New Downtown Real Estate Market Sees Sales Down

The New Downtown market remained slow this week as sales dropped 25.0% to land at three homes sold over the last 30 days. Meanwhile, the South Los Angeles neighborhood reported 126 home sales, the highest number from all of the surrounding neighborhoods. The median sales price rose to $575,000 over the latest reporting period for New Downtown, up from $543,750. New Downtown is a strong buyer's market, thanks to a big 13 months of inventory to choose from and a pullback in sales.

If you're looking for a large number of bathrooms, take a look at these three homes in New Downtown that offer the most of all available listings:

$1.4M   $635K   $1M  

Get started right now by checking out New Downtown homes for sale or reviewing New Downtown real estate trends.

Demographic facts about New Downtown:

  • The median age of the population is 34 years old.
  • The health cost index score in this area is 110.6. (100 = national average)
  • Here are some of the distributions of commute times for the area: <15 min (30.7%), 15-29 min (25.0%), 30-44 min (37.8%), 45-59 min (3.5%), >60 min (2.9%).

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Keller Williams Realty Los Feliz
3 reviews
First Choice Realty
Snapped 1 home in this area
Keller Williams Realty Los Feliz
Snapped 1 home in this area

©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.