L.A. real estate news and insights.
The cheapest condo for sale this week in DTLA.
This condo has 0 bed/1 bath and 460 sq. ft. of living space.
The 2nd-floor unit features open-concept living, exposed brick, an in-unit washer/dryer, and a soaking tub in bathroom.
The Historic Rowan Building features 24-hour security with a full concierge, 2 community BBQs, and hot/cold plunge pools.
Asking price: $388,000
Call for a private showing 818-445-7953.
As home shoppers find fewer existing homes for sale, they’re increasingly turning to new construction, The Wall Street Journal reports.
New single-family home sales jumped nearly 14% in July from June and are at the highest level since December 2006, the Commerce Department reports.
With home sales continuing to recover in July and sales of higher-priced properties bouncing back faster than the rest of the market, the statewide median price hit a new high after setting a record just in June.
California's median home price reached $666,320 in July, jumping 6.4 percent from June's $626,170 and 9.6 percent from $607,990 in July 2019.
The monthly price increase was higher than the historical average price change from June to July and, in fact, was the highest ever recorded for a June-to-July change.
Source: World Property Journal
