June 2020 – Page 11 – LA Loft Blog

The monthly DTLA sold homes report has arrived. The month of May has revealed panic selling in Downtown L.A. as many buyers and sellers stayed clear of the market. Only 16 residential properties were transacted, and they sold faster, and at lower prices, indicating that a few savvy investors took advantage of the declining property market by demanding home price concessions from motivated sellers. #realestate #dtla #homeprices

The median Downtown LA home price dropped from $574,500 in May of 2019 down to $526,000 last month. Those few sellers who were willing to sell were in a bit of a rush. The average property sold in 32 days compared to 37 days for the same period last year.

The L.A. Loft Blog continues to forecast falling real estate prices for most months in 2020.

Reader Questions:

Q: What is happening at chase tower downtown la 1100 wilshire? A: The luxury highrise loft condo building HOA may still dealing with several lawsuits. There’s 10 units for sale and several for lease. For lawsuit details, request a litigation search.

Q: Hello, My name is Van im an artist and filmmaker living in LA for the last 12 years. Always dreamt of having a big live/work in the city but could never afford it. Im looking for something in the low 2k’s per month, and i have a small dog. must include parking as well. im flexible with price. let me know if you can show me a few places, i called twice today but couldnt get thru to anyone. thanks so much. Van A: Thank you for your request. I may not currently have any listings in your price range, but you will find some on the LA Loft Blog, then I can tell you the contact info of a listing agent.

Q: Is the middle class really moving out of California? A: Yes, Approximately 388,000 net persons moved away from California in 2019, with the majority of them middle income couples and families.

Q: Are we going to have a housing apocalypse? A: Yes, something like that. The word “apocalypse” may be a bit dramatic and fanciful, but housing is one of many sectors that shall experience tremendous shocks and cascading crises due to the radical, unprecedented global economic shutdown. The L.A. Loft Blog, which predicted a deadly respiratory plague, was the first to warn that the cure for coronavirus (AKA mass hysteria and global panic) shall be much worse than the disease. 600 doctors later agreed, IMF International Monetary Fund and CNBC are all on the same page, warning about unexpected, extremely detrimental economic effects of lockdown.

http://www.laloftblog.idxbroker.com/i/downtown-los-angeles-lofts-for-lease

LOFTS FOR LEASE

Find out what the home down the street sold for

Find out how much the loft down the street sold for. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

National Guard troops leaving Downtown Los Angeles after riots and looting quiet down

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Chambers Team L.A. — The Big Why: What’s Our Motivation?

I had an inspiration. I had a dream that I want to go and change people’s lives through real estate. I want to help people do what I did. And it was all about helping others and changing people’s lives, impacting, inspiring, and improving lives of others — through real estate. I saw what it did for my life, and I wanted to help others to do the same thing. Since I was a child, I was always going door to door raising money for charity. I always knew that I wanted to serve the country. It’s an idea. It’s democracy. It’s service. It’s doing something that’s bigger than yourself. #coreychambers

At 19 years old, I enlisted in the Air Force. I loved being in the Air Force learning what is going on all over the world, sending and receiving America’s most sensitive military communications, supervising Air Force base data centers, navigating satellites as part of space command, via telemetry transmissions. It was one of the best experiences: I got to serve our country. I went to Japan and spent time with information technology scientists in Silicon Valley, I got to lead troops on a daily basis. And I came back. It took many years for me to buy a home. When I did finally buy a big industrial style live/work loft condominium unit, I was grateful that I was able to also help thousands of others to own a home. #losangeles

And it was all about helping others. Changing people’s lives, impacting, inspiring, improving lives of others through real estate. I saw what it did for my life and I wanted to help others do the same thing. I always tell people I want something for you. Not from you. I’m going to stand up for you because I think that home ownership is one of the great American dreams. And it’s one thing that can change your financial position. It can change your life. And that’s something I want to give to everybody. I want people to have that dream — to have those four walls that they can call their own.

I truly believe that children are our future. We all are either raising kids or we remember what support and love like that which I was lucky enough to receive. All children always need that kind of help and care that we needed when we were kids. My team and I are on a mission to raise $25,000 for Children’s Hospital Los Angeles. As one of the Ambassadors of Children’s Hospital, when I go there and see the amazing kids as they are suffering from some of the worst illnesses imaginable, and how they power through it, they teach us and remind us not to sweat the small stuff, by their example of how bravely they look at the bright side of life and enjoy every minute, even when they have pain and tubes sticking out of them and carts of IV solutions, surrounded by medical equipment, prodded by needles and discomfort. They are a real-life tear jerker, an inspiration the way that they have a zest for life and zeal for moving towards a better future. They are the BIG WHY, the reason why we’re doing what we do. #realestate

When that is your main goal, then everything just seems to fall away. That the day to day struggles, the challenges, you know, there’s all kinds of challenges, owning and running and starting a business. There are many, many struggles, but every day I get up with an inspiration and it is to change people’s lives. And when that drives you, there’s not a lot of things that can get your way. You have the right mission and you have a right goal. You have the right instinct. When you have a bad day, it doesn’t matter because you’re doing something that you believe in. You’re, changing your part of the world. You are impacting human life. This is not about dollars and money. Those things will all follow. If we do the right things right. And that’s why we’ve been successful. That’s why we’re able to grow our company, team, clients to so many thousands of people is because we believe in people and taking care of others and changing their lives.

How can we help you? Fill out my online form:

<a href="https://laloft.wufoo.com/forms/m1spfx910pdzxmx/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Month: June 2020

Real Estate Market Report Downtown Los Angeles May 2020

Corey Chambers Los Angeles Real Estate Inspiration

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