The Highest and Lowest Priced Downtown Los Angeles Condos/Lofts of 2012!

Photo Credit: www.la.curbed.com

"Loftway" just released its 2012 annual condo/loft report regarding 30 buildings in Downtown Los Angeles. The highest priced condo sold for $4 million and the lowest priced condo sold for $120,000. There were 354 total sales and the average standard sales price was $600,056 (487.73/sq ft). The average days on the market for standard sales was 82 days, indicating a relatively healthy market. There were 293 leases at an average of $1.99/sq ft. The 1100 Wilshire and the Luma had the most leases.

The top 5 most expensive buildings based on price/sq ft:

1. The Ritz Carlton Residences - $858.33/sq ft
2. The Evo - $542.90/sq ft
3. The Luma - $471.17/sq ft
4. The El Dorado - $463.82
5. 1100 Wilshire - $449.51

The cheapest 5 buildings based on price/sq ft:

1. The Little Tokyo Lofts - $200.29/sq ft
2. The Alta Lofts - $209.68/sq ft
3. The Tomahawk Lofts - $214.19/sq ft
4. SB Grand - $215.86/sq ft
5. Molino Street Lofts - $231.70

Find out some more details here:

There are many great condos currently on the market in Downtown LA! Downtown LA condos/lofts can be great investment properties because of their central location to schools (USC, Loyola Law School, Southwestern Law School, FIDM, etc), financial offices, the Staples Center, and more!

I would be happy to assist you in purchasing or selling a property in the downtown Los Angeles or greater Los Angeles and Orange County areas! Please allow me to provide you with an up to date list of available properties that fit your criteria or provide a professional estimate of your home value at no cost! 

Feel free to contact me anytime at (310) 717-1321 or JamieTian@RodeoRE.com with any questions or concerns.

Click the "Search Homes For Sale" tab above to search homes currently for sale in the greater Los Angeles and Orange County areas (updated live from the MLS). Make sure to zoom in your browser 100% or the map may not work correctly.

Market Trends & Increased Demand For Creative Offices In West Los Angeles (Santa Monica, Playa Vista, Marina del Rey, etc)

Santa Monica is the first choice location for many large media and technology companies. With the increased growth in the technology and media industry, the high demand for nontraditional office space featuring modern architectural design has created a shortage of vacant office space in Santa Monica.

According to a recent LA Times article, direct vacancy in the Westside creative office market was 9.2%, the lowest level since the first quarter of 2009. Much of the growth is coming from established technology and digital media companies including Google, Apple, Pandora, and YouTube.

Santa Monica has become a technology hub, home to many of the world's biggest names such as Google and Yahoo. However, due to the lack of inventory, many new tech and media companies are expanding their office locations to the outskirts of Santa Monica which has helped push growth into nearby markets such as Playa Vista, Culver City, Marina del Rey, and Playa Del Rey.

Please feel free to contact me at (310) 717-1321 or JamieTian@RodeoRE.com if you are interested in finding out more info about properties in any of these areas.

I would be happy to assist you in purchasing, leasing, or selling a property in the greater Los Angeles or Orange County areas! Please allow me to provide you with a list of available properties that fit your criteria or provide a professional estimate of your property value at no cost!

Click the "Search Homes For Sale" tab above to search homes currently for sale in the greater Los Angeles and Orange County areas (updated live from the MLS). Make sure to zoom in your browser 100% or the map may not work correctly.