Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Los Angeles Loft Owners Enjoy $100,000 Gains as Real Estate Prices Soar In Downtown
  • USA - English


News provided by

L.A. Loft Blog

Sep 04, 2013, 13:50 ET

Share this article

Share toX

Share this article

Share toX

L.A. Loft Blog
L.A. Loft Blog

For Downtown Los Angeles loft owners, Happy Days Are Here Again!

Post this

Los Angeles, CA (PRWEB) September 04, 2013 -- The L.A. Loft Blog today reported large equity gains for Downtown loft owners in Los Angeles. “Happy Days Are Here Again!“ enthuses Corey Chambers, creator of LALoftBlog.com, and a top agent with Keller Williams Realty brokerage firm, who focuses on the fast emerging Downtown Los Angeles area. “Anyone keeping an eye on interest rates and property values in Downtown knows that” he grins -- and for very good reason. Since January of 2012, home values in the area have soared by more than $100,000 across the board. Indeed, the value of some properties have risen by more than $150,000. When Chambers joined the team three years ago, his tenacity and intense understanding of the down town area, as well as the real estate market in general, compounded with his keen ability to read trends, quickly saw him skyrocket to becoming one of the premiere agents serving LA’s downtown area. “Downtown Los Angeles has a large number of people moving into it,” Chambers further asserts; “There's a very big demand for help to rent and buy properties in downtown. Likewise, with prices in the area going up sharply over the past year and a half, buyers are now having a hard time finding anything. “The inventory is so low that buyers often cannot find anything close to what they're looking for.” notes Corey; “Sometimes they can't find anything at all.”

The reason? Although, as recently as 2011, buyers had been able to pick up cool, hip, loft properties in this trendy and desirable neighborhood for less than $150,000, presently there are literally no lofts left to purchase under $300,000. Due to record-breaking demand for units in this vibrant, up-and-coming district, previous buyers have gained an incredible $100,000.00 in equity across the board while today's buyers are facing higher prices and inventory close to nothing. Home prices rose 12.1% over June 2012 according to the Standard & Poor's/Case-Shiller index as reported by the Los Angele Times http://articles.latimes.com/2013/aug/27/business/la-fi-case-shiller-20130828. Housing demand too, has strongly picked up, resulting in low levels of inventory in many regions across the country. “Tight inventory is a major factor in the market,” declares National Association Of Realtors Chief Economist Lawrence Yun. “Buyer traffic is continuing to pick up, while seller traffic is holding steady. In point of fact, buyer traffic is 40% above a year ago.” Without a doubt, such news augers well for the overall housing market, and is particularly welcome for California, where Los Angeles is easily leading the way in the state’s overall economic resurgence. “Owners and sellers are now enjoying higher property values“ advises Chambers; “interest rates appear to be headed up, but are still not far from historic lows to help today's buyers.” He is in the perfect position to know from whence he speaks. Corey was among the first agents to hit sales of five million out of more than 100 hundred agents working for his Keller Williams Reality local broker office. “Downtown L.A. was among the first areas in in the nation to see prices rise before anywhere else“ he reminds us adding, “all the units we had just a few months ago are now at zero availability -- and still the demand is increasing!”

Ultimately, timing remains a key factor in the financial success of real estate transactions. While some properties have reached their all time highs, the prices in Downtown are seen to be accelerating, bringing expectations of more big gains to come over the next 18 months. Fortunately, Chambers and his team members have provided more than 100 pocket listings alone in the past 6 months. A pocket listing is an exclusive property listing that is not available to other brokers or buyers. "My job is to give my clients as much advantage as possible, and to look after their interest above the competing buyers," Corey says, "Because we are more focused on buyers, we are able to provide them with more selection in the form of exclusive opportunities.” Another benefit his clients enjoy is a relative abundance of chic lofts and condos to choose from. “Our method of helping these people is sharing a great deal of information, which has caused us to be the most sought after agents in Downtown. Our business plan is centered around helping renters and buyers, focusing on providing information about the buildings and about the units.” In addition, due to this secret inventory of pocket listings, they’ve been able to provide up to 10 times as many desirable properties to interested buyers. In fact, Chambers cites how in recent weeks, two buyers were able to buy lofts in the highly sought after Barker Block loft condos. With this understanding, he reveals that his goal is to intensify his search for these select pocket listings. “One of the most common mistakes buyers make is to use an out-of-area agent who is not as familiar with Downtown. They go with agents who don’t even know how to get into the building let alone one who really knows that building, units, or unlisted properties,” Corey continues; “not to mention which lender to use for an industrial loft conversion or which listings are involved in frightening lawsuits” (--up to 20% of them, he divulges) “We do!” The mind behind L.A. Loft Blog also points out that it’s free to use Keller Williams Downtown specialists like himself, who have more properties and knowledge of this particular market. “Non-local agents are often limited to month-old information,” he explains, noting “our downtown experts frequently know the prices of properties that sold as recently as yesterday, and can therefore negotiate the price down to the lowest amount in order to get that desired loft or condo.”

Happily, Chambers sees the next 12-24 months as being part of a very positive cycle -- one which will guarantee peak real estate gains. Add to it, the new LA Live complex, the planned new football stadium, the Broad Museum and One Santa Fe retail/rental complex under construction, Downtown will definitely be ‘the place to be’ in the foreseeable future and beyond. “With the decade long renaissance, burgeoning business, many new dining and entertainment spots, and the absolutely booming real estate market, “ he reiterates, “Happy times are truly here in Downtown Los Angeles!” For more information or to keep up to date with the latest in LA Loft news and events, log onto : http://www.laloftblog.com to set up an appointment with a Keller Williams Agent, call (213) 478-0499 or e-mail coreychambers(at)yahoo(dot)com

Corey Chambers, L.A. Loft Blog, http://www.laloftblog.com, +1 (213) 478-0499, [email protected]

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.