REAL ESTATE NEWS — The average loft in Los Angeles sold for $699,475 in 2017 (median price $622,500 in the last 12 months). The prices are expected to increase next month as throngs of loft home shoppers come out for the new year with a resolution to change their lives while also improving the lives of others. They will be bidding against each other, driving up the the price, while many prospective buyers will find themselves outbid on their dream loft.
DOWNTOWN REAL ESTATE MARKET
The average loft was on the market for 64 days (52 median days on market). The best deals go fast. In fact, more than 31% of the lofts sold in less than 30 days, at an average of more than 100% of asking price. The under $700,000 price range is the most popular. Sellers in DTLA are happy with their superior investments, and they are not letting their homes go cheap. In a competitive marketplace like Downtown L.A., buyers who don’t have unlimited money will need to have the right plan, strategies and tactics to get the most amazing loft and the best deal. #popular #lofts #dtla
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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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