includes covered parking, free guest parking, swimming pool, hot tub spa, BBQ and 24-hour security of gated complex. Across the street from homeless shelters and tents. Water intrusion. Mental clinic in the building.

Textile Building 315 E 8th St – Beautiful Mills Act historic building with big windows, natural light, views and convenient parking. Rooftop deck. Near Skid Row. Leasing restrictions. Noisy intersection.

Eckardt Building 738 S Los Angeles St – Mills Act historic industrial building with all of the amenities and patrolling security guards near lots of shopping and dining. Most affordable units have parking a block away in Skid Row. Water intrusion.

Cornell Building 746 S Los Angeles St – Mills Act historic industrial building with all of the amenities and patrolling security guards near lots of shopping and dining. Rooftop BBQ lounge. Most affordable units have parking a block away in Skid Row.

Higgins Building 108 W 2nd St – Beautiful clean, safer neighborhood across from police headquarters, Mills Act historic building has rooftop deck with dramatic up-close skyline views. Restaurants in building. Parking not included. HOA special assessment cost.

Bartlett Building 215 E 7th St – Central walkable location, Mills Act historic building has rooftop deck with dramatic skyline views. Parking not included. Busy, noisy street.

Douglas Building 257 S Spring St – Beautiful Mills Act historic building with distinctive architecture and character. Original brick and amazing original wood floors. Some units include parking in building. Usually nothing for sale.

Beacon Lofts 825 E 4th St – Industrial lofts in the best part of the Arts District across from Little Tokyo Mall, entertainment and large grocery store. Rooftop deck with hot tub spa, outdoor kitchen and skyline views. 2-car tandem parking. Usually nothing for sale.

Beacon Loft For Lease 1900 sq dr
Beacon Loft For Lease 1900 sq dr

Alta Lofts 200 N San Fernando Rd – Bigger, modern industrial lofts with lots of natural light and views, low cost per square foot. Parking and guest parking. Social room and gym. In less-walkable industrial neighborhood, 3 miles to Downtown with increasing traffic.

See the complete list of buildings.

Get a free list of most affordable loft deals in Downtown Los Angeles Lofts. Fill out the online form:

 

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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SB Grand leads the most affordable loft buildings in Downtown LA
SB Grand leads the most affordable loft buildings in Downtown LA

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.

DTLA Lofts and Condos Sold This Week in Downtown Los Angeles

Downtown L.A. Homes Sold – Recent Property Sales

Looking at what sold recently is a great way to see what is really happening with the real estate market of Downtown LA.   #downtownla #sold #homes

sold-condos-downtown-la-1710-800-mk
sold-condos-downtown-la-1710-800-mk

sold-downtown-la-lofts-condos-1710-p-j-400Home prices and values can best be determined by learning the prices of lofts, condominiums and houses that sold nearby recently.  The money actually paid for a home that just sold tells us the most accurately about what similar properties will likely sell for today.  |  REPORT

Free report: sold-downtown-los-angeles-lofts-condos (pdf)

1 1155 S GRAND AVE #2102

Los Angeles, CA 90015

 

Sold

2 1100 S HOPE ST #716

Los Angeles, CA 90015

 

Sold

3 420 S SAN PEDRO ST #308

LOS ANGELES, CA 90013

 

Sold

SP: $1,800,000

DOM: 60

SP: $1,180,000

DOM: 57

SP: $652,500

DOM: 33

2

Beds

Baths 3.00 (3F 0T 0H 0Q)

2,370

Sq Ft

$759.49

SP/SqFt

2

Beds

Baths 3.00 (3F 0T 0H 0Q)

1,650

Sq Ft

$715.15

SP/SqFt

0

Beds

Baths 1.00 (1F 0T 0H 0Q)

1,210/VN

Sq Ft

$539.26

SP/SqFt

Lot Size: 52,756/PR Year Built: 2008

Lot Size: 41,205/PR Year Built: 2007

Lot Size: 76,377/VN Year Built: 1922

Area: 42 HOA 1&2: $770.34 (Monthly)

Area: 42 HOA 1&2: $717.00 (Monthly)

Area: 42 HOA 1&2: $592.93 (Monthly)

MLS #: SR17175372CN

MLS #: SR17133515CN

MLS #: 17-255100

4 1234 Wilshire BLVD #310

LOS ANGELES, CA 90017

 

Sold

5 267 S SAN PEDRO ST #611

LOS ANGELES, CA 90012

 

Sold

6 460 S SPRING ST #1110

LOS ANGELES, CA 90013

 

Sold

SP: $615,000

DOM: 56

SP: $464,000

DOM: 83

SP: $620,000

DOM: 9

2

Beds

Baths 2.00 (2F 0T 0H 0Q)

1,020

Sq Ft

$602.94

SP/SqFt

2

Beds

Baths 2.00 (2F 0T 0H 0Q)

970/AS

Sq Ft

$478.35

SP/SqFt

1

Beds

Baths 1.00 (1F 0T 0H 0Q)

900/DV

Sq Ft

$688.89

SP/SqFt

Lot Size: 71,332 Year Built: 2006

Lot Size: 64,558/VN Year Built: 2006

Lot Size: 0/AS Year Built: 1912

Area: 42 HOA 1&2: $460.00 (Monthly)

Area: 42 HOA 1&2: $577.63 (Monthly), $426.55 (Annually)

Area: 42 HOA 1&2: $483.33 (Monthly)

MLS #: PW17139977MR

MLS #: 17-264278

MLS #: 17-240730

Find out what the home down the street sold for

7 1100 S HOPE ST #805

LOS ANGELES, CA 90015

 

Sold

8 460 S SPRING ST #405

LOS ANGELES, CA 90013

 

Sold

SP: $560,000

DOM: 28

SP: $440,000

DOM: 55

1

Beds

Baths 1.00 (1F 0T 0H 0Q)

885/DV

Sq Ft

$632.77

SP/SqFt

0

Beds

Baths 1.00 (1F 0T 0H 0Q)

460/VN

Sq Ft

$956.52

SP/SqFt

Lot Size: 41,205/VN Year Built: 2007

Lot Size: 30,787/VN Year Built: 1912

Area: 42 HOA 1&2: $660.00 (Monthly)

Area: 42 HOA 1&2: $416.57 (Monthly)

MLS #: 17-252560

MLS #: 17-258046

Get a free list of area home sales in Downtown L.A. or any neighborhood. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Lofts For Sale Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE UNDER $500,000 | $900,000 | Top Luxury
Browse by Building | Neighborhood | Size | Bedrooms | Pets | Parking

sold-lofts-condos-downtown-los-angeles-1710-800-mk
sold-lofts-condos-downtown-los-angeles-1710-800-mk

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.

HOME SELLERS: Find out how much the home down the street sold for

FREE COMPUTERIZED LIST WITH PICTURES OF AREA HOME SALES AND CURRENT LISTINGS  #homevalue #homeworth #homeprices

Find out what the home down the street sold for

FREE RECORDED MESSAGE

1-800-791-4541 ID NUMBER 1041

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.

Downtown Los Angeles Lofts and Condos Lowest HOA Homeowners Association Dues

Homebuyers want a good deal on the home price and ongoing costs. For all homes, including Downtown L.A. lofts and condominiums, monthly expenses are just as important as the purchase price. #lowhoa #dtla

Downtown Los Angeles Lofts with Low HOA Dues
Downtown Los Angeles Lofts with Low HOA Dues
downtown-la-low-hoa-dues-lofts-for-sale-l
Downtown L.A. For Sale Low HOA Dues

With average HOA dues above $500 per month, most home buyers are conscious of homeowners association dues when determining the total value of a home purchase deal. To help find the best deals, here is a list of the lofts and condos with the most cost-effective monthly building maintenance, the lowest HOA dues in Downtown LA today:

312 W 5th St #307 860 sq ft $425,000 HOA $271.00
312 W 5TH ST #603 830 sq ft $475,000 HOA $277.00
330 W 11th ST #704 330 W 11th ST #704 $875,000 HOA $389.69
>> MORE

Free Report: Downtown-los-angeles-lofts-low-hoa (pdf)

Another sure way to save on home expenses is by owning an approved historic loft and getting significant savings on property taxes. Get a free list of Mills Act lofts. Fill out the online form:

Fill out my online form.

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

Lofts For Sale                Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE UNDER $500,000  |  $900,000  |   Top Luxury
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

Downtown LA Condos with Low Homeowners Association Dues
Downtown LA Condos with Low Homeowners Association Dues

 

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.

Growth and Stability – Downtown Los Angeles Real Estate Market News

Downtown L.A. Homes Sell For More Money, Faster Than One Year Ago

Downtown Los Angeles Real Estate Proves Superior Investment
Downtown Los Angeles Real Estate Proves Superior Investment

REAL ESTATE NEWS  —  Downtown Los Angeles continues to beat most real estate markets in both growth and stability. Compare recent prices, along with days on market, and we can see that prices continue to rise at a desirable pace, while homes sell at a brisk pace. Check out the market report:

In the most recent market (the last 6 months), Downtown L.A. homes sold at a median price of $619,500 with 42 days on market.  #dtla #realestatenews

For the same 6 month period a year ago, the median price for Downtown LA (MLS areas 23,42) was $589,250.  with 55 days on market.

This shows a value growth of $30,250 in 12 months with properties selling 13 days faster.

DTLA has also proven to be superior in down markets, slower to decline in price and faster to recover in price.  While Downtown Los Angeles definitely has its ups and downs, it has proven to be safer than most neighborhoods as a financial investment.

Get a free list of Downtown Top 10 Best Investment Property Listings. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

Lofts For Sale                Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE UNDER $500,000  |  $900,000  |   Top Luxury
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

Downtown Los Angeles Real Estate News - Market Stable and Growing
Downtown Los Angeles Real Estate News – Market Stable and Growing
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.

Home Seller Mistakes Downtown Los Angeles

Seller Mistakes DTLA – Free Report Hotline 844-837-3308 ID#1000

Which of These Costly Homeseller Mistakes Will You Make When You Sell Your Downtown Loft?  #dtla #home #price

Downtown L.A. – A new report has just been released which reveals 7 costly mistakes that most homeowners make when selling their home, and a 9 Step System that can help you sell your home fast and for the most amount of money.


Find Out What Home Down The Street Sold For

This industry report shows clearly how the traditional ways of selling homes have become increasingly less and less effective in today’s market. The fact of the matter is that fully three quarters of homesellers don’t get what they want for their homes and become disillusioned and – worse – financially disadvantaged when they put their homes on the market.

As this report uncovers, most homesellers make 7 deadly mistakes that cost them literally thousands of dollars. The good news is that each and every one of these mistakes is entirely preventable. In answer to this issue, industry insiders have prepared a free special report entitled “The 9 Step System to Get Your Home Sold Fast and For Top Dollar”.

To hear a brief recorded message about how to order your FREE copy of this report call toll-free 1-844-837-3308 and enter 1000. You can call any time, 24 hours a day, 7 days a week.

Get a free special report NOW to find out how to get the most money for a Los Angeles home. Home sellers can also find out what the home down the street sold for by requesting a free list of lofts, condos and houses that recently sold nearby. 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

7 Downtown Los Angeles Homeseller Mistakes to Avoid – Free Report 844-737-3308 ID#1000

This report is courtesy of Corey Chambers, BRE# 01889449. Not intended to solicit buyers or sellers currently under contract. Copyright 2017.

Are Rents Declining in Downtown Los Angeles?

REAL ESTATE NEWS  —  Many Downtown area homeowners received a post card recently from a loft specialist real estate company stating that rents are declining.  Because the L.A. Loft Blog is the authority of Downtown Los Angeles real estate, we’re going to help determine if this is true.  Are rents really going down in Downtown L.A.?   #rentprice #dtla

Are Downtown L.A. Rents Going Down?
Are Downtown L.A. Rents Going Down?

RENT PRICES

The post card fails to include the exact beginning and end period, and also does not mention the comparison period.  The statistical statements therefore are not complete, and so it’s like saying a car is going 55 or 75 without saying miles per hour or kilometers per hour etc. The same is true when talking about rental rates. Panic selling is rarely a good idea, so Downtown home owners and landlords want to know the real details of what is happening to the DTLA rental market.

To know the real state of rents in Downtown, we need to look directly at the MLS Multiple Listing Service data, and compare the specific time periods.  The generally accepted time period to observe in real estate is the past 6 months (the recent market period), and then to compare that to the same 6 month period in the years earlier.

We’re not going to use average because the MLS data contains errant massively incorrect data.  Median is more accurate (the middle number), so lets take a look at the real median rental price for those specific periods:

2015 $2,550  Downtown LA Rents 2015 (pdf)
2016 $2,740  Downtown LA Rents 2016 (pdf)
2017 $2,750  Downtown LA Rents 2017 (pdf)

So looking directly at the real MLS data, we can see that rents are generally not going down, but the rate of increase has most certainly gone down. A stabilization has occurred. No need to panic. In fact, the opposite is true. The right amount of new apartments have been built so that the thousands of new Downtown residents might not need to encounter huge rent increase in the near future, and landlords will likely not be able to raise rents dramatically. Downtown Los Angeles landlords will also not likely need to implement the 65% rent reduction that the recent postcard seems to suggest.

Get free information on apartment and loft rental tours in Downtown Los Angeles. Fill out my online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
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What's really happening wth Downtown Los Angeles apartment rental prices?
What’s really happening wth Downtown Los Angeles apartment rental prices?

 

Downtown Los Angeles Homes Sold Prices

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.

Sell Your Loft Without Ending Up with 2 Homes or No Home at All – Guaranteed Sale

Those who are thinking about selling their homes and moving up to a larger or better home often worry about how they can get the timing right.  Should they buy first or sell first? This common problem is what industry experts call the Real Estate Catch 22.

Real Estate Catch 22

Can they sell the old home, and move straight into the new home, or will they need to stay somewhere else in the mean time while placing the furniture into storage and needing to move twice?  Will they close on the new home first and pay the mortgage on two homes, or end up with no home at all?  #dtla #sellloft #guaranteedhomesale

The first step that home sellers often take is to get a free online home evaluation or to find out what the home down the street sold for. Any kind of appraisal for home sale or determination of home value should be both free and accurate.

How to Avoid Getting Stuck with Two Homes

Every month, thousands of homeowners are faced with the stressful dilemma of whether to buy first or sell first. If buying before selling, one could run the risk of owning two homes. Or, just as bad, if selling first, one could end up homeless. It’s what insiders in the industry call the Real Estate Catch 22, and it’s an extremely anxious position to find oneself in.

To learn more about this program and how it can make a move less stressful, a FREE special report has been prepared entitled “How to Avoid Getting Stuck with Two Homes”.

Order this report NOW to find out how to guarantee the cash sale of a home: http://www.coreychambers.com/coaching_catch22

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Downtown Los Angeles Real Estate Catch 22

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.