Los Angeles Real Estate and Homes for Sale
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If you are looking for a Los Angeles downtown loft or condo for sale, check out the most recent market report, a half yearly report through June 2012. Sold: 227 - there was a 6.36 increase in sales in the second quarter over the first, and a 9.13% increase over the same period last year. Median Price: $310,000 - this is a 5.57% increase, second quarter over first, and a 1.64% increase over the same period last year. Average Price per s/f: $382.83 - this is a 9.25% increase , … [Read more...]
Let's check in on the Downtown L.A. condo market to see how First Quarter figures look. The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed. Number Sold: 110, a decrease of 3.77% over the same period last year. Median Price: $283,750, a 2.99% decrease over the same period last year. There are 93 active listings on the market which means, with an average of 36.67 condos sold over the first three months, the market is trending towards a sellers' … [Read more...]
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' … [Read more...]
