Tag: home prices

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Downtown Los Angeles Real Estate Market Report June 2022 | Crashing Up

Crashing Up! Economy down, yet prices up

REAL ESTATE NEWS (Los Angeles, CA) — What’s happening now with the L.A. urban property market? More stagflation! The numbers are in, and they show continuing economic stagnation and price inflation, with fewer buyers, fewer transactions, yet selling faster, with higher prices for urban homes:

2021: Listings 59; Days on Market average / median 55 / 34; Price med / avg $575,000 / $644,978

2022: Listings 42; Days on Market average / median 33 / 21; Price med / avg $629,500 / $778,675

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

DTLA sold home property values statistics show that inflation is still the name of the game.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 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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Glen Donald Building Los Angeles — SOLD and LEASED

2121 James M Wood Bl #315 Sold (buyer side)

John G. contacted us, wanting to invest in an L.A. condo that he could afford. He wanted a unit that was high quality and easy to rent out to a tenant. He chose the James M Wood Building, which has long been on the LA Loft Blog’s list of notable condominium buildings. Out of three units active for sale, John chose unit 315 for its price, overall quality, relatively quiet location, original historic character, beautiful view of the city and neighboring historic homes.

After the purchase of the investment, John wanted the unit to be rented out in a timely manner, after cleaning and improving the property a bit. With the help of the L.A. Loft Blog, the Corey Chambers Team helped the new owner and new renter sign a lease agreement within just for days after listing the unit.

Find out how much your condo unit is worth. Fill out the online form:

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit www.CoreyHasTheBuyers.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.