Downtown Los Angeles Condos | Market Report

Originally posted on February 02, 2012


Let’s take a look at how Downtown Los Angeles condos fared over the past year.

For the purposes of this report I have broken the price ranges down to under $500K, $500K to $1 Million, and the over $1 Million bracket. The largest movement is in the under $under 500K category.

Market absorption indicates the amount of time it will take to sell the existing inventory on the market.  Six months is a balanced market; under six months a sellers’ market; over six months a buyers’ market.

Downtown Los Angeles Condos under $500,000 are a hot commodity, and definitely a strong sellers’ market, indicated by the low inventory.

91 of the past year’s sales were studios, which are extremely popular and hard to find, especially in good condition. 34 of these were short sales or foreclosures.

Out of the remaining 275 condos sold over the past year, 71 were either a foreclosure or short sales.

The median price has declined slightly over the previous 12 months, but the sold to list price has increased.

Los Angeles Downtown Condos Market Report

Only two sales in this category were either a short sale or foreclosure.

The media price has increased, as has the sold price to list price.

With a little over six months’ worth of inventory, the $500K to $1M Los Angeles Downtown condos price range is fairly stable, leaning slightly towards buyers.

The over $1 Million Downtown Los Angeles condo market is basically based on two buildings, the Ritz Carlton Residences at L.A. Live,  and EVO, and sales in this price range are slow, with over two years’ worth of inventory.

Search Condos for Sale in Downtown Los Angeles

  1. 1 bed, 1 full bath
    Home size: 960 sq ft
    Lot size: 27,285 sqft
    Year built: 1923
    Days on market: 0
  2. 2 beds, 2 full, 1 part baths
    Home size: 1,800 sq ft
    Year built: 2007
    Days on market: 1
  3. 1 bed, 1 full bath
    Home size: 760 sq ft
    Lot size: 27,098 sqft
    Year built: 1986
    Days on market: 1
  4. 1 bed, 1 full bath
    Home size: 1,010 sq ft
    Lot size: 41,205 sqft
    Year built: 2007
    Days on market: 2
  5. 2 beds, 3 full baths
    Home size: 1,760 sq ft
    Lot size: 9.17 ac
    Year built: 2010
    Days on market: 2
  6. 2 beds, 1 full bath
    Home size: 867 sq ft
    Lot size: 3.38 ac
    Year built: 1983
    Days on market: 2
  7. 2 beds, 2 full baths
    Home size: 1,346 sq ft
    Lot size: 2.84 ac
    Year built: 1982
    Days on market: 3
  8. 1 bed, 1 full bath
    Home size: 700 sq ft
    Lot size: 26,403 sqft
    Year built: 1927
    Days on market: 3
  9. 1 bed, 1 full, 1 part baths
    Home size: 1,130 sq ft
    Lot size: 1.64 ac
    Year built: 2006
    Parking spots: 4
    Days on market: 4
  10. 1 bed, 1 full bath
    Home size: 710 sq ft
    Lot size: 41,205 sqft
    Year built: 2007
    Days on market: 4
  11. 2 beds, 2 full baths
    Home size: 1,140 sq ft
    Year built: 2006
    Days on market: 4
  12. 0 beds, 1 full bath
    Home size: 1,130 sq ft
    Lot size: 22,842 sqft
    Year built: 1930
    Days on market: 5
  13. 2 beds, 1 full, 1 part baths
    Home size: 2,560 sq ft
    Lot size: 1.91 ac
    Year built: 1923
    Days on market: 5
  14. 2 beds, 3 part baths
    Home size: 2,319 sq ft
    Lot size: 2.44 ac
    Year built: 1968
    Parking spots: 4
    Days on market: 7
  15. 1 bed, 1 full bath
    Home size: 617 sq ft
    Lot size: 31,626 sqft
    Year built: 1925
    Days on market: 7
  16. 3 beds, 3 full baths
    Home size: 1,930 sq ft
    Year built: 1985
    Days on market: 11
  17. 2 beds, 2 full baths
    Home size: 1,170 sq ft
    Lot size: 1.21 ac
    Year built: 2008
    Days on market: 11
  18. 2 beds, 2 full baths
    Home size: 1,193 sq ft
    Lot size: 1.91 ac
    Year built: 1983
    Days on market: 11
  19. 1 bed, 1 full bath
    Home size: 762 sq ft
    Lot size: 2.44 ac
    Year built: 1968
    Days on market: 11
  20. 2 beds, 2 full, 1 part baths
    Home size: 2,350 sq ft
    Lot size: 1.21 ac
    Year built: 2008
    Parking spots: 4
    Days on market: 12
  21. 1 bed, 1 full bath
    Home size: 1,215 sq ft
    Lot size: 27,285 sqft
    Year built: 1923
    Days on market: 12
  22. 1 bed, 1 full bath
    Home size: 1,090 sq ft
    Lot size: 38,727 sqft
    Year built: 2005
    Days on market: 14
  23. 1 bed, 1 full bath
    Home size: 800 sq ft
    Lot size: 27,285 sqft
    Year built: 1923
    Days on market: 14
  24. 2 beds, 2 full baths
    Home size: 1,520 sq ft
    Lot size: 38,727 sqft
    Year built: 2005
    Days on market: 14
  25. 2 beds, 3 full baths
    Home size: 2,220 sq ft
    Lot size: 9.17 ac
    Year built: 2010
    Days on market: 15

See all Downtown Los Angeles Condos for Sale.
(all data current as of 8/1/2015)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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(2) Comments

  1. Jane, This is a wonderful report for your Downtown Los Angeles area. You certainly are my go-to LA agent for my clients and have never let me down! Your clients are very fortunate to have you sharing your knowledge along the way.

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