Real Estate NEWS
The numbers for 2019 are in, and they show that Downtown Los Angeles real estate dropped down in many ways in the last 12 months. The number of real estate transactions fell by 16.9% in 2019 as compared to the previous year. The median home price fell by $20,000. The overall market is sluggish, as most homes took 32% longer to sell. How much will local area prices drop in 2020? #realestate #market #dtla #2019 #2020
HOME PRICES FALL
IT’S OFFICIAL: The year-long figures confirm the L.A. Loft Blog’s earlier warning and report of a real estate recession. These numbers include Downtown and the surrounding loft neighborhoods, including Lincoln Heights ( MLS areas 23, 42 and 1375 ). The median price dropped by 3% in 2019. | VIDEO
Based on all of the numbers, including statistics toward the end of 2019, the L.A. Loft Blog forecasts the median area home price to drop by an additional 4% in 2020.
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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]
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. Home buyers, sellers and investors should also conduct their own research. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.
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