Rates Up, But Prices Still High?

When rates go up, normally, prices start barreling down. But prices haven't gone down much at all. This is because there's not as much housing available to go around. When you see areas that have some more price softening, you'll see that the areas have more housing inventory. 

One thing is for sure, there are some deals to be had out there as the multiple offers are starting to go away, and price drops have increased and days on the market are also increasing about about 10 days compared to the same time last year.

Some interesting deals right now in DTLA based on Price/SF, rare corner, Mills Act, layout, etc:

Cornell Loft #704 - $465K - L-shaped layout, parking, massive windows, Mills Act

https://www.themls.com/mlslistingphoto/listing/slideshow/#/24-374153

Bartlett Loft #1304 - $465K - 14" ceilings, Mills Act, exposed brick, north facing

https://www.themls.com/mlslistingphoto/listing/slideshow/#/24-347225

Eckardt #504 - $489K - Parking, soaring ceilings, Mills Act

https://www.themls.com/mlslistingphoto/listing/slideshow/#/23-313901

Eckardt Loft #403 - $475K - Corner orientation parking, Mills Act

https://www.themls.com/mlslistingphoto/listing/slideshow/#/24-348103

Rowan Loft #816 - $550K - Rare corner with coveted park views, Mills Act

https://www.themls.com/mlslistingphoto/listing/slideshow/#/24-372451

Textile Loft #1002 - $595K - Parking, storage, corner orientation for stunning views, Mills Act

https://www.themls.com/mlslistingphoto/listing/slideshow/#/24-373185

EVO #402 - $599K - 2 bathrooms, luxury amenities, parking

https://www.themls.com/mlslistingphoto/listing/slideshow/#/24-375881

Eastern Columbia #307 - $810K - Massive 14' ceilings, coveted south facing, EV Charger, Mills Act

https://www.themls.com/mlslistingphoto/listing/slideshow/#/24-374437

Eastern Columbia #603 - $900K - Massive double unit, 2250sf, Mills Act, storage unit, parking

https://www.themls.com/mlslistingphoto/listing/slideshow/#/24-372451

Rare Opps + Deals in DTLA

1100 Wilshire #2610

680sf - $559K

5 Parking spaces, yes, 5 reserved spaces come with this 1 bed/1 bath loft-style condo with spectacular city views. Building has it all: rooftop deck, pool, panoramic views, hot tub, outdoor dining, gym, media room 24/7 front desk security, dog run, etc. 

849 S. Broadway #307

Eastern Columbia Lofts

1110sf - $849K

Rare balcony unit and 14'+ ceilings. This spectacular Art Deco building has it all. Rooftop pool, 24/7 security, Gym, lobby, courtyard, and Mills Act tax savings. 1 parking space w/ EV Charger

1111 S. Grand #613

Elleven Lofts

930sf - $595K

Beautifully maintained east-facing loft with dedicated parking space w/ EV Charger, rare valuable deeded storage unit.

Interesting Properties for Sale in DTLA Right Now

257 S. Spring #4G

2 bed, 2 bath 1 underground parking space, corner unit

Mills Act Building

Walk to Grand Central Market, The Broad, Little Tokyo, Arts District, Gallery Row, Spring Arcade

Coldwell Banker - Call for pricing (310-869-2655)

1100 Wilshire #2202

2 bed, 2 bath 2 parking spaces, corner unit with 270 degree views

Down the street from Fig & 7th, Staples Center, Restaurant Row

$1.168M

Courtesy of KW Executive - Silvia Cheung

416 S. Spring #810

1 bed, 1 bath 1 parking space, charming former residence of Charlie Chaplin

Mills Act Building

Walk to Grand Central Market, The Broad, Little Tokyo, Arts District, Gallery Row, Spring Arcade

$519K

Figure8Realty - Nicole Kilmer

530 Molino #211

1 bed, 1 bath 2 parking spaces, massive loft over 3000sf

Walk to Soho House, Arts District Shops, Bestia, Bavel, Girl & Goat

$2.1M

Iota Realty - Jonathan Yuen

738 S. Los Angeles St #203

2 bed, 1 bath 1 parking space, massive private patio

Mills Act Building

Walk to Proper and Ace Hotels, Fashion District shops, Flower Market, Whole Foods

$545K

Roxana Godinez, Loftway

1130 S. Flower #102

2 bed, 2 bath 2 parking spaces, Massive patio and split level orientation

Walk to Staples Center, The Bloc, Fashion District, Whole Foods, Financial District

$998K

Lotus - Chi Lieu

Rare Corner Loft with 14' Ceilings + All Double Paned Windows + Balcony + Storage Unit

Eastern Columbia Lofts #311 - Historic Core

Rarely does a loft that has it all come on the market. This Eastern Columbia Loft has so much going for it, and here are just a few of the highlights:

• Mills Act - Huge annual property tax savings for homeowners
• Corner orientation
• Oversized windows
• Soaring ceilings (14-foot!)
• Rare storage unit inside the building
• Balcony
• Double paned windows
• Two bathrooms
• Open plan layout for flexibility
• Tons of storage and closet space
• Impeccable renovation with functional built-ins
• Located in an established area within steps from Whole Foods, Ace Hotel, Hoxton, upcoming Apple Flagship, Museum Building, Grand Central Market, Spring Arcade, The Bloc, Paul Smith, Acne, Theory, Mykita, Ganni, Terroni, Dopalavoro, Soul Cycle, Orpheum, Cliftons, Kazunori, Regent Theater, United Artists Theater, and more

https://www.homecb.com/849SouthBroadway311-LosAngeles

Offered at $1,898,000. For a tour, contact 310-869-2655

Zen Retreat in the heart of DTLA - Higgins Loft #207

Higgins Loft - 1250SF - Offered at $749,000!
108 W. 2nd St, #207
Los Angeles, 90012

This gorgeous loft in the Beaux-Arts Higgins building is a unique gem. With an amazing layout that allows for multiple bedroom and office areas, this open and airy loft even features a huge 150sf (approx) private patio. Best of all the loft has the advantage of the Mills Act, which allows for a significant annual property tax savings.