Tag: sold

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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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Downtown Los Angeles Lofts For Sale, Just Sold and Open House

Just Sold This Week in Downtown L.A.

OPEN LOFT  —  Get a free list of loft open house condos for sale:  CLICK HERE.

Knowing what sold recently gives a really good indication of what is really happening with the Downtown LA real estate market.  Here’s a list of lofts and condos that closed escrow in the last 7 days:    https://www.themls.com/Share/YWFhYWpmampq

Just Listed

An equal number of properties was listed for sale in the past week, showing equilibrium in the real estate market   #dtla #lofts #forsale  :  https://www.themls.com/Share/YWFhYWpnYWNi

Want a special deal? Get a free list of pocket listings, off-market and unlisted lofts for sale in Downtown Los Angeles. 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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.