Tag: Lofts

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Downtown Los Angeles Real Estate Meets Goldilocks – Home Prices

Just the right size, just the right temperature?

REAL ESTATE MARKET NEWS (Downtown Los Angeles)  —  The August market report is in.  Is the Downtown L.A. economy just right, or is it the calm before the storm?  Let’s take a look at the August 2017/2018 numbers to create a clear picture.  #dtla #realestate #news

DTLA home owners and sellers are happy.  The price of Downtown real estate is higher in August of 2018 than it was during the same period a year ago. The average Downtown home price increased from $761,000 to $782,000.  The average condo is selling faster than a year ago as well. What took 67 days to sell last year took 64 days this year.

Prices are up a perfect 2.7%. The average selling price to average listing price ratio has dropped from 94% to 93%, which is just enough bad news to take the temperature from too hot to just right.  Better yet, the only other negative news is a smaller overall market with new listings dropping from 44 to 38, which can be good news for the few who want to sell.

Take a look at the Metro Downtown Market Analysis reports:
August 2017
https://www.themls.com/Share/YWFhYWpnZ2pj

August 2018
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Find out what the home down the street sold for
According to the numbers, the Downtown real estate economy is picture perfect, except for real estate professionals, who must compete more fiercely for their piece of a smaller pie, which shrank from total August volume of $33.5 million last year to less than $30 million in 2018.  We can clearly see good news that is reigned in by not-so-bad news.
The heat of Downtown Los Angeles real estate has been successfully turned down to a comfy temperature.  Goldilocks and the Downtown homeowners are perfectly warm and snug while the size of the average home price is just right — for the moment.
Find out what your neighbor’s loft sold for. Get a free list of recently sold homes with 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 | Popular | Luxury
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. Some numbers are rounded for simplicity. 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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7 Ways to Move Forward in a Sideways Market

Bad news for real estate?  Take advantage of any economy.

From California to Colorado, real estate professionals are agreeing on one thing:  While some real estate markets are still strongly favoring sellers, more and more agents say that it’s slowly beginning to cool — potentially a good thing for both buyers and sellers. #dtla #lofts #fha/va

As some home prices begin to slide, the L.A. Loft Blog presents 7 tips to help buyers and sellers to accomplish success in today’s changing real estate market.

  1. Mills Act – Home buyers love beautiful historic buildings with big savings on property taxes.
  2. New Lofts Interest List – Gleaming new homes can present a really great deal.
  3. Find out what homes down the street sold for – Home sellers want to know the real selling prices of lofts, condos or houses nearby.
  4. FHA/VA – No down payment – makes it easier to buy a home
  5. Litigation – More than 25% of Downtown loft listing involve a building with current or recent lawsuits.  Find out what’s really going on.
  6. Pocket Listings – Unlisted great deals that are not on the internet
  7. L.A. Loft and Condo Information Request – How can we help you?  Ask any question, and the L.A. Loft Blog will help you find an answer FREE.

Buyers, sellers both can benefit as real estate market starts to balance

Want to buy a home? You might want to wait

Get free information on FHA and VA zero down and low down L.A. loft loans. 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

 

Eastern Columbia at night vintage photo
Eastern Columbia at night stands out in this vintage photo

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.