Category: Real Estate News

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Los Angeles Real Estate Market – OceanWide Plaza Limbo, Leaving LA., California Exodus

Scary Real Estate Market in Downton LA as Home Prices Drop  #dtla

California Real Estate Market - Middle-class residents leaving the state
California Real Estate Market #news  – Middle-class residents leaving the state

Local news has reported a trend that is hard to ignore:  more people are now leaving California than are moving in.  Last year OC 20,104 leave than move in. Thats the 10th worse net outmigration among big counties in the U.S.  Los Angeles county saw 98,608 people leave.  For wealthy Californians, the results are mixed as the rich move in and out of the state in similar numbers.

OceanWide Plaza New Construction Halts

Bloomberg reports that OceanWide Plaza construction is halted as the developer attempts to get more financing: L.A.’s $1 Billion Trophy Tower Halted as China Pulls Back.  Oceanwide Plaza is stuck in limbo as developer seeks loan, as the subcontractor wants to press on with a lawsuit over unpaid work.  #losangeles #realestate #market   |   VIDEO

The pace of new home sales in Downtown has slowed, giving prospective new home buyers a break.   |   NEW HOMES INTEREST LIST

Leaving California:  The Exodus from the Golden State – video from a resident who moved out of the state many years ago:   |   VIDEO

The number of foreclosures and auctions has begun to tick up recently. Get a free list of distressed homes for sale in Los Angeles.  Fill out the online form:

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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.

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Sylmar Fire

Deadly Saddleridge Fire Burns the San Fernando Valley Fueled by High Winds; Mandatory Evacuations Ordered #sylmar #fire

Los Angeles Times calls the Sylmar Fire “new dystopia” as 2 million residents have been left without electric power.  #sylmarfire

At least 1 dead, dozens of homes destroyed, including several million dollar homes in Granada Hills, roads closed and mandatory evacuations creating traffic nightmares in Chatsworth and Simi Valley. Several families have lost homes, completely destroyed in Porter Ranch, while Santa Clarita and El Sereno are also affected.  Less than 30 miles from Downtown Los Angeles, more than 100,000 residents forced from their homes.   |   VIDEO

Many of the destroyed single family pool homes were in the most desirable neighborhood in Granada Hills with spectacular views and huge 16,000 to 26,000 sq ft lots. Near the 14/5 interchange and the 118 freeway, the sadly destroyed homes had views of the valley, downtown, the Santa Susana, San Gabriel and Santa Monica Mountains. Shifting winds have made the battle challenging for firefighters.   |   NEWS

Skycrane helicopters are making water drops on flames approaching Porter Ranch to protect million dollar homes in the neighborhood.  The fire was only 13% contained as of Friday afternoon.   |   L.A. FIRE MAP

Sandalwood fire SOS Alert • Calimesa, California and Reche Canyon Fire

Our condolences go out to all of those affected by this disaster.

Get a free list of distressed properties for sale. 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 | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

EVACUATE

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.