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Downtown Los Angeles Condo Market Report, 1st Qtr. 2012

By
Real Estate Broker/Owner with Home Jane Realty BRE# 01439865

Let’s check in on the Downtown L.A. condo market to see how First Quarter figures look.

Downtown

The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed.

Number Sold:  110, a decrease of 3.77% over the same period last year.

Median Price:  $283,750, a 2.99% decrease over the same period last year.

There are 93 active listings on the market which means, with an average of 36.67 condos sold over the first three months, the market is trending towards a sellers’ market.

Overall, the Downtown L.A. condo market is fairly stable, but now that inventory is low, we will have to see the movement over the next Quarter.

Culver City homes for sale

 

Showing properties 1 - 15 of 140. See more Downtown Los Angeles Condos for Sale
(all data current as of 5/14/2012)

  1. 0 medium Downtown Los Angeles Condo Market Report | 1st Qtr 2012
    0 beds, 1 full bath
    Home size: 800 sq ft
    Year built: 2006
    Parking spots: 2
    Days on market: 1
     
  2. 0 medium Downtown Los Angeles Condo Market Report | 1st Qtr 2012
    2 beds, 2.0 baths
    Home size: 1,280 sq ft
    Year built: 2006
    Days on market: 3
     
  3. 0 medium Downtown Los Angeles Condo Market Report | 1st Qtr 2012
    1 bed, 2.0 baths
    Home size: 1,130 sq ft
    Year built: 2006
    Days on market: 4
     
  4. 0 medium Downtown Los Angeles Condo Market Report | 1st Qtr 2012
    2 beds, 2.0 baths
    Home size: 1,140 sq ft
    Year built: 2006
    Days on market: 4
     
  5. 0 medium Downtown Los Angeles Condo Market Report | 1st Qtr 2012
    0 beds, 1.0 baths
    Home size: 790 sq ft
    Year built: 2006
    Parking spots: 1
    Days on market: 4
     
  6. 0 medium Downtown Los Angeles Condo Market Report | 1st Qtr 2012
    2 beds, 2 full baths
    Home size: 1,238 sq ft
    Year built: 1970
    Parking spots: 2
    Days on market: 5
     
  7. 0 medium Downtown Los Angeles Condo Market Report | 1st Qtr 2012
    0 beds, 1 full bath
    Home size: 3,000 sq ft
    Year built: 1923
    Parking spots: 2
    Days on market: 5
     
  8. 0 medium Downtown Los Angeles Condo Market Report | 1st Qtr 2012
    0 beds, 1 full bath
    Home size: 650 sq ft
    Lot size: 15,922 sqft
    Year built: 1911
    Days on market: 6
     
  9.  Downtown Los Angeles Condo Market Report | 1st Qtr 2012
    1 bed, 1.0 baths
    Home size: 840 sq ft
    Year built: 2005
    Days on market: 6
     
  10. 0 medium Downtown Los Angeles Condo Market Report | 1st Qtr 2012
    2 beds, 3 full baths
    Home size: 1,920 sq ft
    Lot size: 18,467 sqft
    Year built: 1923
    Parking spots: 2
    Days on market: 6
     
  11. 0 medium Downtown Los Angeles Condo Market Report | 1st Qtr 2012
    2 beds, 2 full baths
    Home size: 1,370 sq ft
    Year built: 1925
    Parking spots: 2
    Days on market: 7
     
  12. 0 medium Downtown Los Angeles Condo Market Report | 1st Qtr 2012
    2 beds, 2.0 baths
    Home size: 1,327 sq ft
    Year built: 1982
    Days on market: 9
     
  13. 0 medium Downtown Los Angeles Condo Market Report | 1st Qtr 2012
    2 beds, 2.5 baths
    Home size: 2,380 sq ft
    Year built: 2008
    Days on market: 10
     
  14. 0 medium Downtown Los Angeles Condo Market Report | 1st Qtr 2012
    2 beds, 2.5 baths
    Home size: 1,332 sq ft
    Year built: 2011
    Parking spots: 1
    Days on market: 10
     
  15. 0 medium Downtown Los Angeles Condo Market Report | 1st Qtr 2012
    0 beds, 1 full bath
    Home size: 900 sq ft
    Lot size: 1.75 ac
    Year built: 1922
    Parking spots: 2
    Days on market: 10
     

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

 

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Read more: http://www.homejane.com/downtown-los-angeles-condo-market-report-1st-qtr-20112.html#ixzz1urolbKqH

Comments(14)

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

Jane - You do an excellent job on showing buyers and sellers what is going on in the Downtown Los Angeles Condo market.  I really like how you incorporate listings into your report.  Nicely done! 

May 14, 2012 04:08 AM
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Jane, great real estate market report for the Downtown Los Angeles Condo market.  

May 14, 2012 04:20 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Laura,  I appreciate it.  Thank you.

Juli,  thank you very much.

 
May 14, 2012 05:53 AM
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Jane,

Like hearing some Seller trends in your market!  That means prices will go up! g

May 14, 2012 08:03 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Gordon,  one would definitely think so.

May 14, 2012 08:07 AM
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Lower inventory and increased demand has to indicate higher prices in the near future. We are definitely inching toward seller's market.

May 14, 2012 10:27 AM
William Johnson
Retired - La Jolla, CA
Retired
Hi Jane, A Seller's Market, we haven't heard that term in a while. Great report and a nice selection of the variety of properties at different values. That 1.7M beauty is definetly my style.
May 14, 2012 12:40 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Sarah,  I certainly think many areas are.

William,  it's available :)

 

May 14, 2012 01:52 PM
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

A great report and insight into the market in your area.  They year-to-date average is interesting of only 3%.  Prices haven't gone down that much it seems.

May 15, 2012 06:40 AM
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

It seems like eveyone is in agreement that the sellers are starting to have a little leverage, and Los Angeles condos have really taken a beating over the last few years. It's time to have a little balance.

May 15, 2012 11:37 AM
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Jane, California was the first one in, and you are leading us out of this market mayhem we have lived through. How exciting that the Los Angeles Condo market is trending a Sellers market - at last!

Sharon

May 15, 2012 02:02 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Carla,  not Downtown they haven't.

Larry,  nice isn't it.

Sharon,  in some areas it is.  Not everywhere.

May 15, 2012 02:52 PM
Broker Patty Da Silva Da Silva
Green Realty Properties® - 954-667-7253 - Cooper City, FL
Top Listing Broker

Jane, interesting to see that both the price and number of units had a small decline. The low inventory is going to make the Q2 numbers change for sure.

May 16, 2012 10:25 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Patty,  it will be interesting to see.

May 16, 2012 10:38 AM