URGENT Downtown Los Angeles Real Estate Market Report – September 2019 Prices Drop

September Homes Sales Take 70% Longer, Sell for $35,000 Less

REAL ESTATE NEWS ALERT – SPECIAL BULLETIN

Los Angeles, CA  —  Thinking about selling a Downtown loft or condominium?  Better allow more time to unload it —  a LOT more time.  The September year-over-year real estate market has shrunk significantly. Things are really slowing down. Homes are taking much longer to sell. The September median Days on Market is way up from the same month period in 2018.  Last September, it took most homes 40 days to sell, but last month, it took a staggering 68 days to sell a home in the loft neighborhoods around DTLA to Lincoln Heights.  The numbers from the MLS show that homes have been moving much slower in 2019 as compared to recent years. #realestate #market #news

The latest bubble seems to be deflating. Don’t expect too much money when selling over the next several years. Median price has dropped down substantially from $625,000 to $589,875. Sellers are getting 1% less of their asking price: On average, down from 96% Sep 2018 to 95% Sep 2019.

While falling prices may seem like bad news for sellers, those few who must buy a home over the next year or two are likely to find growing selection, more affordable prices and lower interest rates as the Fed shows unfettered willingness to accommodate.

Los Angeles is not alone. Real estate agents all over California have been reporting a cooling market for more than a year.  Other areas with even more dramatic recent home price drops include New York City, Hong Kong and London.  #dtla

Find out how much your neighbor’s loft sold for.

Get a free list of recently sold homes, along with prices, and a list of homes just listed for sale in the area.  CLICK HERE


How to Set Your Asking Price When Selling Your Los Angeles Condo

Downtown Los Angeles – When you decide to sell your home, setting your asking price is one of the most important decisions you will ever make. Depending on how a buyer is made aware of your home, price is often the first thing he or she sees, and many homes are discarded by prospective buyers as not being in the appropriate price range before they’re even given a chance of showing.
Your asking price is often your home’s “first impression”, and if you want to realize the most money you can for your home, it’s imperative that you make a good first impression.
This is not as easy as it sounds, and pricing strategy should not be taken lightly. Pricing too high can be as costly to a homeseller as pricing too low. Taking a look at what homes in your neighborhood have sold for is only a small part of the process, and on it’s own is not nearly enough to help you make the best decision. A recently study, which compiles 10 years of industry research, has resulted in a new special report entitled “Homesellers: How to Get the Price You Want( and Need)”. This report will help you understand pricing strategy from three different angles. When taken together, this information will help you price your home to not only sell, but sell for the price you want.
To hear a brief recorded message about how to order your FREE copy of this report call toll-free 1-800-791-4541 and enter 1016. You can call any time, 24 hours a day, 7 days a week.
Get your free special report NOW to learn how to price your home to your maximum financial advantage.

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

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.

Downtown Los Angeles MLS areas 23,42 and 1375.  Statistics PDF files are attached.

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5G Map Downtown Los Angeles

Here Is The Unofficial 5G Home Coverage Map for Verizon

Verizon 5G Coverage Map Downtown Los Angeles - Unofficial
Verizon 5G Coverage Map Downtown Los Angeles – Unofficial

5G is still in its infancy, with spotty coverage and finicky, overheating, risky (headache-inducing and possibly deadly) hardware.  After 5G was suspected of killing hundreds of starlings, 5G is now being tested on homeless in Downtown Los Angeles. We’ve seen it being installed around Skid Row before other neighborhoods.   Fortunately, people have not been dropping like starlings in Downtown Los Angeles (yet), but we still don’t know if we’re going to have long-term health hazards or other problems, and we don’t know how easily the power output of the monstrous cell towers can be ramped up to death-ray level.   It’s a fact that 5G signals are similar in wavelength to the emissions inside your microwave oven.  The 5G transmitters are supposedly much lower power.  But, why then are such “low-power” devices bursting into flames?  Just to be on the safe side: If you see lots of black helicopters over DTLA, then you might consider running far away from the ominous devices. #5gmap #dtla  |  3G / 4G / 5G COVERAGE MAP

Verizon’s 5G Home service might be great — when you can get it. The carrier’s coverage area is quite limited, but, based on the maps that we’ve seen, Verizon might have the best coverage for Downtown L.A.  Most mobile customers do not yet have 5G phones. Compatible mobile phones currently cost about $1,000 to $2,000.

Do you think Downtown LA is ready for 5G?  Fill out the survey form:

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Legal Loophole Costs Local Homeseller $3,742 in the Sale of Their DTLA Condo

Downtown Los Angeles – When you’re buying or selling a home, there are many small but important legal issues that you may be unaware of that are, nevertheless, critical to understand. Residential real estate is not an uncomplicated process. When such a major investment is transferred from one party to another, there are subtle details to take care of that can turn into major problems if not handled correctly. It is essential to understand the legal ins and outs that will properly protect you when you buy or sell a home. There are several issues that will certainly cost you if you are not properly informed. In a recent situation right here in the area, misinformation cost one local homeseller over three thousand dollars in the sale of their home. Don’t let this happen to you. In answer to this issue, Industry Insiders have prepared a FREE special report entitled, “Legal Mistakes to Avoid When Buying or Selling a Home” To hear a brief recorded message about how to order your FREE copy of this report call toll-free 1- 844-837-3308 and enter 1011. You can call any time, 24 hours a day, 7 days a week. Get your free special report NOW to protect your investment when you buy or sell your home.

Get the free report: Legal Mistakes to Avoid When Buying or Selling a Home.  Fill out my online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

T-Mobile 5G Coverage Map Downtown Los Angeles - Unofficial
T-Mobile 5G Coverage Map Downtown Los Angeles – Unofficial

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.