Tag: home prices

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Downtown Los Angeles Real Estate Market Report September 2020

Downtown L.A. in 2020: Spreading symptoms of urban blight #realestate #market #news

REAL ESTATE NEWS | Blog Video

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The September numbers are now in, and they show that DTLA home prices continue to plummet. The median Downtown area condo priced dropped by $33,000 last month compared to September of 2019, based on MLS data for #dtla and nearby loft neighborhoods 23, 42 and 1375:

2019 Median Home Price $600,000 | 2020 Median Home Price $567,000

Additional negative economic reports have also just been released. The September jobs report weaker than expected, along with troubling announcements of a president who is sick with covid-19, increases the odds of a crashy October and protracted economic depression, with more falling home prices for longer than most expect.

Find out with the home down the street sold for. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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As smoky orange skies dim hopes, the sun sets on summer, and darkness falls on the Los Angeles economy.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 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 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.

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Downtown Los Angeles Lofts and Condos – Home Prices August 2020 Market Report: Falling Down

Falling, falling… down, down. Downtown L.A. home prices shave off more than $90,000
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REAL ESTATE NEWS | Blog Video

The August 2020 home price data is in, and the property market report has been prepared. Residential property values fell by a hefty hunk. Compare this year to last:

August 2019 Median Sold Price $647,000

August 2020 Median Sold Price $539,000

That’s a major drop of $92,000 from Aug ’19 to Aug ’20. Homes sold much faster as home sellers became more motivated in 2020. Last year, sellers took their sweet time, selling in around 68 days. This year, sellers unloaded their properties in a median time of only 31 days. These statistics pertain to Downtown Los Angeles and nearby loft neighborhoods MLS areas 23, 42 and 1375.

Urban LA rental prices have dropped just a bit.

How much is your home worth? Find out how much the loft down the street sold for. 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
DTLA loft prices dropped a bit while urban condo prices sink like a rock

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.