August 2021 – Page 11

Up or down? Urban home prices continue to plummet.

Residential Property Prices Update

Urban L.A. home values continue to drop, as they take longer to sell. Motivated home buyers get more scarce in an economy that bears less and less resemblance to the America that we once knew. While radical money printing can prop up the casino-like stock market seemingly almost forever, Americans have grown weary of artificially propped up housing prices. The temporary pandemic real estate boom of 2020 is long gone as families have completed their staycation home improvement expansions, and finished their safer residential suburban neighborhood purchases. Today, the market must unwind the slow, painful way, the traditional way when prospective investors realize that long-term prospects are not at all exciting. Like most other major metropolitan areas, DTLA did not take part in the 2020 hot suburban real estate market.

What took just 18 days to sell in July 2020 now sits 49 days on the market in July 2021. Lofts are down $40,000 this year. Downtown LA median price July 2021 of $525,000 sold in 2020 for $565,000. | PDF REPORTS: JULY 2020 | JULY 2021

How much is your loft worth?

Get a list of recently sold homes in the area, along with a list of currently active homes for sale. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/qbg942419l39cs/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

L.A. loft prices drop by $40,000 in 2021.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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.

Drew Christian Donovan AKA Christian Andrews – Described as a highly-skilled con-artist

REAL ESTATE NEWS

SPECIAL UPDATE: DREW DONOVAN DEAD ( reported 5/24/2022)

DONOVAN REPORTED SCAMMING INDIVIDUALS AND BUSINESSES AROUND KNOXVILLE, TN

To real estate professionals and anyone involved in a real estate transactions: Beware of con men like Drew Donovan once known as convicted felon Jimmy Wayne Jackson. The purchase and sale of a loft, condo or house has some risks that a criminal may spy the opportunity to take advantage of. When working with an agent, broker or philanthropist, make sure they are who they claim to be. Agents themselves can be the target of a scam. The con man will use the credibility of an unsuspecting real estate professional to get the confidence of a victim, he will also use the aura of hotels and banks to give an essence of credibility. It could end up costing you more than just money. | MORE

Know who you are working with and who they are bringing into your real estate transaction. Be proactive, and ask questions to ensure you are not being taken advantage of in this emotionally charged situation. Prolific con artist Drew Christian Donovan has recently been spotted in Knoxville, TN. The state of California apparently became too hot for Donovan after years of hammering by the Loft Blog and its readers. Little does Donovan know that the Loft Blog today reaches the south just as quickly as it reaches Los Angeles.

To Knoxville hotels, real estate professionals, banks and the general public:
We have just received an anonymous tip that one of the most prolific con artists of Los Angeles has just been spotted in Knoxville, TN. Highly skilled in the art of the con, Drew Donovan has made off with millions of dollars from hundreds of ordinary people all over California and nationwide. Hotels, banks and real estate agents should be on the lookout, as Donovan has been known to use them in his confidence scams. He also uses technology to print fake checks, fake payments, fake phone calls, fake texts, etc.
Donovan’s scheme usually involves requesting financial help in exchange for thousands or millions of dollars from his phony inheritance. In addition, he is suspected of drug-related rapes of young men and kidnapping of a mother. An ounce of prevention is worth a pound of cure.
Details: https://www.laloftblog.com/?s=donovan

If you receive any information on criminal activity by Drew Donovan, please report it to your local police and notify the L.A. Loft Blog fraud department fraud@laloftblog.com
Thank you.

#DrewDonovan #Criminalminds