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Long Beach Real Estate Market Forecast 2020

The Long Beach California residential real estate market forecast for 2020 will likely continue along with its current trends, which is a very active seller's market. At this time, available data points to no significant change for the rest of the year, even into the first part of 2021. However, since the future is uncertain, any significant event could substantially alter the market at any time, either short-term or long-term, depending on the circumstances. Read on to learn more about the residential real estate market for Long Beach California and what you should know.

The Long Beach California residential real estate market forecast for 2020 looks as though its trajectory will remain the same through most of this year. At this time, the market seriously favors sellers over buyers. Currently, the median list price stands at $599,000, with a median sales price of $558,400.

This represents 93 percent or just 7 percent below the median list price in the area. Such a figure helps to explain why this is a seller's market. Additionally, only about 11 percent of homes listed for sale have had to drop their asking price, another indicator of a hot market. What's more, the average days on the market is just 74, also signifying an active market.

At this time, households with negative equity, or underwater mortgages, stand at about 5.1 percent, which is below the national figure of 8.2 percent. Also, just 0.6 percent of all households in the Long Beach area is delinquent or behind in their mortgages, about half of the national number of 1.1 percent.

Presently, there is not enough statistical data to represent the number of distressed properties, which consists of short sales and foreclosures. This additionally helps to propel the market, as the absence of short sale and foreclosure units makes for a more healthy market, mostly free of non-traditional listings that would otherwise depress traditional homes for sale.

The Long Beach California residential real estate market has experienced a long-running seller's market environment, and that will likely not change in the near or even distant future. Due to the high demand for inventory, along with historically low-interest rates, and historically high rates of employment and new job availability, all but guarantees the trend to stay the same through the remainder of the year. Unless there is a substantial shift in market dynamics, the real estate landscape will remain the same.

Pasadena California Real Estate Forecast 2020

The Pasadena California residential real estate forecast for 2020 will likely bring a change that’s good news for sellers. It will also benefit homeowners and will even help out buyers in at least one way.

The Pasadena California residential real estate landscape is a very good one at the moment. In fact, right now it is considered a balanced market between buyers and sellers

At this time, the median home value in Pasadena is $837,078. Over the course of the past year, prices have risen by 0.5 percent and economists and industry experts both predict that home values will increase by 3.8 percent over the 2020 year.

Presently, the median list price per square foot is $582 in the Pasadena area residential real estate market, which is higher than the Los Angeles-Long Beach-Anaheim Metro average of $444 per square foot.

Right now, the current list price is $899,000 for residential properties in the Pasadena community, while the median sales price is $825,200. This means that homes in the Pasadena residential real estate market are ultimately selling for approximately 92 percent of their listing price.

Meanwhile, the median rental rate is $2,850 in Pasadena, while the median rental amount is $3,200 in the Los Angeles-Long Beach-Anaheim Metro area at-large.

About 0.5 percent of Pasadena homeowners are delinquent in their mortgages, less than the national figure of 1.1 percent.

The number of underwater mortgages in Pasadena currently stands at 3.6 percent, while the national number is 4.1 percent.

All of this data points to a strong and healthy residential real estate market for the city of Pasadena over the next 12 months, perhaps a bit longer. This is very good news for sellers, as home values are expected to incrementally rise but not at too rapid a rate.

It is also fairly good news for buyers who are entering the real estate market in Pasadena, as home prices will not immediately skyrocket in the near future. Meanwhile, homeowners will continue to enjoy strong property appreciation that is not unrealistic, helping them to avoid underwater mortgage situations for those with good home loan terms.

Since there are statistically very few homeowners underwater or delinquent, the distressed property market should not have an adverse impact on non-distressed homes in the area. This will help properties to retain their value without any artificial pressure from distressed properties or investors looking for quick flip opportunities.

 

Marina Del Rey Market Forecast 2020

The Marina del Rey California residential real estate market is among one the most highly desired and expensive in the entire country. The community is well-known for its safe neighborhoods, fantastic weather, good school system, and it's relative seclusion.

The Marina del Rey residential real estate market forecast for 2020 has very little surprises in store for buyers and sellers alike. In fact, not much is expected to change over the course of the next twelve months. Read on to learn a little more about the Marina del Rey California residential real estate market for 2020.

The Marina del Rey residential real estate market forecast for 2020 won't necessarily change much as the year unfolds. Basically, what has been occurring over the past year will more than likely continue, except in the event of an exceptional turn in the regional or national economy.

Known for its super-sized Marina, the community of Marina del Rey is located in the greater Los Angeles area of the Golden State. It is best known to residents and visitors alike for its water recreation, arts and culture, dining and shopping, and other amenities. It is also one of the most prestigious places to live in the state, and in the nation.

Presently, the median home value in the Marina del Rey community stands at $1,735,562, far above many other locations in the state and also in some of the more notable places in the country.

Over the course of the past 12 months, the average home value in the community of Marina del Rey California has dropped by a margin of 7.9 percent. This trend is largely expected to continue, albeit at a more modest rate of 7.2 percent over the course of the year 2020.

At this time, there is very little sophistical data on the present or upcoming health of the residential real estate market in Marina del Rey. This is due to the fact that sales are much more infrequent in this area than they are through the greater Los Angeles community. Therefore, it is very difficult to accurately assess or even generally estimate how the Marina del Rey residential real estate market will perform throughout the year, or even in the next quarter.

However, with home prices only set to slightly decrease by 0.7 percent, it is highly unlikely that anything will substantially change for the Marina del Rey residential real estate market as the year 2020 unfolds.

Downtown LA Real Estate Forecast 2020

The downtown Los Angeles residential real estate forecast for 2020 is one that should experience a continued balance between buyers and sellers. One of the single hottest residential real estate markets in the United States, LA has experienced a bit of growth but some factors are marginally pulling it back. Read on to learn more about the downtown LA real estate forecast for 2020.

The downtown Los Angeles residential real estate forecast for 2020 should see a bit of cooling in the way of prices but continued heavy activity. Because of its terrific weather and booming economy, downtown LA is a wonderful place to live, work, and play.

Here, residents and visitors alike enjoy the Griffin Observatory, Disneyland Park, Hollywood, Universal Studios, and countless bars, restaurants, retailers, entertainment venues, and a lot more. Known for its delightful weather and proximity to the west coast and the Pacific Ocean, LA is a city with a population of over 4 million residents.

Downtown is a particularly popular location because it’s in the heart of the actions. There’s quite a bit of activity here, including the development of new housing, which also includes lofts and more types of residential housing.

Right now, the median home value in LA is $713,600, having risen by 4.6 percent over the course of the past year. The median list price per square foot in the Los Angeles area is now at $550. This is above the greater metro area, which has a median list price per square foot of $443.

Meanwhile, the median list price in the greater LA area stands at $859,000. However, the median selling price in the area is $722,800. Additionally, the median rent price in Los Angeles is $3,600, which is higher than the overall metro cost of $3,200.

At this time, the number of loan delinquencies is 0.7 percent. And, 0.4 percent of homes are foreclosures currently. Meanwhile, the number of homeowners who are underwater in their mortgages (those who owe more on their home loans than their properties are worth) is at 4.3 percent. This is slightly above the overall metro figure of 4.1 percent.

Presently, the balance between buyers and sellers is near parity. That helps to keep home values from rising too much over the course of the coming year. If this continues, housing prices might slightly drop over the next several months.

West Hollywood Weather

West Hollywood weather is most definitely some of the finest on the planet. In fact, it’s quite enviable because of its welcoming climate. Located less than ten miles to the west of the city of Los Angeles and spanning just under two square miles in size, the city of West Hollywood formally incorporated in late November of 1984. Today, it has a population of more than 36,800 residents and they and visitors alike enjoy West Hollywood weather.

West Hollywood weather is definitely something that needs to be experienced firsthand in order to be truly appreciated.

Known most famously for being the home of the Sunset Strip and its many nightclubs, bars, restaurants, West Hollywood is a favorite destination for residents of the Golden State and those in and around LA, as well.

But, it’s also situated in a subtropical-semi-arid climate with year-round warm weather. Here, it rarely snows and also receives very little rain on an annual basis. Here’s what you need to know about West Hollywood weather:

  1. Winter. Okay, we’ll use the term “winter” mildly because that’s the single best one-word description of the months of December, January, and February. Highs range from the high 60s and the lows dip down to the high 40s.
  2. Spring. From March through May, temperatures average in the low 70s, with overnight lows in the low to mid-50s.
  3. Summer. During June through August, highs run in the low 80s and lows are in the low 60s.
  4. Fall. From September through November, highs average the mid to high 70s, with lows in the low to mid-50s.

Things to Do in West Hollywood

Things to do in West Hollywood are notoriously famous (or infamous, depending on your point of view) for being centered around nightlife. Spanning under two square miles in size and home to the Sunset Strip, West Hollywood is also home to a number of clubs, restaurants, bars, and other popular attractions.

Located less than ten miles away from Los Angeles, West Hollywood was first settled by Europeans in the 1700s. It grew in different ways since that time, including becoming a connection point for ranches to the west. Today, it’s a popular place for visitors, and for good reason. Read on to learn more about the best things to do in West Hollywood.

Things to do in West Hollywood range from retail therapy to vibrant nightlife. While most visitors tour the Sunset Strip, there’s more to see and do in and around West Hollywood, like the following:

  1. The Comedy Store and the Laugh Factory. If you like to laugh and discover new talent while also seeing seasoned acts, these two locations are a must.
  2. The Beverly Center. Although West Hollywood is probably best known for its party atmosphere, there are more mainstream destinations, such as the Beverly Center, a shopping mall with many different kinds of vendors.
  3. The Roxy Theater and Whiskey A-Go-Go. Here are two destinations that need no introduction. These are legendary locations, known best for hosting some of the most now-famous bands on the planet.
  4. Chateau Marmont. Lastly, the Chateau Marmont is a great place to visit and stay, as it’s a restaurant, hotel, and bar.

About West Hollywood

West Hollywood is a city that’s found within the confines of Los Angeles and is most famously known as being the home of the Sunset Strip. It’s a relatively small community, spanning just under two square miles in size, at just 1.89 square miles total. Read on to learn a little more about West Hollywood.

West Hollywood stood as an unincorporated community for many, many years. This lasted for several decades and was even once partially known as “Sherman.” That is, until late November of 1984 when it formally incorporated as a city.

The modern community of West Hollywood was first settled sometime in the late 18th century by Europeans. Until that time, it was inhabited by indigenous people. In the 1780s, what’s now Sunset Strip became a major connection point.

During the 1920s, when the proliferation of casinos began in and around the area, the community really began to take its current form. With the casinos, nightclubs and many other types of businesses. Then, movie-making elements started to appear in and around the community.

It was in the 1960s West Hollywood became home to the so-called hippie movement. Today, it’s home to more than 36,800 residents and is still best well known for its nightclubs, restaurants, bars, and of course, Sunset Strip.

Another big element of West Hollywood is its wonderful weather, which boasts some of the mildest winters in the nation, warm and pleasant summers, and spectacular spring and fall seasons.

Today, West Hollywood is a place unto its own, with a number of attractions for visitors and residents alike.

West Hollywood Cost of Living

The West Hollywood cost of living is one that’s a bit more expensive than other major metropolitan areas. But, it isn’t beyond affordability. Housing is obviously the single most costly expense in West Hollywood, but the day to day living expenses aren’t too bad at all. Read on to learn more about the West Hollywood cost of living.

Located to the west (no kidding) of Hollywood, West Hollywood is less than ten miles away from Los Angeles. Incorporated in 1984, it’s often referred to as WeHo, spanning just 1.89 square miles in size, with a population of about 36,800+ residents.

Now, let’s take a quick look at the West Hollywood cost of living. We’ll use a baseline score of 100 as the national average. Here’s how the cost of living in West Hollywood breaks down by category:

  1. Utilities. The cost of utilities in West Hollywood comes in with a score of 85, which is below the countrywide number, making it more affordable.
  2. Healthcare. Unlike some other areas, the cost of healthcare in West Hollywood is also under the national average, with a score of 89.
  3. Miscellaneous. For odds and ends, the cost in West Hollywood comes in at just above the national average, at about 104.
  4.  Groceries. Food is also a bit more expensive in West Hollywood than it is across the nation, with a score of 109.
  5. Transportation. The cost of transportation scores at 162, which is higher than the countrywide average.

Obviously, housing is the biggest expense, scoring 359 with 100 at the national average.

West Hollywood Real Estate Forecast 2020

The West Hollywood real estate market forecast for 2020 is one that should benefit both buyers and sellers. In fact, it ought to provide enough to bring about stabilization (which has already been occurring over the past several months). Based on previous trends in the twelve months prior, combined with what typically happens in the new year should help the West Hollywood real estate market. Read on to learn more about what to expect with the West Hollywood real estate market.

The West Hollywood real estate market forecast for 2020 looks pretty good. Being in an otherwise hot and somewhat unpredictable market that’s right around the corner, West Hollywood is a great place to call home.

First settled in the 1770s and developing in the years thereafter, it wasn’t until around the first decade or two of the twentieth century it really got its start. Incorporated much later on in November of 1984, West Hollywood is just 1.89 square miles in size, with a population of approximately 37,000 residents.

Boasting warm and welcoming summer months, with an ultra-mild winter, and delightful spring and fall seasons, West Hollywood has some of the best weather in the nation. That alone makes it a wonderful place to call home.

Right now, the median home value in the community of West Hollywood stands at $821,600. Over the course of the past year, property values have risen by 0.8 percent. Industry experts predict house values will continue to increase by about 1.3 percent over the course of the next year.

The median list price per square foot in West Hollywood is now $868, which is substantially higher than the LA metro area average of $400 per square foot. Meanwhile, the median list price of residential homes in West Hollywood is $1.157 million.

Also, the median rental price per month in West Hollywood stands at $4,500, compared to $3,200 per month in the LA metro median.

Currently, the rate of delinquent mortgages in the community of West Hollywood is 0.4 percent, lower than the national figure of 1.1 percent. At this time, the number of homeowners underwater in their mortgages is 5.8 percent, compared to the metro number of 4.1 percent.

At this time, the market is considered to slightly favor buyers over sellers, although it does not fit the description of a true buyers’ market.

Marina Del Rey Real Estate Forecast 2019-2020

The Marina Del Rey real estate market forecast for 2019 through 2020 is a peculiar one. Although it’s a highly desirable place to live, the market at this time is considered cool, favoring buyers over sellers.

But, there’s plenty of good news when it comes to the Marina Del Rey residential real estate market, too. This includes steadily rising home values, and a virtually non-existent distressed property market (or almost no short sales and foreclosures). Read on to learn more about the Marina Del Rey real estate market for 2019 and 2020.

The Marina Del Rey real estate market forecast for 2019 through 2020 is one that should continue on its current path. That is to say, that home values are on the rise and with almost no distressed properties, will most likely remain that way into the foreseeable future.

Located on the west coast to the southwest of Los Angeles, Marina Del Rey runs along the Pacific Ocean. It’s an unincorporated community, home to the largest man-made small marine vessel harbor in all of North America. Marina Del Rey has a relatively small population, of nearly 8,900 residents and is also home to the Venice Canals, Marine Beach, the Venice Boardwalk, and more.

The median home value in the community of Marina Del Rey currently stands at $1.1 million, with an increase in property values of about 2 percent over the course of the past year.

Right now, economists and real estate professionals both predict that home values in the Marina Del Rey area will increase by 2.8 percent over the next year.

Currently, the median listing price per square foot for homes in Marina Del Rey stands at $781. Additionally, the median selling price in Marina Del Rey is nearly $1.2 million, while the median rental rate in the community is $5,500 per month.

At this time, the distressed property rate in Marina Del Rey is nearly zero or statistically immeasurable. This, compared to the national figure of 1.1 percent. However, the number of homeowners underwater in their mortgages or owing more on their homes than their properties are worth is about 4.3 percent.

All of this clearly shows the residential real estate market in Marina Del Rey is one of the most solid in southern California. With such numbers, Marina Del Rey makes a great place to call home.

Santa Monica Real Estate Forecast 2019

The Santa Monica real estate forecast 2019 is currently on the cooler side of the action. Meaning, it’s more favoring buyers than sellers, which is quite different from other areas in and around the larger LA market. But, that’s okay because it means Santa Monica offers some great benefits for buyers -- and even sellers alike. Read on to learn more about Santa Monica real estate market forecast for 2019 and what’s likely to unfold in the next several months.

The Santa Monica real estate market forecast is one that’s presently undergoing a much-needed correction. While some surrounding neighborhoods and communities continue to experience increases in housing prices, Santa Monica is on the opposite trend.

Located on the coast of the Pacific Ocean, west of downtown Los Angeles, Santa Monica is home to the Santa Monica Pier, the Pacific amusement park, Looff Hippodrome Carousel, and the Santa Monica Pier Aquarium. It’s also the home to the famous Muscle Beach and a number of art galleries.

Right now the Santa Monica real estate market typically favors buyers over sellers. This is due to the fact there’s plenty of inventory available, but fewer active buyers in the area. In other words, Santa Monica is experiencing a disparity between buyers and sellers and is not a balanced market.

During the course of the past year, housing prices have actually fallen in Santa Monica by about 4.7 percent. Although, the median home value in Santa Monica stands at $1.68 million.

Nevertheless, economists and industry experts believe home values in Santa Monica will shrink by approximately 3.6 percent over the course of the coming year.

At this time, the median list price per square foot in the Santa Monica market is $1,122, which is above the LA metro area average of just $439. Meanwhile, the median price of homes for sale in Santa Monica is $1,799,500.

Presently, the median rent price per month in Santa Monica stands at $5,300, which is also higher than the LA metro figure of $3,200 per month.

Distressed properties constitute a very small portion of the Santa Monica residential real estate market. Right now, just 0.2 percent of homeowners in the community are delinquent on their mortgages. While underwater properties account for a mere 2.8 percent.

As you can see, the entire Santa Monica real estate market presents prime opportunities for buyers. And should do so for the foreseeable future.

San Fernando Valley Real Estate Forecast

The San Fernando Valley real estate forecast is one that’s showing no real signs of slumping. But, it does have factors that do indicate a bit of a needed cooling off. Just last month, home prices in San Fernando Valley hit an all-time high, according to Curbed.com. However, what goes up must come down and over the course of the next year, the local market will probably experience a mild pullback. Read on to learn more about the San Fernando Valley real estate market.

The San Fernando Valley real estate forecast predicts a bit of ease in the ongoing activity of recent months. During the course of the past year, there’s been substantial growth. But, over the next twelve to eighteen months, trends are forecast to change to bring more balance to the region. Here’s what to know about The San Fernando Valley real estate forecast:

  1. Home prices have risen significantly. In the past year, the median home value in San Fernando has increased by 2.7 percent, hitting $486,300.
  2. Home prices will likely drop in the months ahead. Now, economists and real estate experts alike believe home prices in San Fernando Valley will continue to go up, but at a more modest pace of 1.3 percent over the course of the coming year.
  3. The median list price is more affordable than in Los Angeles. Right now, the median list price in San Fernando Valley stands at $334, which is less than the LA figure of $439.
  4. The median list price is higher than the median sales price. At this time, the median list price in San Fernando Valley comes in at $520,000. However, the median sales price in the area is $463,100.

There’s a hint of a shift toward a more balanced market between buyers and sellers in San Fernando Valley. For the past several months, home prices have steadily increased due to a number of factors. One such component is limited availability. That puts buyers at a disadvantage while benefiting sellers. However, this will probably change over the coming months, bringing the San Fernando Valley back into more of a balance.

Additionally, there are some elements that will play into the San Fernando Valley real estate market, such as distressed properties coming into the picture. Right now, 4.7 percent of all homeowners are underwater and the mortgage delinquency rate is 0.3 percent.

Silver Lake California Real Estate Forecast 2019

The Silver Lake California real estate forecast for 2019 is a good one. And, if predictions come to fruition based on current and previous trends, one that will benefit both sellers and buyers. So, let’s take a look at the Silver Lake California real estate forecast for 2019 and what buyers and sellers might expect in the near and not too distant future.

The Silver Lake California real estate forecast for 2019 will likely record a decrease in the rate of housing prices increases and very few distressed properties, or foreclosures and short sales, coming onto the market.

Silver Lake is a residential neighborhood in Los Angeles, California. It’s mostly known for street art, boutique coffee shops, diverse eateries and fare, vegan cafes, and indie music spots. Silver Lake is likewise home to a popular walking trail and it boasts its own dog park and greenspaces.

But, Silver Lake is also well-known for its great neighborhood at-large. This leads us straight into the Silver Lake real estate forecast for 2019.

Right now, the housing market in Silver Lake is hot. It greatly favors sellers at this time, with home values have risen by 6.3 percent over the course of a year. That trend will continue, only at a more subdued, moderate pace of 2.4 percent over the course of the coming year.

The median list price per square foot in the community of Silver Lake is now at $730, which is above the LA metro area figure of $536 per square foot.

At this time, the median list price of homes in the Silver Lake neighborhood is $1,199,000. Although, the median sales price in the community is lower, coming in at $1,159,800, about a difference of 3 percent less.

Meanwhile, the median cost of rent in Silver Lake is currently at $3,800 per month, which is also higher than the LA metro area number of $3,495 per month.

Along with a slowing in the rate of increase in home values in Silver Lake, there are few to no distressed properties, which include foreclosures and short sales. This means there are no obligatorily discounted houses in the area, which would help to reduce the prices of neighboring homes.

This likewise means a transition away from a sellers’ market to a more balanced market, putting buyers and sellers at or near parity. With such dynamics going on, now is the time to buy or sell in Silver Lake.

Venice California Real Estate Market Forecast 2019

The Venice California real estate market forecast for 2019 looks good for both sellers and buyers alike. Although the market is cool at the moment, it needs a rest in order to correct and that’s actually more beneficial to homeowners and would-be homebuyers in the end. A beach community with a strong bohemian feel, Venice features elaborate commercial areas, as well as residential ones. It’s home to a famous boardwalk and Muscle Beach. One of the most popular destinations in the area is Abbot Kinney Boulevard for its many restaurants and retailers. It also boasts a residential real estate market with quite a strong history. The Venice California real estate market forecast for 2019 is a positive one overall. Like most popular areas of the Golden State, it’s residential housing prices are much higher than the national average and right now, it’s experiencing a cooling-off period. Here’s a more extensive look at the Venice California real estate market forecast for 2019. At this time, the median home value in the city of Venice stands at just over $1.9 million. House values have risen by 1.8 percent over the course of the past year and economists and industry experts alike predict it to grow by about 0.7 percent within the next year. The median price of homes on the market per square foot is now $1,122. This is more than the average of the LA metro area of about half-or $526. Meanwhile, the median asking or listing price in Venice is about $2.18 million. Right now, the median rent price in the city of Venice is nearly double that of the LA metro area average, coming in at $6,500 compared to $3,500 respectively. Presently, the market is considered somewhat of a buyers’ market. Meaning, there are more buyers than available properties for sale. This ostensible imbalance is actually a good thing, because it freezes house prices in the short term, allowing more people to buy into the market. It also benefits homeowners, with their property taxes. Also, there’s practically no pressure from distressed properties or foreclosures and short sales. The national average stands at 1.2 percent, while Venice has little to none. All this means now is the time for buyers to take advantage of the market dynamics in the favor. After all, home prices will again rise in the not too distant future. The Venice California real estate market forecast for 2019 looks good for both sellers and buyers alike. Although the market is cool at the moment, it needs a rest in order to correct and that’s actually more beneficial to homeowners and would-be homebuyers in the end. A beach community with a strong bohemian feel, Venice features elaborate commercial areas, as well as residential ones. It’s home to a famous boardwalk and Muscle Beach. One of the most popular destinations in the area is Abbot Kinney Boulevard for its many restaurants and retailers. It also boasts a residential real estate market with quite a strong history.  

Advantages of Living in Downtown Los Angeles

The advantages of living in downtown Los Angeles are too numerous to list. But, it’s worthwhile to know some of the better reasons to live in downtown LA. Obviously, with the population of the city being one of the largest in the country, there are definitely reasons people choose to live in downtown LA. So, let’s get into the most compelling reasons to live in downtown LA and its biggest advantages.

The advantages of living in downtown Los Angeles are nothing short of awesome. Located on the west coast, not too far away from the coastline and beaches, Los Angeles is best known as an entertainment mecca. Sure, movies, television, music, and more are all here in a big way, but that’s not all which attracts people to move to downtown Los Angeles. Here are the biggest benefits to living in downtown LA you should know about:

  1. Strong job growth. Although the entertainment industry is huge here in LA, it’s not the only industry producing solid growth. Los Angeles is also home to IT, fashion, aerospace, as well as other industries. Of course, the food industry is strong here but that isn’t all.
  2. Nightlife. Okay, let’s take a quick moment to give props to one of the most attractive things about living in downtown Los Angeles. Here in downtown LA, people love frequenting jazz clubs, comedy shows, microbrews, live performances, and much more.
  3. Recreation. Although LA isn’t known as a walking city, it does have plenty of green space to enjoy. And, there’s always the beach to the west. (Not to mention the mountains to the north.) Los Angeles has much to offer when it comes to outdoor recreation, from segway tours to yoga to many other pursuits.
  4. Weather. This is one of the most attractive features of not only downtown Los Angeles but also, the entire state. LA has some super terrific weather, with warm summers, very mild winters and both the fall and spring seasons are great, as well.
  5. Proximity. Los Angeles is right in the heart of the action and it’s also nearby many kinds of transportation. Flight internationally, in and out of the airport, or from state to state.
  6. Healthy options. It’s no secret Los Angeles is a world leader when it comes to offering all sorts of healthy options, including food, hobbies, gyms, and a whole lot more.

As you can see, living in downtown LA offers many benefits.

 

What is a Loft Apartment?

What is a loft apartment and how does it differ from a traditional apartment or condo? The answers are not very complicated. But, at first, it might seem just a bit confusing. So, let’s take a quick look at what a loft apartment is and isn’t.

What is a Loft Apartment?

A loft apartment is a type of residential living space. Usually, loft apartments are wide open, with an undivided floor plan. Meaning a typical loft apartment does not have any or few walls. Instead of having a distinct bedroom, living, and kitchen spaces, segmented by interior walls, a loft apartment is an open concept, mostly throughout the entire space. (Except for the bathroom(s), that is.)

Conversely, a traditional apartment features one or more distinct bedroom spaces, made functional by walls, a door, and closet(s). Now, the difference between an apartment and a condo, generally speaking, is the former is normally rented and the latter is owned by its residents. (Contrary to popular belief, a condo isn’t a type of structure or home, rather, it’s a type of legal ownership.)

Typical Loft Apartment CharacteristicsWhat perplexes people about loft apartments is the fact they are open. Which causes the question, why to build a residential living space with no to very few interior walls. The answer lies in the structure itself. Loft apartments are usually converted spaces. Meaning, the building itself once served as a commercial or as industrial space. The commercial or industrial space was simply converted from either one large or several separate spaces into a set of residential spaces. This means typical loft apartment characteristics include the following:

  1. Open floor plan with no to few interior walls.
  2. High ceilings with exposed ductwork and/or roof supports.
  3. Floor-to-ceiling windows with concrete or hardwood floors.

Also, most loft apartments have a relatively undefined kitchen space (save the actual countertops and appliances), as well as an undefined dining area.

Loft Apartment Living Benefits

Why choose a loft apartment to live in over a traditional apartment? What're the real differences and what are the advantages? Here’s what you need to know:

What is a Loft, Anyway?

There are several benefits of living in a loft. It’s a wonderful place to call home and for a number of reasons. The big picture about loft living is that it’s in a great location, offers extensive customization, and is usually less expensive than other types of traditional living spaces.

What is a Loft, Anyway?

So, what’s the difference between a loft and a condo or an apartment? Well, it’s really about style. Lofts are typically converted living spaces. Meaning, a developer transforms a commercial space, such as an office building or a manufacturing building into several residential units. But, instead of going for an all-out conversion, like those found in condo units, lofts are open-concept spaces. Meaning, there are few walls and therefore, no dedicated rooms, such as a defined living room, separate bedrooms, and other partitioned spaces.

How Much does it Cost to Live in a Loft?

Living in a residential loft is generally less expensive than living in a condo. This is due to the fact lofts aren’t finished out. So, they are usually less costly to purchase or rent. (However, one caveat is utilities are generally a tad more expensive, due to the very nature of lofts, which are open and a little less energy efficient. Although, this does not truly apply to all lofts.)

Benefits of Living in a Loft

With this information about lofts, let’s take a look at the biggest benefits of living in a loft:

  1. Since lofts are typically converted commercial space, they are more often than not located in a terrific area -- right in the heart of the action. This means, lofts are generally located in a downtown district, near public transportation, and also close to entertainment, shopping, dining, and more.
  2. Open space. Perhaps the most attractive aspects of lofts are the fact most are wide open spaces. Usually, the kitchen is the only “defined” space. So, you enjoy an open concept that offers great visual aesthetics and traffic flow.
  3. Since lofts are generally open spaces, it’s simple to create dedicated spaces that blend into the ebb and flow of the overall floor plan. With just a little decor and some color, you can customize a loft with little time and effort.
  4. Ease of reconfiguration. The open space also means that it’s easy to reconfigure. Put another way, if you created defined spaces, it’s a cinch to redefine said spaces on the fly. You’re free to change things up at any time.
 

Design Ideas for Loft Spaces 9-4-2018

Design ideas for loft spaces can transform an otherwise empty space into a fabulously functional home. For those who are unfamiliar with lofts as residential homes, these are a unique style all their own. They greatly differ from traditional living spaces, such as single-family houses, condos, and townhomes. So, they do pose a bit of a challenge in decorating and design for both aesthetics and function, as well. Design Ideas for Loft Spaces Design ideas for loft spaces range from simple to elegant. The good news is, you don’t need the skills of an interior designer or professional home stager to make it into a reality. If you’re not quite in the know about residential loft living spaces, that’s okay. While these certainly aren’t a new concept, it’s a style that is gaining more and more popularity. Simply put, loft homes are constructed by converting a commercial or industrial building into separate living spaces. So, what once served as a manufacturing building is transformed into several loft homes or apartments. The biggest difference between a loft and a traditional single-family house is that a loft is usually wide open. Meaning, there are no or very few interior walls to serve as dedicated spaces, such as bedrooms, dens, and the like. Additionally, lofts usually feature high, unfinished ceilings, floor to ceiling windows, and concrete floors. Additionally, there is generally no dedicated community spaces. Which means no visual barriers to establish the living room from the dining area, and/or the kitchen and/or den or office. Now, let’s look at a few design ideas for loft spaces you can use:
  1. Use an area rug and furniture to create a living room. Since there aren’t usually any visual markers in loft spaces, you can put down an area rug and then arrange a couch, loveseat, and chairs around it to create a recognizable living room.
  2. Repeat the same concept to form a dedicated, formal dining area. Here again, you can lay down a large area rug. Then, place a dining room table over top of it. Place a hutch nearby and chairs around the table. With just a bit more decor, you’ve now got a formal dining area.
  3. Create a library or home office. Placing bookshelves against a wall and then placing reading chairs facing the shelves creates a library effect. Or, simply bring in a desk, a chair, and some storage to create a home office.
You can also apply these same ideas to create a game room, a hobby space, and much more.  

10 Reasons You’ll Love Living in Downtown Los Angeles added 8-7-2018

Thinking about moving to Los Angeles, the city of lost angels? Well, it’s a big step, but one you’ll probably grow to love in no time whatsoever. It’s not only home to the entertainment capital of the world, but LA is also much more. So, read on to learn why you’ll love living in downtown LA. 10 Reasons You’ll Love Living in Downtown Los Angeles Located on the west coast of the United States, right along the eastern Pacific Ocean, Los Angeles is best known for its long-standing home of entertainment production. But, there are several benefits to living in downtown. Here are the top 10 reasons you’ll love living in downtown LA:
  1. Robust job growth. While the entertainment industry is certainly one of the largest employers, it’s definitely not the only one. In fact, LA is now exploding in IT, fashion, aerospace, and more industries.
  2. Healthy living. Being the weather and climate are so wonderful, people can get out and get active at practically anytime, day or night. Plus, there’s a plethora of healthy eateries, gyms, and more.
  3. Outdoor recreation. Not only is the recreation great for your health, but it’s also fuel for fun. Here in LA, there is no shortage of things to do.
  4. Just like the people, the nightlife scene is a diverse one, offering everything from jazz clubs to dance spots to microbrews and a whole lot more.
  5. The beach. Let’s not forget about one of the most popular and best attractions in the area. The beach spans an astounding 75 miles. Which means there’s always a place for fun in the sand and surf.
  6. What? Architecture? That’s right, plain-old architecture. (With the exception it isn’t plain.) Far from it, there’s plenty of museums, movie theaters, and all sorts of residential and commercial buildings that are simply awesome to behold.
  7. Make no mistake about it, LA is made up of people from all different cultures. And, the food reflects this eclectic blend perfectly. You won’t worry about finding exotic fare or comfort foods because it’s all right here.
  8. Arts and culture. Here again, the diversity in LA makes for a big plus -- plenty of arts and culture. No matter your taste, it’s bound to show up in LA in one place or another. Dance, music, live entertainment, sculpture, painting. You name it, it’s here somewhere.
  9. Yep, location. LA is situated between the mountains of the north and the desert out to the east.
  10. There’s no arguing the fact that LA boasts some of the best weather in the nation and it’s here almost every single day of the year.

What is a Loft? added 7-3-2018

What is a loft? Well, the answer really depends on what part of the country you’re asking about. But, in general, a loft s a residential space, converted from retail, manufacturing, or other forms of commercial space. Most of the time, it’s an entire building, previously used for commercial purposes in a transitioning neighborhood. Due to the lack of housing in several metropolitan areas, lofts are filling a big need.   What is a Loft? So, exactly what is a loft and how does it differ from a townhouse, a row house, or a condo? Here again, the answer somewhat depends on the location. But, generally speaking, a loft is a residential space, converted from a commercial space. This means, unlike a townhouse, row house, or condo, there are no or very few, dedicated rooms. Most lofts are open spaces, with areas defined by furniture, decor, and other things. That brings us to the difference in loft living. What’s it like living in a loft? Well, most of the time, lofts feature floor to ceiling windows, with concrete floors and undefined ceilings. So, they are very open spaces. The great thing about this is there’s quick access to every part of the space. Lofts are also generally more inexpensive than townhouses and condos. The reason why is there’s less construction involved. So, the savings the developers realize get passed onto the loft residents. And, since most are in up and coming areas, yet still close to the action, there is a great location for a lower price. Lofts are also usually blank slates. Because there’s no real defined style or theme, you can personalize and customize them with ease. Simply choose a style, a few colors, and voila! With just a little imagination and some practical examples to follow, you can decorate it with little effort. Now, there are some other things you should know about lofts. One is privacy. No, you won’t have people on the street peering inside. But, because there aren’t usually rooms with walls and doors, you’ll have to create individual spaces. And, since lofts are open, they can present a small challenge of inefficient heating and cooling. But, this is easily accomplished with the right heating and air systems, strategically placed. Another great thing about a loft is the fact that it’s typically in a terrific location, close to shopping, dining, and entertainment. Also, they are often right next to public transportation.

Decorating a Loft added 6-4-2018

A few helpful tips for decorating a loft can really help to transform the space from ordinary to extraordinary without much effort. Unlike traditional homes, such as single-family properties, townhouses, and condo units, lofts differ. Because of this, there is often a brief challenge when first moving in to get the right look and feel. But, with some good advice, you can decorate a loft to serve its purpose and get a lot of enjoyment out of the space. What is a Loft? Let’s first begin with what a loft is (and what it’s not). Aloft is usually one of several living areas, divided from a larger space. This large space was probably once used commercially, for retail, manufacturing, or another purpose. Then, the building underwent a transformation. And now, there are several separate living units, typically, in a part of town that’s up and coming or already desirable. Tips for Decorating a Loft Aloft is an open and airy space. Usually, there is floor to ceiling windows, high ceilings, concrete floors, and little to no separators inside. So, to make a loft into a functional living space, complete with privacy, owners use furniture and decor to make individual “rooms.” This is why consistency is important in both color and theme. Since it’s one, large and open space, unlike a single-family home, consistency is key. Here are some helpful tips on how to decorate a loft:  
  • Determine where separate spaces should be. Your first order of business is to determine what rooms go where. In other words, which area will serve as the living room, which will serve as the master bedroom, and so on. Reserve the living and dining areas where there are the most natural light and windows.
  • Divide those individual spaces with furniture and decor. Use furniture and decor to help section off spaces from one another. For example, you can “float” a sectional around an area rug and then add television to define the living room. Do the same for the dining room, placing a table over another area rug.
  • Choose a style and a color scheme to carry throughout. In order for the loft to have a visual appeal, it must be consistent since there are no hard sections. So, choose a style that can run throughout the entire space, along with neutral colors. But, don’t be afraid to add some color here and there to make it pop.

Benefits of Buying a Loft

What should you look for when buying a loft? Well, turns out the answers are fairly straightforward. But first, let’s take a quick look at the advantages of buying a loft and why these are often a good fit. Benefits of Buying a Loft So, exactly what is a loft and how is it different from say, a townhouse or a condo? A Loft is somewhat similar to a townhouse or a condo in that it’s one of a few or many units in a single building. But, unlike a townhome or condo, a loft is open and isn’t partitioned. So, it’s a big, open space with “rooms” defined by decor, furniture and more. The advantages of loft living are that the units are typically located in urban or downtown areas, are close to public transportation, as well as entertainment, nightlife, and more. What to Look for When Buying a Loft Now, what is it you should look for when buying a loft? There are five things you need to factor into your decision when considering a loft to purchase for your residence. Here’s what you need to know when buying a loft:
  • Just like with any other type of residence, you need to know the size so you understand how much space you’ll have. Consider your furniture, need for workspace, hobbies, and more. The good news is since lofts are open layouts, there’s a lot you can do with just a little imagination.
  • Lofts are usually built-out spaces within a former industrial or commercial building. Because of this, you might find a loft that’s in a building that is currently undergoing a transformation. So, if there is existing construction, ask how long it will go on until completion.
  • As mentioned, lofts are transformed into residential units made from commercial spaces. So, the surrounding neighborhood just might be a commercial and industrial environment. However, often these are part of a greater transition into an eclectic mixed-use neighborhood.
  • Energy efficiency. Since lofts are constructed from previous industrial and commercial spaces and are open and airy, you should learn about their energy efficiency performance. Then, you can decide what energy efficiency improvements you can make, if necessary to save money on utilities.
Homeowner’s association. Typically, lofts are part of an HOA or homeowner’s association. If this is the case, you should look into any restrictions and of course, learn how much the HOA fee costs   The 2018  Los Angeles Real Estate Market There’s a lot to know about the Los Angeles residential real estate market. And, some of what you’ve heard or might believe just isn't actually reality. In fact, there are some pretty big myths floating out there. But, with some examination and history, we can find the truth about LA’s housing market and what it means to you (as well as the area itself). Los Angeles Real Estate Market The Los Angeles real estate market is one that’s obviously growing. However, what you see isn’t necessarily indicative of what some are calling a “bubble.” In fact, when compared to the last several years, going back more than a decade, the current median home prices are now only equal to that recorded way back in 2007. What’s more, sales in the LA housing market only hit their high last year (actually, an all-time high). This means, there are still plenty of buyers who choose to call the area home. But, such numbers are a cause for concern to some experts in the industry. So, the question becomes, “Should you listen?” Let’s take a step back here to do a quick look back to the last few decades. Home prices rise, then generally level-off and fall slightly. Overall, the trend is typically upward from year to year, though there are dips along the way. Although, there are signs the Los Angeles housing market is beginning to lose its steam. In January 2018, about 4,840+ houses sold in LA County. That, compared to 6,610+ in December of 2017 and 5,180+ sales in January of 2017. There is no doubt prices are rising, increasing by about $40,000 through the first three months of the year. For help with Los Angeles Real Estate and Lofts for sale please contact us. Now, let’s stop and take some big factors into account that help to explain just what is materializing in the residential LA housing market. First, although prices are rising, that alone isn’t enough to qualify the market as in a bubble. This is due to the fact that lending standards are more strict than over ten years ago. Next, interest rates (though on the rise) are still near record lows --, especially when compared to the mid-1980s. Also, market fluctuations are signs of a healthy, not overly risky, market. Let’s keep in mind that inventory isn’t exactly overflowing. In other words, the present conditions are exactly what would cause median prices to rise. So, the lesson is sellers are in a strong position. But, buyers need to take action quickly to take advantage of low, affordable rates.  

Downtown Los Angeles: Things to Do added 3-1-2018

There are about a zillion things to do in Los Angeles, California. This wide-sprawling city is known for its many destinations and distractions. But, if you only have a day, weekend, or a few days to explore, you should see some of the best LA has to offer. Sure, there’s always the Hollywood Walk of Fame (and of course, the iconic sign) but for a little more excitement and tantalization, there are other opportunities of things to see and do in Los Angeles.

Downtown Los Angeles: Things to Do

When people think about things to do in LA, they automatically conjure images of celebrity names on the sidewalk. Even budding musicians hear the siren call of the local music scene. But, there are some great places to visit in LA that really showcase its diversity. Here are the top things to do in Los Angeles, California:

  • ● OUE Skyspace LA. Just about every large metropolitan city has some sort of observation tower. And, on this front, LA isn’t any different. It’s just not as well-known as some others. Go up to the OUE Skyspace in the Financial District, right inside US Bank Tower. It’s a view you won’t forget.
  • ● Broad Museum. The Broad Museum (pronounced “brode”) is home to more than 2,000 works by over 200 artists. And, it’s got something for just about any taste. It’s massive, spanning 120,000 square feet. So, it’s a great way to spend a day, if you’re really into the arts. Even the casual fan will find inspiration.
  • ● Disney Concert Hall. Home to the Los Angeles Philharmonic, the Disney Concert Hall is a must-see. It’s part of the LA Music Center, and it’s spectacular. You can take a self-guided tour or join a guided tour. (Not to mention, there are some truly great performances to enjoy.)
  • ● Grand Central Market. In Downtown Los Angeles, you’ll find the Grand Central Market. You’ll discover more than just a typical farmers’ market. Here, you’ll find greengrocers, delis, artists, bakers, food vendors, and plenty more.
  • ● Grammy Museum. Since LA has a long history of being super-involved in the music business, it’s time well-spent to visit the GRAMMY Museum. See a huge collection of nostalgia and let your mind fill with good vibes from your favorite tunes.
  • ● Fashion District. If you want to enjoy some retail therapy, this is the place to go, for sure. The Fashion District is home to all kinds of discoveries. Here, you’ll find deep discounts, too.
 

Educational Opportunities in the LA Area added 2-1-2018

There are a plethora of educational opportunities in Southern California, From big-name universities to independent colleges, to adult learning programs, community colleges, and plenty more. In fact, there are literally dozens of colleges and universities in Los Angeles. And, you can find all sorts of disciplines. From medicine to religious, to engineering, and the arts, and education fields. The sky is the limit, whatever appeals to you, you’ll find it in the LA area.

Educational Opportunities in the LA Area

So, let’s begin with some of the most recognizable names in education in Los Angeles: the California Institute of Technology, University of California, LA, University of Southern California, Pepperdine, Biola, La Verne University, and Azusa Pacific. But, the list certainly doesn’t end there.

Right within LA, there is also: California State Polytechnic University, the Charles R. Drew University of Medicine and Science, the Claremont School of Theology, Los Angeles Film School, the Southern California Institute of Architecture, The Chicago School of Professional Psychology, the Western University of Health Sciences, and plenty, plenty, more. Some of these institutions offer 2-year and 4-year degrees in arts and sciences. Others offer graduate-level courses and masters’ degrees. Plus, there are also a number of private colleges to add to the mix. What’s more, you’ll also find a good selection of trade schools. So, you can learn skills like culinary, audio production, interior design, video production, animation, automotive work, medical assisting, criminal justice, business office administration,

HVAC, plumbing, electrical, the list goes on and on. Or, you might just go in a different direction, like healthcare management, hospitality management, information technology, industrial design, maybe even counseling.

The point is, Los Angeles is home to literally dozens upon dozens of places to learn. You can opt to just go for a two-year Associate of Arts or Associate of Science degree. For those so inclined to learn a particular skill set in a short amount of time, you can opt to attend a few months for a certificate. Or, go for a four-year degree to pursue sports medicine, physical therapy, education, engineering, programming, or perhaps pre-law or pre-medicine.

The good news is, you can find easy to earn certificates, to two-year coursework for an AA or AS, a full four-year degree, or even a master’s or doctoral degree. It’s really all up to you. Whatever you want to learn to start a career or to change careers, you’ll find it all and more, right here in Los Angeles. For help finding Downtown LA Real Estate for sale including Lofts- Sales contact us.

 

Tips on Relocating to Los Angeles added 1-6-2018

Relocating to LA is a big step for anyone. (Yes, even if you live or have lived in the Big Apple.) Los Angeles is just a different environment and a different vibe. Yes, the people are mostly friendly and it’s definitely a dog-friendly town. It’s also true the entertainment industry and sports worlds are big out here. But, there’s a lot more to know about moving to LA. Tips on Relocating to Los Angeles If you are considering a move to Los Angeles, you are definitely not the only one. It’s a great town at-large and has so much to offer and explore, you’ll spend weeks and months encountering new experiences. While that sounds exciting (and it is), you should know some things before you make the trip a permanent move. Los Angeles is more than just another West Coast city, it’s a collage of various lifestyles, fashion, food fare, education, work-life, and much, much more. So, here are some helpful tips about relocating to Los Angeles:
  • Land your job before you land here for good. Yes, there are plenty of employment opportunities in LA. Yes, there are plenty of good-paying jobs in the City of Angels. But, you need to invest some time here on the ground. That’s the big secret -- the best jobs are available to those who actually live here.
  • Square away your housing situation before you move. Okay, so housing is more expensive in LA than in many cities on the west coast. But, it’s not unattainable, although you need to do your research first. So, make sure to make a commitment to line up a place before you relocate.
  • Get your car tuned up and ready to go. It’s said that nobody walks in LA. That’s not true but it does make a good point. You will benefit from having a car because of the sheer size of the town.
  • Be prepared for the scope and size of the city. Speaking of size, that’s another thing newcomers marvel over. The city sprawls out very far and wide. Which means you’ll have to get to know your way around.
  • Pack your hiking gear. What? Hiking gear? Yes, you’ll need hiking gear. No, this isn’t a joke about the size of the city. But rather, it’s because if you like to get alongside nature, there are plenty of mountains nearby to explore and enjoy.
Oh yeah, get ready to take your dog out, a lot. LA is very dog-friendly. So, you can take your four-legged friend to many places. For help finding Real Estate in the Los Angeles area, please see http://www.loftway.com  

Things to Do in Venice California

Venice California is full of tourist traps, tee-shirt shops, and a wide variety of street performers. And, that’s the things you’ll encounter when you visit Venice. But, that’s not all Venice has to offer. You can discover more to do in the area and some are downright surprising. It’s more than the typical LA scene and you’ll find things like idyllic canals, peaceful places, and of course, great beaches.

Things to Do in Venice California

Whether you’re visiting from across the country, out of town, or just a nearby state, you’ll need to put some great destinations on your list of must-see places. These will make your visit worthwhile and you’ll come away with some wonderful memories. Here are some of the top things to do in Venice, California:

  • ● Venice canals. If you like peace and quiet, you’ll simply love what the canals of Venice have to offer. Here, you’ll encounter arched pedestrian bridges, beautiful scenery, charming beach homes, and people out on the water, enjoying their day. You can join them with your own non-motorized vessel and take to the water to explore.
  • ● The Boardwalk. If you want quintessential Venice, the Boardwalk is just a must-see destination. Here, you can do quite a bit. Skate or cycle at your leisure, get in a game of basketball or jump into a game of volleyball. Plus, you can always watch people work out at Muscle Beach.
  • ● Abbot Kinney. Venice is well known for its beach scene but there’s more to it than just sand and surf. In fact, you’ll uncover an entire world right in Abbot Kinney, right along the namesake boulevard, which is home to some of the best boutiques, restaurants, galleries, and bars.
  • ● Venice Skate Park. This is certainly one of the most iconic places in Venice and around LA. It’s a great place to showcase your skate skills over even to learn a new recreational pursuit.
  • ● Venice Beach Recreation Center. Another outdoor recreation spot is the Venice Beach Recreation Center. Here, you’ll find a number of children’s play areas but also plenty for adults to enjoy. There are basketball courts, tennis courts, volleyball courts, and gymnastic equipment.
  • ● Venice Beach. Okay, so this is California and LA at large at its quintessential best. Here, you’ll find plenty of room to surf and soak up the sun. And, if you’re not proficient in surfing, there are lessons available. Plus, this is home to the Venice Beach Drum Circle, which plays vibrantly on both Saturdays and Sundays. If you are interested in Venice Ca Real Estate go to this Link
 

Cost of Living in Los Angeles

The cost of living in Los Angeles is something you need to understand if you're considering moving into the area. Of course, we all know that it's a big city. And, it does rival others in the United States. Some of which include: New York City, Miami, Chicago, Boston, and Honolulu. However, there are some substantial differences between the cost of living in LA and these other cities. Cost of Living in Los Angeles To understand the cost of living in Los Angeles, you must first take into consideration the salary ranges. Like other large metropolitan cities in the country, wages are generally higher. And, that's particularly true for higher-level positions and specialty jobs. So, what you'll earn as an IT professional, a civil engineer, a teacher, or a software engineer in Los Angeles will be a lot more than the same positions in small and even medium-sized markets. In addition to higher wages and salaries, there' also another consideration and that is home prices and home appreciation. Of course, LA is known for being an expensive residential home market. But, on the other side of that is an astounding rate of appreciation. For instance, during the period from 2010 to 2015, LA homes appreciated a whopping 78.5 percent, according to Business Insider. However, that's still less than San Francisco, which experienced a housing price increase of 20 percent from 2014 to 2015. (That same two year period, LA home prices rose by 11.3 percent.) Now, a little more about the cost of living in Los Angeles, California. So, let's take a look at some of the basic needs. Here's what you need to know about the cost of living in LA: Utilities. Your monthly utility bill will run about $110 to $115 per month for a 915 square foot residence. For comparison, the same sized place in Chicago is $122 or more per month and even higher in NYC, about $130+ and more. Food. If there's one thing the Golden State does well, it produces produce (and dairy, meat, and more). The net result is a lower cost of food for many common staples. Even mid-range restaurant meals are cheaper in LA than in some other big cities. Transportation. Unfortunately, if you plan to drive your own vehicle in LA, it's not exactly inexpensive to fill up the tank. However, if you ride public transportation, you'll pay significantly less than taking the train or bus in Chicago and NYC. In short, it's not the most inexpensive city but it's also not the most expensive. Here’s what you need to know about the cost of living in LA:
  • Your monthly utility bill will run about $110 to $115 per month for a 915 square foot residence. For comparison, the same sized place in Chicago is $122 or more per month and even higher in NYC, about $130+ and more.
  • If there’s one thing the Golden State does well, it produces produce (and dairy, meat, and more). The net result is a lower cost of food for many common staples. Even mid-range restaurant meals are cheaper in LA than in some other big cities.
  • Unfortunately, if you plan to drive your own vehicle in LA, it’s not exactly inexpensive to fill up the tank. However, if you ride public transportation, you’ll pay significantly less than taking the train or bus in Chicago and NYC.
In short, it’s not the most inexpensive city but it’s also not the most expensive. Please see our website for information about Loft Sales  

Is Buying Real Estate in LA, a Great Investment?

Yes; buying real estate is a great investment. And timing, although important, isn't quite what most people expect. Sure, buying when the local Los Angeles housing market is a bit soft is the best scenario. However, when the local LA market is on a climb, it's also a great time to buy real estate. Is Buying Real Estate a Great Investment? Many people wonder if buying real estate is a good investment. And, the undeniable truth is, real estate, particularly in markets like Los Angeles, is a terrific investment. Now, we all remember the big downturn of 2008. But, did you know that started with a tiny French bank? You've probably heard about mortgage-backed securities and feel a bit confused. In a nutshell, the banks rolled a bunch of mortgage notes into security or "stock" if you will and sold them. The move repeated thousands of times over. Eventually, risk became too difficult to measure. Panic set in but now, it's completely different. Unlike a decade ago, the real estate market (like it's been for literally dozens of decades) is stable. In fact, Los Angeles and other markets are performing wonderfully. It's why solid firms like www.loftway.com exist. So, if you're wondering why buying real estate is a good investment, here are a few reasons why: A powerful long-term investment. The real estate boasts a solid track record. Even though it's experienced some dips, historically, real estate nearly outperforms the stock market. That's because it's not based solely on speculation or uncertain future performance. It's an actual investment with real collateral. Holding is often a great way to earn a huge ROI. But, it's also possible to buy and sell on a short-term basis and make money. Ability to appreciate steeply. Everyone knows the hottest real estate markets in the country. Los Angeles definitely earns a top spot on that list. Which means appreciation is strong. That makes for a great investment opportunity. Not tied to other residential markets. Unlike other kinds of investments, a residential real estate isn't dependent on other markets or industries at-large. In other words, if the real estate market softens in the midwest, it does not have a straight or direct impact on LA. It provides leverage for other purchases. When you own a property, you own something of true value. So, it can easily be used to acquire another property. It's a great way to start a real estate portfolio to build up over time. As more properties are owned, their value increases with appreciation. Which means a big return on investment. It offers a passive income stream. Another great aspect of owning real estate is the ability to rent it out for a passive income stream. This is a great way to earn money and it's especially lucrative in a hot market like Los Angeles. The bottom line is, real estate makes a great investment. And, it's a powerful wealth-building tool as part of a larger plan. Now is one of the best times to invest in real estate and begin a path to financial security and independence.

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