Downtown Los Angeles Loft Market, Now Hotter Than Ever, Moves to Pocket Listings
Summary
All of these numbers just demonstrate what Loft Living L.A. real estate professionals have been witnessing for nearly a year: greater demand means reduced inventory, higher prices and faster sales.Indeed, according to Realtor® Corey Chambers, who writes the L.A. Loft Blog, their experience is actually even more dramatic than these existing numbers indicate, because they deal with the highest quality properties that the Downtown area offers.As demonstrated by an ongoing influx of stores and businesses, everything one could want or need is in enviably close proximity; where else would one find world-class museums, historic theaters, celebrated landmarks like the Dorothy Chandler Pavilion, Union Station, Disney Music Hall, and of course L.A. LIVE -- all in the immediate vicinity of such unique and trendsetting housing opportunities?Buyers and their agents adapt by implementing new strategies, such as finding unlisted properties called “pocket listings.”Downtown Los Angeles was one of the last places to see real estate prices fall, and now it’s among the very first to see them rise.As demonstrated by an ongoing influx of stores and businesses, everything one could want or need is in enviably close proximity; where else would one find world-class museums, historic theaters, celebrated landmarks like the Dorothy Chandler Pavilion, Union Station, Disney Music Hall, and of course L.A. LIVE -- all in the immediate vicinity of such unique and trendsetting housing opportunities?Loft residence in exciting Downtown L.A. offers the kind of rare cosmopolitan atmosphere in a neighborhood that exudes historic and contemporary energy.