REAL ESTATE SLIDE – Downtown Los Angeles Median Home Prices Down

Financial District amusement slide a metaphor for a dropping real estate market
Financial slide – a dropping real estate market

REAL ESTATE MARKET UPDATE  #REALESTATE #NEWS

Downtown Los Angeles  —  Area 2nd quarter median recently sold home prices are down since the same period last year.  The L.A. Loft Blog looked at MLS areas 23,42 and 1375, which include the loft condo neighborhoods in and around Downtown LA.  The median price (April through June) last year was $630,000.  This year it’s down to $610,000 for a drop of 3.28%.  #dtla


2nd Quarter 2018 Median DTLA home price $630,000
2nd Quarter 2018 Median DTLA home price $630,000

2nd Quarter 2019 Median DTLA home price $610,000
2nd Quarter 2019 Median DTLA home price $610,000

The good news is that the average price is actually up from $704,595 last year to $761,853. The dollar volume shows a healthy local real estate economy, but most individuals are losers: The median price drop shows that most home sellers are getting less money in 2019 while only a lucky few are doing better. Most real estate agents are bearing the brunt of the cooling market as the number of transactions dropped from 132 to 99 as fewer Downtowners are buying or selling. Currently secure in their jobs, most downtowners are staying put.

FIND OUT WHAT YOUR NEIGHBOR’S LOFT SOLD FOR

Get a free list of Downtown area loft and condo sales. 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 | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Downtown Los Angeles real estate market slides down

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.

Corey Chambers August 2019 Real Estate Newsletter for Los Angeles and Southern California

Hello L.A. Loft Blog Reader, Here’s a list of recently sold lofts, and a video from Corey:  #coreychambers #realestate #news

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corey-chambers-real-estate-newsletter-august-2019-socal-home-j

I just put the finishing touches on the SoCal Home Real Estate Newsletter for August 2019 CLICK HERE.

In this month’s issue:

*Boy It’s Hot and Not Just Outside!
*How Your Referrals Help the Kids.
*And more in this months “SO CAL HOME REAL ESTATE NEWS FROM COREY CHAMBERS

Enjoy!
Corey Chambers

P.S.   As you may have heard, Children’s Hospital is front and center in the fight against nasty diseases that destroy or cut short the lives of Children. We are thankful to have such a wonderful facility close by, doing such great work to help heal and save young people. So even as we are eager to enjoy life, others are simply hoping they can be here to live it. This is why we have resolved to do what we can to help. For homes we sell, we are donating a portion of our income to Children’s Hospital. Our goal is to raise $25,000 to help them in their quest to Heal, Save, Cure and Comfort Children under their care.

Who do you know considering making a move you could refer to my award-winning real estate sales team?

For anyone considering a move that we help, you can rest assured that not only will they get the award-winning service we are known for, but that a solid portion of the income we receive from the transaction will go toward a very worthy cause.

Your Referrals Really Do Help the Kids… I want to make it easy for you to refer your friends, neighbors, associates or family members considering making a move, so call me at 213-880-9910.

You and your referrals mean more than ever to me and my team. As we move forward in this new season, please know we are extremely thankful for you and you being a special part of our business.


#SOLD in Downtown Los Angeles

Here’s a list of the lofts and condos that buyers bought and completed escrow in July. Some amazing condominiums are being purchased lately! Take a look:

sold-downtown-los-angeles-2019-july-j
sold-downtown-los-angeles-2019-july-j

 

sold-dtla-1907-pdf


To see what’s happening with the DTLA real estate market and home values, get a free list of recently sold lofts and prices.  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 | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

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.

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