Downtown LA real estate is making some positive improvements. According to data from Redfin, DTLA homes are selling sooner and faster than they sold in the same period last year. And more units are selling. Also, prices are down. Over the last few years, so much uncertainty froze the market. This 2022 Spring-Summer sales period is full of welcome news for buyers and sellers alike. Sellers can see a path to make a sale happen and buyers are looking forward to finding affordable lofts. The Loft Blog’s latest numbers differ significantly from Redfin’s. Take a look at the updated L.A. Loft Blog Real Estate Market Report May 2022, which shows more evidence of stagflation.
One unit that LALoftBlog was listed during the slowest period appears to have found new interest from buyers and renters after going off the market due to lack of interest. See a video tour here. Congratulations to the lucky resident in the Little Tokyo Lofts! #affordablelofts #DTLA
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Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. EAC1983 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 are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.