DTLA Home Prices Fall Property Values Plummet in 2020

Downtown Los Angeles Real Estate Market Report 2020

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The Loft Blog recently provided the property market report for December. Here are the DTLA real estate numbers for the entire year of 2020 compared to the year before. Fewer people are moving. Homes are selling for less money. 2.4% fewer listings. Median price down 4.5%. Total homes sales volume down 17.4%. Statistics based on MLS data for Downtown and nearby areas 23, 42 and 1375.

2019
385 listings; $605,000 median price; $290 million total volume

2020
376 listings; $577,500 median price; $247 million total volume

The blight and crime in Downtown Los Angeles are much worse than most realize. It will take longer to unwind and repair than most can fathom. The opportunities are also much greater than many believe.

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, 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.