Tag: home prices

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Downtown Los Angeles Real Estate Scarcity, L.A. Urban Housing Shortage and Explosion of Home Prices

REAL ESTATE NEWS

After three years of falling urban home prices, Downtown L.A. property values shot up dramatically in October and November of 2021. While the rest of the country begins to simmer down or cool off, Downtown LA takes off! Today, the best Downtown lofts and condos are going fast. Many lofts for lease are today already leased by the time prospective renters request a viewing. This week saw many would-be renters feeling let down as their prospective lofts were taken by other renters before they could make an appointment to see them. Eastern Columbia unit 912: NABBED! 655 Hope St #904: NABBED! 215 W 7th St #1310: Many applications received! Get a jump by getting early email notification of desirable properties before the competition nabs ’em.

Get a free list of available live/work lofts for lease or for sale. Call 213-880-9910 or fill out the online form:

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

Broadway, Downtown LA

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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.

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Downtown Los Angeles Real Estate Market Report December 2021

Downtown L.A. home prices continue to rapidly recover

REAL ESTATE NEWS — The preceding two months delivered dramatic news — a sudden leap in Downtown L.A. residential property prices. Does December corroborate the giant leap in urban L.A. home prices depicted in our October and November reports?

2020: 29 sold, Average Days on Market 88, Median sold price $550,000, $607,668 Avg

2021: 45 sold, Average Days on Market 57, Median sold price $630,000, $723,544 Avg

Last month saw 55% more Downtown homes sold, average home sold 65% faster, for $115,876 higher sold price on average, based real estate professional Multiple Listing Service for Downtown and nearby loft neighborhoods MLS areas 23, 42 and 1375. We can clearly see that December has corroborated the substantial recovery that the Loft Blog reported in October and November of 2021. | HOW MUCH IS MY HOME WORTH?

Get a free list of Arts District lofts for sale or lease. Fill out the online form:

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

Downtown LA property owners benefit from inflation

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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.