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Downtown Los Angeles: Sold Properties by Month Market Report is...

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Real Estate Agent with Berkshire Hathaway HomeServices California Properties 01238708

Downtown Los Angeles: Sold Properties by Month Market Report is down by 6%!

Posted on Mar 9, 2015 by in Downtown Los Angeles

downtown Sold properties by month

The Downtown Los Angeles : Sold Properties by Month Market Report is down by 6% ! On  closer analysis we discover that this is so insignificant in the big picture because in February 3014 there were 34 sales and in February 2015 there were 32 sales which is a small change of -2 which translates to the 6% decrease of the numbers. It is important to look at the numbers not just the per cent headlines or as some people would call the sound bites.

Every time I go downtown to show properties I see the positive and vibrant changes. There is life not just in the day time but at night as well. People are walking to restaurants and others are walking their dogs, clearly a sign of a community that did not exist fifteen years ago.

 

 

 

 

If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002(m) or homes@endrebarath.com or visit one of my websites  at  http://www.endrebarath.com.  I am a pet friendly realtor and I contribute a portion of my commission to local animal rescue organizations.

Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Endre Barath, Jr. - A great reminder for buyers, sellers, and those writing the headlines need to look at the data that made up that stat!  

You're smart to point out that it was only 2 sales that caused the drop, but it's also a good-point out that the number of opportunities in the downtown Los Angeles area is limited and that working with a local real estate professional is where the real value is at  for our clients!

Good report!

Mar 08, 2015 12:50 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com  too many people fall into the "headline" mentality, I see it even in the Stock Market, so yes we serve a purpose interpreting the real information to the clients, Endre

Mar 08, 2015 02:12 PM