Downtown Los Angeles Real Estate Market Report September 2021

With fewer buyers, most Downtown Los Angeles home sellers must expect a lengthy wait.

Residential Property Prices Update

Urban L.A. home values rebound, even as they take longer to sell. Motivated home buyers get more scarce in an economy affected by fear masked by Monopoly money. Radical monetary policy and helicopter bucks have artificially propped up housing prices amid nationwide de-urbanization. While many are still fleeing the violent crime, chaos and perceived virulence of the inner cities, the plummeting U.S. dollar now inflates the price of nearly all assets. Last month marked a turning point for the median Downtown L.A. loft condo price, which is now looking up.

Cool, hip Arts District loft prices rise as the rich get richer and the poor get poorer.

Number of properties for sale up 23% as de-urbanization continues in favor of cleaner, safer neighborhoods. Runaway inflation has, however, miraculously cured the falling prices. While most Downtown condo prices are rising again, some loft prices nearest to Skid Row are still sagging. Today, fed-excreted funny money props up real estate prices, even for neighborhoods that would otherwise be dwindling due to virus panic, homeless encampment chaos and increasing bifurcation of markets into richer and poorer.

What took 48 days to sell in September 2020 now sits a scary 73 days on the market in September 2021. Lofts are up $16,000 this year due to a devaluing dollar. Downtown LA median price September 2021 of $615,000 sold in 2020 for $599,000. Statistics provided by real estate agents Multiple Listing Service for Downtown and nearby loft neighborhood areas 23, 42 and 1375. | PDF Reports:  SEP 2020 |  SEP 2021

Because real estate is a slow game, most DTLA home sellers are unlikely to realize much of a turn-around for another six months. For the gritty hoods, substantial price increases may not be seen for years.  At Little Tokyo Lofts, only one 1 out of 12 listed units has sold successfully in the last 6 months. The lowest price loft in Downtown Los Angeles, unit# 631, asking price has been reduced to just $355,000. Once you get over potential frights around the corner, this loft condo unit and building are of notably high quality.

How much is your loft worth?

Get a list of recently sold homes in the area, along with a list of currently active homes 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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While many buyers frightened away from urban decay, Fed slight-of-hand causes rising prices.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. 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.

Downtown Los Angeles Real Estate Market Update

Downtown Los Angeles: Yes, we’re open (barely)

REAL ESTATE NEWS | Blog Video

Readers of the L.A. Loft Blog have provided the most powerful mastermind of knowledge, foresight and wisdom about the L.A. property market. When we tune in, really pay attention to what they’re saying, thinking and doing, we can’t go wrong with our own real estate choices.

Even bigger than the news of what’s happening in real estate is the news about what is NOT happening in real estate. Downtown L.A. real estate is not experiencing a rapid rebound, and is not seeing overall improvement. DTLA property market is suffering from a continuation of panic, hysteria and overreaction in the form of counterproductive lockdown and decimation of small businesses. Home buyers are not buying, only the most motivated of sellers are selling. Renters and landlords both are cancelling appointments. Real estate motivation is declining from coast to coast. Florida commercial real estate guru Ben Mallah says that things are very serious and getting worse, as more renters are unable to make their monthly payments.

Here’s what the smartest buyers, sellers, renters, landlords and investors are looking at, contemplating and acting on in urban LA lofts, condos, apartments and Greater Los Angeles houses with character today:

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Live/Work Lofts Downtown LA vs. Residential Studio Apartments

NEIGHBORHOODS

FLOWER STREET LOFTS 1130 S Flower St, Los Angeles, CA 90015

Bonus: Industrial Warehouse Lofts For Sale in Los Angeles

Find out how much your neighbor’s loft sold for. Get a free list of recently sold condos and prices, along with currently listed homes for sale. 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 | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking
Newer homes in Taylor Yard neighborhood by Rio De Los Angeles Park

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, 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.