Molino Loft Windows, Steel, And Brick Click Picture to see Lofts for sale at Molino Lofts.
Charm and character are on tap here at the Molino Street Lofts. Wood beamed high ceilings, bamboo floors, custom track and pendant lighting, utility/storage closet with in-unit washer/dryer. Converted To lofts from a 1920’s warehouse Monlio Street Lofts are blessed with authentic architectural detailing: timeless red brick walls, exposed ductwork, and historic industrial cast iron i-beam pillar. Eclectic early 20th century features abound in this live/work loft. Versatile wide open floor plan living spaces include a modern kitchen with dark wood cabinetry, black granite countertops, stainless steel appliances and stylish lighting. Live/work, in-unit laundry washer, and dryer, wood flooring.
Keeping an eye on your buying power, real estate news has alerted us to this
Purchasing Power ticks up for many Home Buyers.
10-year swing in consumer purchasing power. Congratulations, it appears to be swinging in your favor. Use our search tools to find just the kind of live/work loft you are looking for in your preferred area and price range.
#molinostreetlofts
In a Loft having open floor plans and high ceilings allow the artist in you to reach out with your mind and harness the possibilities. A stage, a workbench, or a bar what do you see in your Loft? What would inspire your creative energy, besides coffee? Let us know what would you feature in your loft as a statement of your hearts’ delight? Leave a comment. #live-work
The Arts District was founded on the Live-Work efficiency of a Loft. Get Live/Work Loft information free here. Fill out the online form.
Molino Lofts Breeze Way Access. If you like the exposed brick this is heaven. Click the picture to see all Arts District Area Lofts and Condos for sale.
HOME SELLERS: BE PREPARED FOR LOWER PRICES IN 2019 / 2020
Scary real estate market of Downtown Los Angeles
Real Estate Market News (Downtown Los Angeles, CA) — The last six months of completed Downtown real estate activity shows very healthy numbers for sellers, and a pricey time for buyers: Downtown Los Angeles median price is up 3.2% over the last 6 months compared to the same period last year. Inventory of available Downtown homes for sale has dropped by 6.15% over the same period. Homes sold faster with average days on market dropping by 12.9%. So why is the L.A Loft Blog, along with a few other media, sounding the alarm?
While there is no reason to anticipate a huge downturn in home prices, all of the signs and signals are in — most importantly: the feedback from L.A. Loft Blog readers, who really are the final arbiters of truth regarding Downtown residential real estate. The wallets and calendar of the readers do not lie. When a Loft Blog visitor spends time and money, (or, in this case, stops spending time and money on something), there is no equivocation, no conjecture and no doubt as to the truth. L.A. Loft Blog readers (and other prospective buyers, sellers, tenants and landlords) have communicated explicitly through words and actions that they generally have no plans to purchase a home in the next 3-6 months. At the same time, very few plan to sell in the coming months. This combination indicates a plateau (little or no increase in prices for a sustained period) and a sideways market (a combination of roughly equal up and down prices). #dtla #realestate
DOWNTOWN LOS ANGELES REAL ESTATE MARKET METRICS
The calm before the storm — While the median price went up, the average sold price did not budge from the same period one year ago. This indicates that price pressure has already begun. The lowest home sold and the highest home sold prices are down from the previous year. Total volume of real estate sold is down by 6.2% over the same period. #homeprice
Locally, the statistics and the behavior of home buyers shows that we have reached a crossroads. “In 2019, the loft buyers have started to dry up,” says loft specialist Corey Chambers, Associate Broker with Realty Source Inc. “My clients and I bought lofts in 2012, and we did very well. Now, I’m informing prospective sellers that the time has come to consider locking in those gains by cashing out.”
For those who are considering selling their loft or condo, now is the time to put extra thought into future needs and wants. Once the market begins to falter, the slide may escalate faster that expected. Or, in this case, real estate could sadly stagnate for an extended period of time. Because the financial well-being or L.A. Loft Blog readers is on the top of our priority list, we are repeating the warning that we gave recently. — And remember, the mainstream media generally gives economic warnings about 6 months after they happen… too late.
HOME PRICES LIKELY TO DROP
We are not going so far as to predict the future, nor to guarantee any economics because there is no way to know how thousands of locals, and millions of individuals nationwide will behave at any time in the future. Based on the factual numbers and market data that we receive daily from hundreds of loft lovers corroborated by technical sources, we are confident that we can and should disclose the reality of a cooling market, and that we should reveal the likelihood of a mild price slide, plateau or sideways market coming up.
You must be logged in to post a comment.