REAL ESTATE NEWS
The Downtown Los Angeles real estate market has been sliding. Renters have been declining. Buyers have been stagnating. Sellers have been delaying. Home owners have been moving out of california. DTLA sees omen of fire sale and liquidation. Will it come true? #losangeles #realestate #market Check out the Chinatown Arts District.
How the Real Estate Market is Changing
The L.A. property market is coming down. Home prices have been falling for about 18 months in Downtown Los Angeles. We received reports that Pasadena was doing well, so we checked, and see that Pasadena home prices are falling. The Pasadena data that’s doing well is the number of homes sold, 289, which is 17 more homes sold than the same period in 2018. Pasadena lenders are doing better than ever because the number of transactions are up. Home prices are down 3% however, from $658,500 to $639,000. That’s a $19,500 drop from the same period in 2018. #pasadena | VIDEO
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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.
