Year End Stats for DTLA

Since the crash in 2008, the market has been steadily increasing in L.A. and downtown in particular. There's a lot of speculation about what's to come in 2017. Interest rates are supposed to be lowered, causing more demand for houses and as a result, prices to continue going up. 

So will it be a good time to sell? 

- Yes. 

Should I rent out my condo?

- If you're planning on renting out your unit, then expect a lot of competition from the many rentals that will be on the market so your place may sit longer than 30 days on the market before getting rented. 

Will it be a good time to buy? 

- If you're planning on holding for 3-5 years then yes. 

- If you're planning on flipping in 1-2 years, then no.

Year        Average Sold Price/SF

2016        $636/SF  

2015        $614/SF

2014        $554/SF

2013        $494/SF

2012        $384/SF

Pocket Lease - Eastern Columbia Loft #510 with Balcony

Presenting the beautiful 1200sf loft in the coveted Eastern Columbia building. The open plan loft gets lots of sunlight through oversized windows, and features a balcony that faces West. The L-shaped loft is ideal for separating out a bedroom area. Nice chef's kitchen with stainless steel Viking appliances, an designer bathroom with tons of storage, and dark polished concrete floors. The building has a rooftop pool, gym, a front desk with security, courtyard and grand lobby. 1 covered, garage parking space is included. Within a 3 block radius you have Whole Foods, Ralphs, Ace Hotel, Terroni, APC, Acne, Oak, Aesop, Stocking Frame, Umami, Wood Spoon, Pattern Bar, United Artists Theater, The Orpheum, Spring Arcade, 1810, Austere, Bnkr, Urban Outfitters, New Moon, Verve Coffee, Il Cafe and more. Asking $3300 per month. Contact yuri@mytownsquare.com to schedule a viewing.