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Bree Long's Blog

By Bree Long | Broker in Los Angeles, CA
  • When is the Downtown L.A. Art Walk? The 2nd Thursday of Every Month

    Posted Under: Entertainment & Nightlife in Downtown  |  September 4, 2010 4:14 PM  |  2,168 views  |  2 comments

    The Downtown L.A. Art Walk is a free, self-guided tour of a wide genre of art venues in Downtown Los Angeles. From commercial art galleries to museums, and non-profit arts exhibitions, there's a little bit of something for everyone. The Downtown L.A. Art Walk takes place on the 2nd Thursday of every month. 

    The Downtown Art Walk has been going strong since its inception in September 2004,  with thousands of people attending every month. Participants in the Downtown L.A. Art Walk include the following list of nearly 50 art venues:

    Downtown L.A. Art walk galleries

    The Downtown L.A. Art Walk takes place in the central downtown area, within the walkable districts between the Grand Avenue / Disney Hall / MOCA, Little Tokyo, the Financial District, and centered around Gallery Row on Main and Spring Streets in the Historic Core. You'll find that the majority of galleries are open until about 9 p.m., with a few closing either earlier or later. It's best to call the galleries directly for more specific information.

    If you want to avoid traffic and parking hassles, your best bet is to take advantage of the Metro system since the Downtown L.A. Art Walk is easily accessible via the Metro Red, Gold, and Blue line trains, and many run until at least midnight. The closest Metro stop is Pershing Square but  paid parking is also plentiful in the area, in case public transit isn't your thing.  Parking meters are available until 4PM, and free after 6 or 7 PM on most streets. Once you're downtown, local LA City DASH buses are an easy way to get around for only 25¢ until 6PM. After the Downtown L.A. Art Walk, you'll find an abundance of bars and lounges that wil be open into the wee hours with entertainment, food, and drink. Be safe, have fun, and enjoy the walk!

    By the way, I sell real estate throughout urban L.A.

    Please contact me if you would like more information about the real estate market in Urban L.A., or the Downtown L.A. Condo market. 

    For a free list of homes for sale, please visit UrbanPulseProperties.com.

  • Sales of Downtown L.A. Condos for July 2010

    Posted Under: Market Conditions in Downtown  |  August 31, 2010 11:42 AM  |  657 views  |  No comments

    Sales of Downtown L.A. condos increased, by nineteen percent (19%), in July, 2010, and in comparison to the same month last year. Downtown L.A. condos sales have been on the rise since hitting a low point for the year in February. Despite a steady increase in sales over the last several months, only twenty-five (25) Downtown L.A. condos were sold in July of 2010, while the Combined L.A./Westside MLS reflects the sale of twenty-one (21) Downtown L.A. condos for July 2009.

    Homes Sold in Downtown L.A. condos for July 2010:

    Sales of Downtown L.A. Condos for July 2010

    Supply continues to outpace demand, although there was a 15% decrease in Downtown L.A. condos for sale in July 2010, as compared with the same month last year. There were two-hundred and sixty-five (265) Downtown L.A. condos listed for sale in July of 2010.

    Sales prices for Downtown L.A. condos actually increased by seventeen percent (17%) in July of 2010 and compared to the same period last year. This is another positive indicator that the Downtown L.A. real estate market may be gaining momentum.  The median ‘sold’ price for Downtown L.A. condos in July, 2010 was three-hundred nienty-one thousand dollars ($391,000) as compared to an average sold price of three-hundred thirty-five thousand dollars ($335,000) just a year ago. 

    Median Sold Price of Downtown L.A.  Condos for July 2010:

    Median Sold Price of Downtown L.A. Condos for July 2010

    The average 'days on market' for Downtown L.A. condos in July 2010 has increased by a nominal 3%, or two additional days on the market from this time last year. This is a postive sign that shows tolerance for price increases and perceived value, since homes are continuing to sell at virtually the same rate as from July of last year when prices were substantially lower.  Downtown L.A. condos are being priced correctly for present market conditions and those in the market to buy now are acting swiftly.

    Though listing prices of Downtown L.A. condos have increased by about two percent (2%) from July 2009 to July 2010, the actual sales prices of Downtown L.A. condos has risen significantly by seventeen percent (17%), which shows a better comprehension by home sellers of true value of their downtown L.A. condos, as supported by the current purchase prices of these same condos in the downtown L.A. market. 

    Please contact me if you would like more information about the real estate market in Urban L.A., or the Downtown L.A. Condo market. 

    For a free list of homes for sale, please visit UrbanPulseProperties.com.

 
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