Tag: recently

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Recently SOLD in Downtown Los Angeles – Lofts and Condominium Comps

SOLD HOMES – Knowing The Real Price of Properties  #sold #dtla

How to sell a Downtown Loft or Condo - New Homes on the L.A. River $499,000
River House Sold Out – How Much Did They Really Sell For?

One of the most common mistakes that consumers make in real estate and other resale transactions is paying too much attention to asking prices and not enough attention to recently sold comparable prices (comps). The listed price for real estate can be all over the place: too high, too low or just right. The only way to know for sure is by taking a look at listings of similar properties nearby that that recently sold and closed escrow. It’s helpful to know what sellers are asking for, but by knowing what buyers really paid of their hard-earned money, we can determine what a comparable property is really worth today, and how much we will really need to fork over of our precious funds.  |  RECENTLY SOLD

Downtown Los Angeles Homes Sold Prices

For new build homes, the comps are often not quite as accurate because new homes are generally more expensive than the average surrounding home. The new home is nice, beautiful and new, does not usually need much maintenance for years, and generally comes with a one year warranty. When River House recently sold out, some buyers paid the asking price (usually a mistake), while others offered a bit less and saved thousands of dollars. For example, a River House 2 bedroom 2 bathroom unit sold last week for about asking price but the buyer was able to negotiate more than $10,000 of flooring and other incentives.

Downtown Homesellers

Get a free list of recently sold Downtown Los Angeles Area homes. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

Eckardt Building Santee Village Downtown Los Angeles
Cornell Lofts Unit #310 Sold Above Asking Price at $510,000

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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JUST SOLD – LITTLE TOKYO LOFTS 420 S SAN PEDRO ST

Knowing what sold recently is the most reliable way to discover the current home value.

Just Sold Little Tokyo Lofts

HOME PRICES

findoutwhat-1041 copyBy  learning what people actually paid for a property, we don’t need to guess as to what buyers will pay today.  The Listing Price (or Asking Price) can help to understand the psychology of the seller, but they are only accurate predictors about 1/3 of the time, as about 2/3 of properties in downtown sell for significantly more or less than the asking price. #dtla #sold

Property Values:  The above Little Tokyo Loft 3rd floor unit sold this week. Since it went into escrow, prices have increased while inventory has shrunk because the unit was purchased during the holiday season.  The busy real estate season in Downtown Los Angeles starts Jan 2 and stays busy all the way until October 29.

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The Little Tokyo Loft south side unit sold for a bit less than the asking price. The unit has a leak in the rooftop drain pipe that extends vertically all the way through the building. The pipe is more than 100 years old, and leaks slightly whenever it rains hard. The Little Tokyo Lofts Homeowners Association is again trying to repair the leak.  The HOA is being sued by another residents who had a leak in his unit, that damaged his rare hollywood prop wallpaper.  Find Downtown and L.A. recently sold loft prices at www.LALoftPrice.com.

Find out how much the loft down the street sold for.  Request a free list with sold prices. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

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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 CoreyHasTheBuyers.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.