home prices – Page 26

While many prospective home buyers are taking a wait-and-see attitude, there are always those who must move to take a new job position or life change, while others are ready to stop paying for the landlord’s mortgage and inevitable rent increases. #affordable #lofts #dtla

Home buyers and sellers are beginning to see significant big price drops in the urban L.A. housing market. The mainstream media is often months or years too late in reporting economic data. For those who prefer to be in the know, and to get ahead of the pack, here’s the Top 10 List of Lofts and Condos with the biggest improvements in affordability. #reduced | VIDEO | PDF

1
SB1916355 1375 A 7MR
360 W Avenue 26 #317
317
LOS ANGELES 0
1.00 (1 0 0 0) 630
$490.48
$309,000 
53944
$392.00 2006

2
19-512108
42 A
215 W 7TH ST #509
509
LOS ANGELES 0
1.00 (1 0 0 0) 464
$765.09
$355,000 
15922
$493.00 1911

VIDEO:

3
SR1917833 0CN
42 A
312 W 5TH ST #208
208
Los Angeles 1
1.00 (1 0 0 0) 680
$620.59
$422,000 
27285
$220.00 1923

4
19-510392
42 A
420 S SAN PEDRO ST #504
504
LOS ANGELES 0
1.00 (1 0 0 0) 730
$582.19
$425,000 
76377
$470.32 1922 Yes

5
AR1918575 8MR
42 A
880 W 1st ST #217
217
LOS ANGELES 2
2.00 (2 0 0 0) 1243
$345.94
$430,000 
123895 $1,021.0 1982 No 0

6
OC191856 34MR
42 A
800 W 1st ST #1601
1601
LOS ANGELES 1
1.00 (1 0 0 0) 735
$592.93
$435,800 
106162 $730.00 1968 No

7
PF1918070 3MR
42 A
416 S Spring ST #610
610
LOS ANGELES 1
1.00 (1 0 0 0) 780
$639.74
$499,000 
10334 $662.00 1914 No

8
19-511042
42 A
746 S LOS ANGELES ST #903
903
LOS ANGELES 1
1.00 (1 0 0 0) 770
$648.05
$499,000 
38308 $602.00 1922 Yes

9
19-518128
42 A
100 S ALAMEDA ST #162
162
LOS ANGELES 1
1.00 (1 0 0 0) 735
$678.91
$499,000 
138016 $456.00 2005 Yes

10
OC191469 85MR
42 A
1100 Wilshire BLVD #2803
2803
LOS ANGELES 1
1.00 (1 0 0 0) 750
$673.33
$505,000
27098 $894.00 1986 No

Get a free list of price reduced loft and condos. Fill out the online form:

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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.

PDF: price-reduced-dtla-191104-c-p

September Homes Sales Take 70% Longer, Sell for $35,000 Less

REAL ESTATE NEWS ALERT – SPECIAL BULLETIN

Los Angeles, CA — Thinking about selling a Downtown loft or condominium? Better allow more time to unload it — a LOT more time. The September year-over-year real estate market has shrunk significantly. Things are really slowing down. Homes are taking much longer to sell. The September median Days on Market is way up from the same month period in 2018. Last September, it took most homes 40 days to sell, but last month, it took a staggering 68 days to sell a home in the loft neighborhoods around DTLA to Lincoln Heights. The numbers from the MLS show that homes have been moving much slower in 2019 as compared to recent years. #realestate #market #news

The latest bubble seems to be deflating. Don’t expect too much money when selling over the next several years. Median price has dropped down substantially from $625,000 to $589,875. Sellers are getting 1% less of their asking price: On average, down from 96% Sep 2018 to 95% Sep 2019.

While falling prices may seem like bad news for sellers, those few who must buy a home over the next year or two are likely to find growing selection, more affordable prices and lower interest rates as the Fed shows unfettered willingness to accommodate.

Los Angeles is not alone. Real estate agents all over California have been reporting a cooling market for more than a year. Other areas with even more dramatic recent home price drops include New York City, Hong Kong and London. #dtla

Find out how much your neighbor’s loft sold for.

Get a free list of recently sold homes, along with prices, and a list of homes just listed for sale in the area. CLICK HERE

How to Set Your Asking Price When Selling Your Los Angeles Condo

Downtown Los Angeles – When you decide to sell your home, setting your asking price is one of the most important decisions you will ever make. Depending on how a buyer is made aware of your home, price is often the first thing he or she sees, and many homes are discarded by prospective buyers as not being in the appropriate price range before they’re even given a chance of showing.
Your asking price is often your home’s “first impression”, and if you want to realize the most money you can for your home, it’s imperative that you make a good first impression.
This is not as easy as it sounds, and pricing strategy should not be taken lightly. Pricing too high can be as costly to a homeseller as pricing too low. Taking a look at what homes in your neighborhood have sold for is only a small part of the process, and on it’s own is not nearly enough to help you make the best decision. A recently study, which compiles 10 years of industry research, has resulted in a new special report entitled “Homesellers: How to Get the Price You Want( and Need)”. This report will help you understand pricing strategy from three different angles. When taken together, this information will help you price your home to not only sell, but sell for the price you want.
To hear a brief recorded message about how to order your FREE copy of this report call toll-free 1-800-791-4541 and enter 1016. You can call any time, 24 hours a day, 7 days a week.
Get your free special report NOW to learn how to price your home to your maximum financial advantage.

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]