Downtown Los Angeles Real Estate Market Report January 2022

REAL ESTATE NEWS — Urban L.A. real estate prices shot up dramatically at the end of 2021. Is the upward trend continuing in the beginning of 2022?

Statistics show that January 2022 continues the upward trend that was revealed over the last few months. Last month saw a dramatic increase in homes sold, along with a $50,000 gain in price. Homes sold much faster as well.

January 2021: 188 homes sold; Median Days on Market 55; Median Price $544,500
January 2022: 264 homes sold; Median Days on Market 32; Median Price $599,500

Numbers are based on TheMLS statistics for loft neighborhoods around Downtown Los Angeles 23, 42 and 1375 as compared to the same period of the previous year.

HOW MUCH IS YOUR HOME WORTH?

Find out how much your loft, condo or house is worth only. Get a free list of recently sold comparable nearby properties, with photos and details, along with a list of currently active homes for sale. 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 with information provided by Corey Chambers, Realty Source Inc, DRE 01889449. We are not associated with the seller, homeowner’s association 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.

Buy Real Estate Before Inflation?

REAL ESTATE NEWS

In today’s unique economic climate, does it make the most sense to own real estate before run-away inflation gains a foothold? Some are feeling a sense of urgency to buy a house before prices go up, according to Yahoo Finance. Others, including Nicholas Gerli of Reventure Consulting, are projecting that the real estate market shall fall due to the very high location in the home price market cycle.

Prospective home buyers, renters and sellers should consider that the national real estate market does not usually apply well to large city urban centers. Deserts and suburbs are likely to see more downward pressure due the long term market cycle, but cities are seeing new upward price pressure, as they are often opposite in that long cycle. Downtown Los Angeles property values fell over the last few years while suburbs shot up, thus newly recovering DTLA today feels more upward pressures. The long cycle and intensifying inflation pressures are expected to counteract downward price pressures. Hidden failures of government; economic destruction caused by virus hysteria along with obfuscated Fed policy crisis all add up to economic depression combined with runaway inflation. The name of the game is stagflation, in which gold, commodities, real estate, physical assets and blockchain investments are the winning combination.

Get a free list of the top ten best investments in Los Angeles real estate and nationwide during this era of stagflation. 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

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449. We are not associated with the seller, homeowner’s association 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.