Downtown Los Angeles Condo Market Report | 1st Qtr 2012

Let’s check in on the Downtown L.A. condo market to see how First Quarter figures look.

The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed.

Number Sold:  110, a decrease of 3.77% over the same period last year.

Median Price:  $283,750, a 2.99% decrease over the same period last year.

There are 93 active listings on the market which means, with an average of 36.67 condos sold over the first three months, the market is trending towards a sellers’ market.

Overall, the Downtown L.A. condo market is fairly stable, but now that inventory is low, we will have to see the movement over the next Quarter.

Downtown L.A. Condos for Sale