DTLA Condo Prices Drop Back into $100,000s #dtla #realestate #prices
CAUTION: FALLING PRICES
As a slowing global economy appears, Italy’s economy has officially slipped into recession. While the Fed says that the U.S. economy is in a good place, December delivered a dismal dropkick to the American stock market, while Downtown Los Angeles property transaction volume dwindled. Lackluster loft sales in January of 2019 have certainly NOT renewed our faith in DTLA #homevalues.
REAL ESTATE NEWS
The good news: This has planted a glimmer of hope in the eye of those who must make a move to Downtown this year as buyers gain the upper hand. In fact, one happy new urbanite just snapped up a valuable Financial District property for only $199,000. Eight other buyers have also recently purchased Downtown condos for less than $300,000! Prospective urbanites can receive affordable loft listings at no cost, and thereby get access to unlisted homes as well.
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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.