(Downtown Los Angeles) — The price of a typical home in Los Angeles fell to $579,500. #homeprices #losangeles
Home sales in December and January were the lowest for the months since 2008. The real estate data tracker finds that Los Angeles County’s median home price was $579,500 in January, down slightly from December’s median price of $581,500. Year over year prices were actually up a bit, showing a moderate taper in real estate overall. Interest rates fell last week to the lowest level in a year.
Home appraisers report that they have been dropping the appraised values of many homes.
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(Downtown L.A.) The local, urban home sale real estate market has changed, and is now beginning to separate into winners and losers. What have buyers been snapping up recently in Downtown L.A? Which properties have failed, and why are so many now failing to sell?
First, it’s always helpful to know what home buyers are doing successfully. Here’s a 2-bedroom, 2-bathroom with dramatic view that just went into escrow in only 19 DAYS — that’s 75% FASTER than comparable nearby units! #dtla #realestate #news
The shocking news about Downton real estate today is the surprising low success rate.
Why Downtown L.A. Real Estate Now Has a 73% Failure Rate
What makes a home sell much faster, for more money and with less hassle than other homes that sold recently? It starts with the main reason for most successful outcomes — determination. Many home sellers don’t know that many home sellers have not succeeded as the market has changed to a buyer’s market. Out of 609 recent Downtown listings, only 173 sold. That’s only a 28% success rate.
When a seller has decided that they’d like to sell the home for sure, and they need get top dollar for it, simply following last year’s rules no longer works. The home must be sold the right way for today’s real estate market. Buyers are no longer lined up out the door. The seller must now make smart choices in order to achieve success in the desired time frame.
The recent success story above reveals a focus on getting more money, selling the home faster, getting it sold with near 100% certainty, and, most importantly, relying on a proven database of buyers. Numerous failures occur because too many rely on old news and old methods to sell a property in a real estate market that moves quickly, and changes faster than ever before. When a loft or condo absolutely, positively must sell quickly, for more money, sellers must use the most proven system for success in today’s Downtown real estate market.
Get a free list of recently sold homes, with photos, descriptions and prices. The list also includes active listings of homes for sale. Also available by request is a list of off-market homes, pocket listings and unlisted homes for sale. Fill out the online form:
