Violence Progresses in Trashed Downtown Los Angeles

REAL ESTATE NEWS

Violent protestors continued attacking LAPD police officers again this weekend, also damaging city and federal property. Several of the brutal rioters spray painted walls, smashed windows of the courthouse, and physically assaulted officers between the city hall and federal building on North Los Angeles Street. Protestors marched onto the 101 and 110 freeways, blocking traffic and causing deadly safety hazards. #dtla #violence

The melee comes on top of the very rapid growth of tent encampments, dumping and garbage that the City of Los Angeles is permitting to block more and more sidewalks as homeless and other pedestrians are being forced to walk in the streets, where they are sadly mowed down by deadly hit and run drivers.

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Find out how much the home down the street sold for. Get a free list of recently sold homes in the area. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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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.

March Home Prices Drop $35,000 in Downtown Los Angeles

Home Values Plummet in Los Angeles Amid Sprawling Squalor

REAL ESTATE MARKET UPDATE #homeprices #losangeles

The March 2020 numbers are in, and we are not surprised by the statistics. We expected to see an apocalyptic dive, and we see a substantial dip indeed. The market moved briskly, as the number of sold property listings shot up from 33 sold in March 2019 to 56 transacted in March of 2020 (good news for real estate agents). Lofts and condos sold on average 33 days faster this March, compared to the same period last year. Most homes dropped in price from $615,000 last March to a median price of just $580,000 this March. The average Downtown Los Angeles home buyer paid about $35,000 less than the same period last year in the loft neighborhoods around Downtown Los Angeles MLS areas 23, 42 and 1375. This confirms that 2020 continues the recessionary deflation of urban home values that we reported last year. | Blog Video

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Coronavirus crash, along with the long term economic cycle, seems to be the most likely culprit in the market, but new rent control bureaucracy, along with homeless tent cities and insufficient law enforcement may be contributing to falling housing values. Due to the largest economic shutdown in history, a major real estate crash across the country, and world-wide, is inevitable. #realestate #dtla #lofts

Find out what the home down the street sold for. Fill out the 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
Tent Cities and Coronavirus Contribute to Falling Real Estate Prices in Los Angeles

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.