Downtown LA Home Eval – Home Prices Los Angeles

Los Angeles home prices have seen strong gains over the past several years. Downtown prices of course outperformed the rest of Los Angeles County, as well as Orange County and across the entire U.S.

National figures are not as impressive recently.  Sales of previously owned homes dropped nationwide.  The National Association of Realtors reported that pending sales also fell last month.

But Downtown Los Angeles is happier news because local homeowners gained an average $48,711 in home value since last year. The naysayers who said a year ago that Downtown prices were “too high” and that they were a bubble about to burst have again been proven wrong. Downtown has yet again out-performed the surrounding area and the entire nation, with home prices rising significantly over the 12 months of the previous year.

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How much is your home worth?  Get a free online home evaluation at www.HomeEvals.com or fill out the online form:

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Find homes in Downtown Los Angeles:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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Corey Chambers, Broker
(213) 880-9910
coreychambers@yahoo.com
http://www.laloftblog.com/

Your Referrals Help the Kids. For every referral I receive, I donate a portion to the Children’s Hospital Los Angeles. With your referrals, you are helping Children’s Hospital ensure that critical life-saving care is available to every child they treat. http://www.ReferralsHelpKids.com

Copyright © This free information provided courtesy L.A. Loft Blog and CoreyChambers.com with information provided by Corey Chambers, Broker, DRE#01889449  Not associated with the homeowner’s association, seller 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.

*seller and Corey must agree on price and time of possession – details and conditions visit coreychambers.com

When to Buy and Sell Downtown Lofts – The Real Estate Market Barometer

Is It Time to Sell or to Keep Buying Downtown Real Estate?

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alta-loft-for-sale-200-n-san-fernando-rd-305-03Ever wish you had a crystal ball for Downtown L.A. loft and condo home values? While many home buyers and sellers must follow their own personal needs when it comes to timing, those who are most profit-minded will attempt to buy low and sell high in order to maximize return on investment. Downtown has demonstrated itself to be a market timing barometer of sorts that can tell us when to buy and sell by comparing Downtown to the rest of the country.

During the 2008/2009 economic downturn, Downtown Los Angeles experienced a timing cycle that was different from the rest of the USA. Downtown L.A. continued to boom for almost another full year after U.S. real estate values real-estate-valuesin general began to stagnate and decline in price.  In 2012, the national news was still reporting on the faltering and declining economy while Downtown Los Angeles was already beginning a huge, rapid boom. As the media was warning about a bleak future preceded by a coming wave of foreclosures (which never came) the boom in Downtown was already beginning.  But most did not hear about the Downtown boom until much later because even the local news was reporting the national news on real estate. Even our own local newspaper, the Downtown News largely ignored Downtown’s real estate turn-around until the mainstream news began to give some positive information, again almost a year later.

South Park Downtown Los Angeles

While past results do not necessarily predict future results, what else is there to go by? Based on what we have seen before, if the U.S. is about to go into a recession or some kind of funk, Downtown is predisposed to keep booming for about 10 months.  Then astute buyers and seller need to keep an eye on the actual real estate market in Downtown to see when to invest heavily in Downtown real estate. One thing is for sure, we cannot rely on the mainstream news to keep us informed on Downtown real estate trends.

If history repeats itself, which it usually does, Downtown property owners will have 10 months to consider selling at a high price before Downtown homes join the downward slide (which economists recently predicted to happen in 2018 or 2021 depending on whom you believe). By the same token, Downtown homeowners currently have an additional 10 months to load up on real estate while the U.S. continues to gain ground.

Keep your finger on the pulse of the market by seeing what has sold recently in Downtown with these free tools:

FIND OUT WHAT THE HOME DOWN THE STREET SOLD FOR

GET REGULAR DOWNTOWN MARKET SNAPSHOTS

FIND OUT HOW MUCH YOUR HOME IS REALLY WORTH

SOLD in Downtown Los Angeles

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P.S. Your Referrals Help The Kids!   $125 donation goes to help the extraordinary kids in need at Childrens Hospital Los Angeles on every home we sell this year.  Help us help Childrens.  Who do you know considering making a move that would benefit from the services we provide?  Call me at 213-880-9910 with their contact info, or have them contact me.  You can also visit http://www.ReferralsHelpKids.com.  Thank you in advance!

Copyright © 2015 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 necessarily associated with the home owner’s association, seller 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.