HERE - Loftway

Downtown Loft/Condo Report 1st Semester 2013
We have decided to make the LOFTWAY REPORT a bi-annual publication.
The market is moving fast and a whole year is to long to wait to see what is
happening in the Downtown LOFT and Newer Condo market.
The report previously known as LOFT Buildings has been renamed LOFT and
Newer Condos, since some of the buildings in the report are not "true" LOFTS.
We also added two buildings, Library Court and The Beacon Lofts, to the Report.
In addition to this, we have removed the Short Sales and REO columns since there
are not enough of those around anymore to make a difference.
All the buildings in the report have higher prices per square footage
than the year before. Some buildings appreciated more than others.
For instance, the Elleven building experienced a 44.57% increase.
We have seen much more inventory in some buildings and some very high
asking prices. With the raise of interest rates and more inventory, the prices
should start stabilizing and appreciation slowing down.
That being said, in 50% of the buildings prices are back to what they
were before the crash and some being even higher.
DOWNTOWN
LA REAL ESTATE
2013 LOFT NUMBERS
Sales
Most expensive
building for lease by sq ft:
NUMBER OF SALES: 157
Average price per sq ft: $433.43
AVERAGE DAYS ON THE Market: 63
Ritz Carlton $3.91
Less expensive
building for lease by sq ft:
Molino Lofts $1.58
BOTTOM 5 BUILDINGS
BY PRICE/SQ FT
TO P 5 B U ILDINGS
BY PRICE/SQ FT
Ritz Carlton $888.80 (last year $858.33) +3.55%
Alta Lofts $216.80 ($209.68) +3.4%
Luma $615.41 (471.17) +30.61%
Little Tokyo Lofts $236.99 ($200.29) +18.32%
Elleven $590.69 ($408.57) +44.57 %
SB Grand $248.48 ($215.86) +15.11%
EVO $580.23 ($542.80) +6.9 %
Molino Lofts $304.75 ($231.70) +31.53%
El Dorado $547.95 ($463.82) +18.14 %
Toy Warehouse $305.51 (N/A)
NUMBER OF
BUILDINGS IN
THIS REPORT
Highest Sale Of The Year
$4,000,000
34
Lowest Sale Of The Year
$160,000
Leases
BUILDINGS WITH THE MOST LEASES:
Market Lofts 17
NUMBER OFLEASES 167
$1.99 IS THE AVERAGE PRICE/SQ FT
FOR A PDF COPY OF THEREPORT GO TO:
W W W. LO F T WAY. CO M / R E P O R T
Luma 14
AVG.
DOM
NEED HELP MAKING SENSE OF THESE
NUMBERS? 888.505.LOFT(6387)
THE DOWNTOWN LA SALES REPORT IS BASED ON DATA COLLECTED BY LOFTWAY FROM THE CLAW MLS™. ALL
MATERIAL HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY AND HAS BEEN COMPILED FROM SOURCES
DEEMED RELIABLE. THROUGH INFORMATION IS BELIEVED TO BE CORRECT, IT IS PRESENTED SUBJECT TO ERRORS,
OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. THIS IS NOT INTENDED TO SOLICIT PROPERTY ALREADY
LISTED. EQUAL HOUSING OPPORTUNITY. LOFTWAY IS A LICENSED REAL ESTATE BROKER. DRE: 01412928