Downtown Los Angeles Home Price Premium – 7 Reasons Why Buyers, Renters and Investors Value

Downtown L.A. Home Prices:  Why do homes in Downtown Los Angeles cost over $600,000 on average, while homes in Chicago cost less than $300,000?

Downtown Los Angeles Couple
Downtown Los Angeles Couple

Supply and demand are the primary drivers of prices. There are many reasons why so many people want to live in Southern California neighborhoods:

Rental Income Properties Under $50,000
Rental Income Properties Under $50,000

#1 Nice weather;  #2 Jobs / Economy;  #3 Many things to do; #4 Better Schools; #5 Better Neighbors; #6 Overall growth / Improvement in the neighborhoods. The #7 reason is that SoCal home prices go up faster and steeper than other parts of the USA, making for a much better long-term return on investment.  #dtla #investment

Get a free list of Top 10 Investment Properties in Downtown Los Angeles. Receive FREE Downtown Best Smart Money Property Listings in your email. Fill out the online form:

 

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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Beacon Lofts For Lease Arts District Downtown LA
Beacon Lofts For Lease Arts District Downtown LA

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.

HOME SELLERS: Find out how much the home down the street sold for

FREE COMPUTERIZED LIST WITH PICTURES OF AREA HOME SALES AND CURRENT LISTINGS  #homevalue #homeworth #homeprices

Find out what the home down the street sold for

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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.

Buy, Sell and Lease Downtown Los Angeles – 2016 Year in Review #homeprices #losangeles

Congratulations to JB on getting an amazing loft in Downtown Los Angeles!

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find-out-soldFor helping buyers, sellers, renters and landlords in Downtown Los Angeles, 2016 was a remarkable year. It brought the best December ever in my DTLA real estate career, and foretells of a very bright 2017 for Downtown Los Angeles. It has been so very fortunate to work with such powerfully bright and earnestly thoughtful people. Thank you to my amazing clients of 2016: Adam, Jeff, Joan, Derick, Jamica, Jim, Julie, Marie-Elizabeth, Nicole, Sandy, Jennifer, John, Alex, Ed, Lee, Lauren, Chris, Elizabeth, Jim, Julie, Noush, Terry and Monica. See some of their lofts and condos https://www.wevideo.com/hub#view/805546194 and see what sold most recently in Downtown L.A.

Downtown buyer review:  Corey was very helpful in understanding the DTLA loft inventory and comps. As a local, he knows a lot about this area. Communication was fast and clear, no issues with reply time. He was on time for meetings and there were no issues or delays in person.  —  JB

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2016 DTLA Real Estate Market Report: In Downtown Los Angeles, fewer homes sold, and they took longer to sell in 2016, but prices increased. The 2nd half of 2016 saw 38 fewer homes sold in Downtown LA compared to the same period of 2015. Average days on the market increased from 59 in 2015 to 69 in 2016. Downtown L.A. home prices increased from $621,852 to $657,214.

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New Lofts Interest List – Get a free list of new lofts and condos in Downtown Los Angeles. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

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Copyright © 2016 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.

Downtown LA Real Estate News – Home Values NOT in Bubble Range

Market Report: Los Angeles Home Prices Have Room to Grow

Real Estate publication Keeping Current Matters, Zillow-sponsored Pulsenomics real estate industry panel and NAR the National Association of Realtors have concurred with each other to dispute some industry pundits who claim that residential home values have risen too quickly and that current levels are on the verge of another housing bubble.

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Panelists surveyed by Zillow said they expected home values to end 2016 up 4.5 percent year-over-year, on average, and for the median U.S. home value to exceed its pre-recession peak by November 2017. A majority of panelists with an opinion said markets in the middle of the country were likely to regain popularity compared to coastal markets in coming years as cost-conscious employers start creating more jobs in Middle America.
A marked shift in fortunes between coastal America and Middle America since the housing recovery began – rapid growth in the former, stagnation in the latter – is likely to eventually reverse as cost-conscious companies look for cheaper places to grow, according to a panel of more than 100 experts.

The Q3 Zillow Home Price Expectations Survey, sponsored by Zillow and administered by Pulsenomics LLC, asked a panel of 113 economic and real estate experts nationwide to offer their expectations for home value growth through 2020. The survey also asked the experts to share their views and expectations on changing dynamics in the middle of the country versus the coasts and in urban versus suburban communities.

The L.A. Loft Blog would change the word “Definitely” to the word “Probably” to give a more accurate depiction of statistical likelihood. Market cycles are never definite; just ask former Fed Chairs Alan Greenspan and Ben Bernanke.  The L.A. Loft Blog agrees that there will likely be no major downturn in home prices over the next several years because we have not experienced extended record high prices recently like we had preceding the great depression and great recession. In fact, we have more of a Japanese and European style of prolonged artificially low interest rates. That is more likely to cause overall economic stagnation, which does not require a dramatic drop in real estate prices. Additionally, Downtown Los Angeles outperformed the rest of the country for many years because of DTLA’s unique, dramatic renewal and transformation from blight to luxury. In the current market, it’s all about finding the best deal.

The good news is that it is easy and free to get access to special deals such as pocket listings and other unlisted bargains for sale. Get Downtown LA Pocket Listings Information in your email. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

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Copyright © 2016 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, seller 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.

Lack of Listings Slowing Down the Housing Market

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The housing crisis is finally in the rear view mirror as the real estate market moves down the road to a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2016 will be the year that the housing market again races forward.

However, there is one thing that may cause the industry to tap the brakes. MORE

Find out what your neighbor's loft sold for
Find out what your neighbor’s loft sold for

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

Corey Chambers, Realty Source Inc  BRE#01889449

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LOS ANGELES SOLD HOMES – FIND OUT WHAT THE HOME DOWN THE STREET SOLD FOR

SOLD IN DOWNTOWN LOS ANGELES
RECENTLY SOLD PROPERTIES IN LA
What’s your home worth?

Lofts and condos sold December 2014 and January 2015:

Photo	MLS #	AR #	S	Address	Unit #	City	BR	Baths	SqFt	$/SqFt	LP	SP	Lot Sz	HOD	YB	Pool	DOM	Map
31	14-800893	42	S	460  S SPRING ST #601	601	LOS ANGELES	1	1.00 (1 0 0 0)	720	$680.56	$490,000	$495,000	30,787	$457	1912	No	9	634/F4
26	14-808741	42	S	900  W OLYMPIC BLVD #50D	50D	LOS ANGELES	2	3.00 (3 0 0 0)	2,640	$1,098.11	$2,899,000	$2,900,000	399,270	$2,750	2010	Yes	24	634/D5
11	DW13039899MR	23	S	360  W 26 AVE #413	413	LOS ANGELES	0	1.00 (1 0 0 0)	630	$317.46	$200,000	$200,000		$312	2006	No	596	/
15	IV14142263MR	42	S	940  E 2nd ST #28	28	LOS ANGELES	2	3.00 (3 0 0 0)	1,280	$644.45	$824,900	$808,888	43,803	$345	1906	No	26	/
15	PW14263131MR	42	S	315  E 8th ST #1104	1104	LOS ANGELES	1	1.00 (1 0 0 0)	640	$640.63	$410,000	$410,000	7,339	$465	1925	Yes	0	/
25	14-804667	42	S	801  S GRAND AVE #1403	1403	LOS ANGELES	1	1.00 (1 0 0 0)	990	$681.82	$675,000	$635,000	58,984	$772	1985	No	55	634/E5
24	14-806569	42	S	801  S GRAND AVE #1207	1207	LOS ANGELES	2	2.00 (2 0 0 0)	1,330	$600.75	$799,000	$785,000	58,984	$875	1985	No	62	634/E5
1	14-817057	42	S	645  W 9TH ST #319	319	LOS ANGELES	2	2.00 (2 0 0 0)	1,370	$575.18	$788,000	$788,000	0	$675	2006	Yes	2	634/E5
18	SR14226621CN	42	S	312  W 5TH ST #617	617	Los Angeles	1	1.00 (1 0 0 0)	770	$480.52	$370,000	$380,000	27,285	$266	1923	Yes	69	/
19	14-762063	42	S	900  W OLYMPIC  #33J	33J	LOS ANGELES	2	3.00 (3 0 0 0)	2,050	$1,195.12	$2,450,000	$2,200,000	399,277	$2,367	2010	Yes	235	634/D5
26	14-785303	42	S	530  S HEWITT ST #554	554	LOS ANGELES	0	1.00 (1 0 0 0)	740	$748.65	$554,000	$520,000	39,304	$355	1920	Yes	98	634/H5
3	14-811313	42	S	100  S Alameda ST #248	248	LOS ANGELES	2	2.00 (2 0 0 0)	1,042	$526.87	$549,000	$520,000		$427	2005	Yes	51	634/G4
7	IV14177683MR	42	S	630  W 6th ST #213	213	LOS ANGELES	1	1.00 (1 0 0 0)	530	$518.87	$275,000	$279,000	26,607	$450	1962	No	156	/
19	14-790141	42	S	630  W 6TH ST #408	408	LOS ANGELES	1	1.00 (1 0 0 0)	580	$601.72	$349,000	$349,000	0	$588	1962	No	74	634/E4
27	14-811297	42	S	801  S GRAND AVE #1905	1905	LOS ANGELES	3	2.00 (2 0 0 0)	1,580	$601.27	$950,000	$950,000	0	$938	1985	No	16	634/E5
19	14-811379	42	S	416  S SPRING ST #707	707	LOS ANGELES	1	1.00 (1 0 0 0)	740	$682.43	$505,000	$490,000	10,334	$455	1914	No	66	634/F4
21	14-813907	42	S	100  S ALAMEDA ST #213	213	LOS ANGELES	1	1.00 (1 0 0 0)	735	$624.49	$459,000	$434,000	138,016	$394	2005	Yes	48	634/G4
19	314034062IT	42	S	416  S SPRING ST #1106	1106	Los Angeles	1	2.00 (2 0 0 0)	1,176	$577.38	$679,000	$675,000	10,334	$521	1914	No	29	634/F4
20	PW14131115MR	42	S	645  W 9th ST #216	216	LOS ANGELES	2	2.00 (2 0 0 0)	1,305	$498.08	$650,000	$648,000	74,818	$523	2006	Yes	142	/
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Find Out What The Home Down The Street Sold For!  Get a FREE List Of Recent Home Sales And Active Listings In Your Area at LAcondoInfo.com

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Copyright © 2015 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 necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 478-0499 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.