I'm looking to rent in the area, and a lot of loft sellers have switched to rentals. They're charging around $1,500 to $2,000 for nice, but small, condos. Lowest prices are around $700 for tenement style hovels. :-)

The price probably won't go down that much but its stil a great time to buy. Make crazy offers and get one.

I hate to say it, but I'm a bit suspicious when a bunch of realtors say buy buy buy!!!! Are there any agents or home buyers out there with another opinion? I looked at the loft market as well, and the increase in inventory made me reconsider.

It is a great time to be a buyer in Downtown LA!!! There is some great inventory on the market now. I specialize in the downtown area and absolutely love it!!!!

Hi Lofter,

Trulia currently shows one loft for sale in Los Angeles and in your price range. Below is a link to the listing which will show some comparable properties as well.

I hope this is helpful to you.

Best Wishes,

Emily Gibson
Customer Service Representative

Hello, Lofter! I believe now is a great time to buy. People ARE still buying and you have a great selection of properties at this time. Best of luck to you!

Hello Lotter,

The best time to buy is when you are willing, ready and able ! When you see "the one" you like, it is the time to buy.