REAL ESTATE NEWS — The preceding two months delivered dramatic news — a sudden leap in Downtown L.A. residential property prices. Does December corroborate the giant leap in urban L.A. home prices depicted in our October and November reports?
2020: 29 sold, Average Days on Market 88, Median sold price $550,000, $607,668 Avg
2021: 45 sold, Average Days on Market 57, Median sold price $630,000, $723,544 Avg
Last month saw 55% more Downtown homes sold, average home sold 65% faster, for $115,876 higher sold price on average, based real estate professional Multiple Listing Service for Downtown and nearby loft neighborhoods MLS areas 23, 42 and 1375. We can clearly see that December has corroborated the substantial recovery that the Loft Blog reported in October and November of 2021. | HOW MUCH IS MY HOME WORTH?
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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.