Tag: home prices

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Los Angeles Real Estate Market Report: The Valley | Sherman Oaks Home Prices Falling

Downtown L.A. is not the only place where home prices are falling. Check out this urban / suburban neighborhood around Ventura Boulevard.

This small 1 mile section of the Sherman Oaks neighborhood saw 8 listings sold in the same quarter a year ago. 15 / 11 days on market $596,000 / $609,000 which was $545 / $541 per sq ft.

The middle class is having difficulties getting loans, so the 1,110 sq ft and economy units with no view have recently not been selling as well at the 1,600 sq ft and luxury units with views.

This quarter, the numbers are: 6 listings sold. 58 / 44 days on market that were 58 / 44 days on market, and sold for $863,000 / $813,000 which is $505 / $492 per sq ft.

Based on comps and falling price market, suggested asking price for 1,284 sq ft is $599,000 to $629,000.

Find out how much the home down the street sold for. Get a free list of recently sold homes in any area, along with a list of homes currently for sale. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 01889449. 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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Real Estate Recession — Downtown Los Angeles Lofts Market Crash

REAL ESTATE NEWS (Los Angeles, CA) — The urban Downtown L.A. property market has been in a serious funk since October of 2022. Things were ok 12 months ago: January of 2022 showed a healthy 54 properties sold, while 2023 gets off to an extremely anemic start with only 9 properties sold in the Downtown Los Angeles area. Last January, most properties took less than 14 days to sell. So far this year, they’re taking closer to 43 days to sell. A year ago, DTLA condos were selling for $638,000. Now, they’re $530,000 on average. Times are getting tough for sellers, as money has been getting tight for buyers lately. The above statistics were from real estate agent professional Multiple Listing service for Areas 23, 42 and 1375.

Find out how much your loft might sell for. Get a free list of recently sold homes, and receive a free report with information that can cause your home to sell faster, for more money, and with less hassle. 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

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 01889449. 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.