Popular on Rezul News

Similar on Rezul News

Rezul News/10354683

Los Angeles Real Estate Market Data 2016 vs 201s

This report is a useful tool for buyers and sellers and it offers great insight on the condo/loft real estate market in Downtown Los Angeles.

LOS ANGELES - Jan. 18, 2018 - Rezul -- Per Christiano Sampaio, Broker/Owner of loftway, a prominent Los Angeles Real Estate Firm," 2017 was another amazing year for Downtown Los
Angeles. Property prices reached new highs and
some buildings saw double-digit appreciation. We
added two new building to the report, Metropolis
and 1050 Grand to a total of 36 buildings that we

In comparison with last year there were more units
sold, 353 versus 251 in 2016. The two brand new
buildings brought an influx of new units and that's
why there were more sales.
On the lease side, a lot of buildings experienced
depreciation with just a third going up. The huge
supply of new apartments on the market is

More on Rezul News
responsible for that. Leases are also taking longer to
rent, but a few buildings are still doing well.
The average days on the market decreased a bit
and buyers are still overbidding on certain buildings
where units are scarce. They are definitely more
picky now and some buildings have lots of listings
while some have nothing for sale. The Arts District
and Historical buildings like Eastern and Rowan still
especially hot.

There are tons of cranes all over Downtown and by
this time next year the skyline will look a bit different.
Loftway is a full-service Real Estate brokerage dedicated to LOFTS and ARCHITECTURAL homes.in the Los Angeles area.

When it's time to move forward with buying a loft, be sure to contact http://www.loftway.com, the premier Los Angeles Loft sales company.

For a full pdf copy of the report, go to:

Christiano Sampaio

Source: Loftway.com
Filed Under: Real Estate

Show All News |


Latest on Rezul News