REAL ESTATE NEWS (Los Angeles, CA) — The numbers are in, and Downtown L.A. real estate is looking up. Take a look at the increasing figures: 50% more listings this April compared to last. Properties selling 50% faster compared to last April. Median sold price and average price are down just a tad. Total volume is up by 50%!
Listings 2021: 40 and in 2022: 61
Average Days on Market 2021: 76 and 2022: 53
Median Days on Market 2021: 55 and 2022: 21
Median Price 2021: $575,000 and 2022: $550,000
Average Price 2021: $649,515 and 2022: $647,376
Total Volume 2021: $25,981,000 and 2022: $39,490,000
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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. 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.