Edwin Baloloy – Page 25

August 9, 2022 by Edwin Baloloy

Modern Condo in Downtown LA Market Lofts

Located near Pershing Square and the Financial District of Downtown Los Angeles, Market Lofts provides 24 hour security and nearby retail with modern architecture.

Presented by Andrew Yang of eXp of California Inc – DRE 02107606

View full listing information here.

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July 24, 2022 by Edwin Baloloy

July Mid Rise Update – Chapman Commons, The Domain, Harbor Lofts, and Stadium Lofts

I accidentally linked the July video in some email blasts. Sorry! I meant to use this link for August 2022.

But continue on this page of you wanted to see what happened in July. Click the above link for August.

JUST LISTED – Downtown Anaheim Condo with Pool and Packing House View!

For my latest market update, I share a few key indicators of how the market has responded to the April interest rate hike:

“Days on Market” – this is how long a listing sat on the market before going under contract. While the sold listings have yet to reflect the impact, the pending sales are more of a reflection of what I’m seeing out there. Once the July and August numbers are in, I expect closed sales to reflect longer times on the market before selling.

Number of Cancelled / Expired Listings – for almost all of the buildings a specialize in, we’re going to see a higher amount of listings taken off the market compared to 2021.

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July 13, 2022 by Edwin Baloloy

JUST SOLD with Pool View: Largest 2 bedroom single level in The Domain

After less than one week on the market, this Domain Plan 5, 2 bedroom, 2 bath condo sold for $710,000. There were 7 total offers received after re-launching this listing with professional photos, a 3D tour, staging, and a hosted Open House. The condo was previously listed by another brokerage for $699,000 and sat on the market almost 2 months.

Plan 5 within The Domain of Anaheim

1,319 square feet, 2 bedrooms, 2 baths

421 S. Anaheim Blvd #3, Anaheim, CA 92805

This Plan 5 unit sits right above the stylish pool area with Downtown Anaheim just steps away out a secure gate.

View 3D Tour

View full listing here.

Call Edwin for more information at 714-501-2732

Do you own a condo or townhome in Anaheim? Check out my latest Market Report.

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June 15, 2022 by Edwin Baloloy

June Market Update for Chapman Commons, The Domain, Harbor Lofts and Stadium Lofts

Click on the video above to see how long it’s taking to sell in your community: Chapman Commons, The Domain, Harbor Lofts, and Stadium Lofts.

While some communities are showing only a short time to sell, we can expect that number to take longer as inventory skyrockets due to seasonal cycles, higher interest rates, and some agents and their sellers being out of touch with the current market conditions.

Overall, the City of Anaheim saw its active inventory increase by 60% in May compared to the prior year.

More listings on the market gives the current pool of buyers more choices. Sellers might be tempted to simply list at the last price sold in their building. While that may have worked back in March, the market simply offers more selection where a superior home (or even brand new) may be available.

The Domain saw 4 active listings on the market during the weekend of June 11th. That was the first time 4 condos were listed at the same time in years. A total of 5 new listings hit the market for the last 30 days for The Domain. 2 listings have already exceeded 30 days on the market with one price reduction.

Throw in the effects of disclosing a litigation settlement (The Domain), a messy condo cert, or impending litigation (Harbor Lofts), then the need for a condo specialist really becomes crucial to maximize your price.

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