Monday, April 30, 2007
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About Me
- Stephen Seiferheld May
- Downtown Los Angeles, CA, United States
- I'm the Broker of Downtown Residential Real Estate, located in Unit 307 of Little Tokyo Lofts in Los Angeles Central City East. My phone number is 213-221-4514.
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ARE YOU SELLING A DOWNTOWN CONDO?
If you're a Seller of a Downtown Los Angeles condo, or thinking of being a Seller (or Buyer for that matter), you probably want to know what Downtown condos have sold for recently.
I need to know what Downtown condos have sold for recently (I recently sold two and bought one myself), so I can properly inform and advise my clients. As I mentioned in a previous article, accurate information is hard to put together, as Brokers who represent developers, though members of CLAW MLS, are apparently exempt from the rule (whether stated or understood) that the rest of us abide by, to "PUBLISH ALL LISTINGS." In the absence of this rule being applied equally, the best I can do is report what's published on the MLS. You can interpret, extrapolate, or set to music.
I sent this "23 Listings" email to myself and to Downtown Condo Teammate Wayne A. Willbur of Deasy/Penner&Partners. Request a copy of it from either of us and we will forward the email to you. I am downtownlofts@gmail.com, Wayne is wwillbur@deasypenner.com.
Here is a summary of the data, acknowledging that my observations are not statistically valid, as some unknown percentage of condos for sale and completed sales transactions are NOT reported on the MLS.
At the low end, the 23 reported SOLDS range in SOLD PRICE from $299,000 for a 650 square foot one-bedroom at the Vista Montoya Condominiums in the Pico-Union neighborhood. This housing was built by the Community Redevelopment Agency and is restricted to "moderate-income Buyers." It is NOT market-rate housing. At the high end, a 1735 square foot 10th floor loft-style unit at the Eastern Columbia Building, 9th and Broadway, SOLD for $936,000.
In between, there were sales on Bunker Hill (Bunker Hill Tower, The Promenade, Promenade West), City West (Vero), the Historic Core (Bartlett Building), Little Tokyo (Savoy), Financial District (Library Court), South Park (The Skyline), and the Industrial District (Toy Factory).
Again, to have the "23 Listings" (last 30 days MLS SOLDS) emailed to you, contact Stephen May, downtownlofts@gmail.com, or Wayne A. Willbur, wwillbur@deasypenner.com. And if you would like to be represented in a sale or purchase by the Downtown Condo Team, you can discuss that with either of us, too. Or is that two?
Stephen May, Broker
Downtown Residential Real Estate
213-221-4514
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