Downtown Los Angeles Property Market Report December 2022 | Real Estate Recession as Prices Continue to Fall

Mixed use live/work residential commercial triplex with street retail for sale Lincoln Heights by DTLA

REAL ESTATE NEWS (Los Angeles, CA) — Urban home prices continued to plummet in December, confirming a real estate recession in L.A. The end of 2022 saw less than half as many loft condos sold, properties taking about 50% longer to sell. The average DTLA home price dropped by nearly $100,000 as compared to the same month of the previous year, according to MLS Multiple Listing Service statistics in Downtown and nearby loft neighborhoods, areas 23, 42 and 1375.

In December of 2021, 45 properties sold. 57 days on market average, 41 days median. Median price $630,000 and average price $724,000. Total volume $33 million.

Last month, only 22 sold. 84 days on market average, 72 days median. Median price $563,000 and average price $625,000. Total volume only $14 million.

How much is your home worth? Get a free list of recently sold comparable properties, along with an updated list of home currently on the market nearby. Fill out the online form.

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Live/work residential duplex and retail complex for sale in Lincoln Heights near Downtown

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 01889449. 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.

Corey Chambers Real Estate Newsletter January 2023 | The SoCal Home

Exciting New Year’s Resolution… | PDF

As a fellow lover of the holidays, I wanted to write you this personal letter and share some exciting news for the New Year. Most people Establish New Year’s resolutions but fall short of keeping them for whatever reason. So each year, I highlight an excellent book that helped my team improve our follow-through on achieving important goals. I wanted to share with you ATOMIC HABITS BY JAMES CLEAR. He has found that setting bold goals starts with writing them down with due dates. 

Some of your friends, neighbors, associates, or relatives may have a New Year’s resolution to make a move. Well – we can help them with that, help you and help the kids at Children’s Hospital of Los Angeles at the same time.

Your referrals help the kids!

Go Serve Big!!! Investing In Our Southern Californian Kids

If you or a friend are thinking about selling, make sure to choose a real estate company you can trust! A real estate company with experience, proven results and a give-back philosophy!

For the month of January, anyone you know wanting to sell their house — I will guarantee the sale of their home for 100% of Market Value, or I’ll Pay the Difference.*

They outline the goals, I agree to deliver. If I don’t, I pay the penalty. Who do you know considering selling their home that would benefit from that kind of peace of mind? Just let me know, and we’ll give them a call!

AND REMEMBER… Your referrals help the Kids…

We are on a mission to raise $25,000 for CHLA. We do this by donating a portion of our income from homes we sell. As you know, Children’s Hospital of Los Angeles does great work in helping kids fight through and survive nasty life-threatening diseases like cancer, Non-Hodgkin’s lymphoma, leukemia and others. They also lead the way in helping kids come back from spinal cord injuries as well as early diagnosis of autism. Last year alone, Children’s helped over 1,000,000 kids right here in Los Angeles. BUT, Children’s relies on sponsorships and donations to provide their elite level of care, and to keep families’ expenses to a minimum. So YOUR REFERRALS REALLY DO HELP THE KIDS…

Who do you know considering buying or selling a home you could refer to my real estate sales team?

Not only will they benefit from our award-winning service, but you can rest assured we are also donating to a very worthy cause.

Go Serve Big!!! Investing in the Children of Los Angeles.

A Real Estate Company that Gives Back!

Children’s Hospital LA leads the way in serving kids one patient at a time.

We are still boldly on a mission to raise $25,000 for Children’s Hospital of Los Angeles, and we are making progress! We donate to them a portion of our income from homes we sell. As you know, CHLA does AMAZING work in helping kids fight through and survive nasty diseases like cancer, Non-Hodgkin’s lymphoma, leukemia, and others. They also lead the way in many other fields.

They can provide this care and keep patient costs to a minimum due to donations and sponsorships. We are proud to support the Children’s Hospital of Los Angeles!

As in the attached story, Children’s Hospital of Los Angeles provides the best pediatric medical care available anywhere in the country. To do that, CHLA needs donations to continue its leading-edge care. We proudly donate a portion of our income from real estate sales to CHLA to help them continue serving the needs of those who most need it in Los Angeles!

Who do you know considering buying or selling a home you could refer to our real estate sales team? Not only will they benefit from our award-winning real estate service, but a very worthy cause will also benefit as well. To refer anyone considering buying or selling a home, just give me a call or pass on my number. 213-880-9910.

Thank you in advance for your referrals!

You and your referrals mean more than ever to my team and me. As we move forward thru this winter, please know we are extremely thankful for you and you being a special part of our business.

Go Serve Big!!! — Corey Chambers

Your Home Sold Guaranteed!

P.S. I copied and pasted the story below from the CHLA website. It better tells the story of the work they are doing.

MAKING A DIFFERENCE

As a leading charitable hospital, CHLA depends on sponsorships and donations to continue its leading-edge service. We proudly donate a portion of our income from real estate sales to CHLA to help them continue serving the needs of those who most need it in Los Angeles!

A real estate company with experience, proven results and a give-back philosophy!

Over the years of helping many families sell their homes and/or buy another, we have met some wonderful, loving, caring people. People like you! So your referrals can rest assured that, not only will they get the award-winning service we are known for and the guarantee to back it up, but that a solid portion of the income we receive will go toward helping the kids.

Refer your friends, neighbors, associates or family members considering making a move:

You can go to www.ReferralsHelpKids.com and enter their contact info online or forward the link to someone you know considering a move.

Of course, you can always call me direct as well at 213-880-9910


Why I support Childrenʼs Hospital, Los Angeles

I grew up right here in the Greater Los Angeles Area, born in Los Angeles County at St. Francis Hospital. I remember when I first heard about a young person close to our family suffering from a nasty disease and getting treated for that at Children’s Hospital Los Angeles. It was then that I began to pay closer attention to the work they do at that hospital. Since then, I have learned that it is a collection of hard-working healthcare professionals, most making their home right here in the Los Angeles area, all coming together for a common cause. That cause is to help young people overcome unfortunate health issues that life sometimes throws our way. Being a Los Angeles Area California native, I take pride in supporting in a way that I can do the good work these people do at Children’s. My team rallies around our annual goal of raising money and donating portions of our income to help Children’s in their quest to heal young people when they need healing. My team and I are committed to providing outstanding results for buyers and sellers referred to us by our past clients. I have discovered that Children’s Hospital Los Angeles shares a similar commitment to their patients. And since their services survive on sponsorships and donations, we are happy to contribute and proud to support them.

Sincerely,

Corey Chambers, Broker

*seller and Corey must agree on price and time of possession. CalDRE#01889449

At birth, it seemed Jaxon’s only hope was a procedure that would leave him with “half a heart.” But once in surgery, everything changed.

Born with Ebstein’s Anomaly, Jaxon Now Has a Normal Heart

By Katie Sweeney

Breann’s phone doesn’t usually ring at 7 in the morning. So when it did—and she saw it was her OB-GYN—she had a bad feeling. She was pregnant, and she had gone for her 20-week ultrasound the day before. Her doctor did not have good news. “She said something ‘looked off’ on the ultrasound,” Breann remembers. “And it could be nothing—but it could be something.” Two weeks later, she and her husband, Daniel, were sitting in a pediatric cardiologist’s office, hearing the most devastating news they could imagine. Their unborn baby had Ebstein’s anomaly, a heart defect where the tricuspid valve does not form properly—preventing normal blood flow into the right side of his heart. “He told us most of these babies don’t even make it to delivery,” Breann says. “And if they do, their lifespan isn’t very long and their quality of life is not good.” They left the appointment in a daze. “What do we do now?” Daniel remembers thinking. “How the heck do we proceed? Because if there was even a 1% chance for our baby, we wanted to go for it.”

Finding Hope

Fortunately, the doctor who had referred them to the cardiologist called later that day and urged them to get a second opinion. “He told us he could send us anywhere we wanted to go,” Daniel says. “He mentioned Children’s Hospital Los Angeles.” The couple began doing research and quickly decided on CHLA. It was a long drive but doable—80 miles from their Hesperia home. Most importantly, they liked that the hospital has a Heart Institute that specializes in treating babies and children with the most complex congenital heart defects. Soon, they were meeting with CHLA Cardiologist Jon Detterich, MD. Dr. Detterich confirmed Ebstein’s anomaly diagnosis and the risk that the baby would not make it to delivery. But there was also hope. Their baby would most likely need a surgery called the Starnes procedure, which essentially closes off the malfunctioning right side of the heart. A baby’s circulation is rerouted through a series of three surgeries so that the left side of the heart can do all the work—pumping blood to the body and the lungs.     Children’s Hospital Los Angeles is one of only a few centers in the country to perform this lifesaving procedure, which was developed 30 years ago by Vaughn Starnes, MD, co-director of CHLA’s Heart Institute.“The second we met with Dr. Detterich, we knew this was where we wanted to be,” Daniel says. “We were scared, but we felt like we had a plan.” Now, they just had to get through the rest of the pregnancy. “It was a roller coaster,” Breann says. “Some days, I’d be poking my belly, going, ‘Are you still alive in there? Why haven’t you kicked? Kick! Kick!’ Because at every appointment, every ultrasound, we didn’t know if he would be gone.” 

A Severe Case

On Feb. 13, 2018, Jaxon arrived—a full-term baby weighing in at 7 pounds, 7 ounces. The first good sign? He was breathing. He was quickly transported to Children’s Hospital Los Angeles, where an echocardiogram (ultrasound of the heart) confirmed that his tricuspid valve had not developed normally and was in the wrong position. In addition, his right ventricle—which pumps blood to the lungs—was much smaller than normal, while the right atrium was too large. There is a spectrum of Ebstein’s anomaly,” Dr. Detterich explains. “Jaxon’s case was severe.” Doctors immediately started Jaxon on a medicine called prostaglandin E1 (PGE), which keeps open a special fetal blood vessel that normally closes shortly after birth. Keeping this vessel open allowed blood to flow to his lungs despite his abnormal valve. After about a week, with Jaxon’s lung pressures stable, the team decided to see if Jaxon’s heart could function without the medicine. If it could, he would not need surgery right away. But after just a few hours without PGE, his oxygen levels plummeted—a clear sign that his heart was not able to pump enough blood to his lungs. Doctors quickly restarted the medicine and began planning for the Starnes procedure. A few days later, on Feb. 26, 2018, Jaxon was wheeled off into the operating room. Breann—who had suddenly fallen ill the day before—was at home, anxiously glued to her phone. Daniel settled in for a long wait in the hospital, his mom by his side. The surgery was expected to take three hours.

But inside the operating room, things were not going according to plan.

A Mid-Surgery Decision

Dr. Starnes and fellow congenital heart surgeon Ram Subramanyan, MD, PhD, had prepared to close off the right side of Jaxon’s heart. But as Dr. Starnes studied Jaxon’s valve and ventricles, he paused. “In most of these newborns with severe Ebstein’s anomaly, there’s little to no valve leaflet tissue, and the right ventricle is very thinned out. It’s like a bag without much muscle function to it,” Dr. Starnes explains. “In that situation, there’s not much you can do besides the Starnes procedure.” But Jaxon’s case wasn’t fitting that mold. Dr. Starnes could see that there was more valve tissue than had been visible on the echocardiograms. That tissue was plastered to the heart wall, as is typical in Ebstein’s anomaly—but it was there. In addition, the right ventricle wasn’t as weak as it had appeared. “We felt that it could be capable of pumping blood to the lungs if there was a competent tricuspid valve,” Dr. Starnes adds. The two surgeons conferred. The Starnes procedure has been proven to provide superior outcomes in severe Ebstein’s anomaly. But in this case, Dr. Starnes felt it was possible to repair the valve—giving Jaxon a chance to live with a fully functioning heart. Dr. Subramanyan agreed. The surgeons decided on the spot to perform an advanced operation called the cone procedure—a surgery rarely done in newborns. They went to work, carefully separating the valve flaps from the heart wall and rotating them into a cone-shaped valve that could open and close. They also reattached the valve at the correct location in the heart. The procedure took less than an hour. Dr. Starnes headed out to talk to Daniel, who was startled to see him 90 minutes earlier than expected.

“He came out and said, ‘We fixed it,’” Daniel remembers. “I was like, what do you mean you fixed it? I was so surprised, I don’t even think I said thank you.” He called Breann. “We were both like, holy cow, what just happened?” Daniel says. “That was a miracle.”

A Ball of Energy

Jaxon’s parents weren’t the only ones surprised that his valve had been repaired. His cardiologists were astonished, too. “Most centers do not do this surgery in the newborn period,” Dr. Detterich says. “For our surgeons to make this change on the fly was pretty amazing.”

Jodie Votava-Smith, MD, who led Jaxon’s care for the first week of his life and has been his cardiologist ever since, was also astounded at the news. But a bigger question remained: Would the repair hold up? The answer was a resounding yes.

“He’s a normal boy,” says his mom. “He’s a ball of energy. You would never know he had surgery.” Now almost 5, the blonde, tow-headed preschooler loves zipping around on his scooter, swimming, playing with the family dog, having spirited arguments with his 8-year-old sister, Aubree and enthusiastically counting everything around him. “He’s a numbers guy,” Daniel says with a laugh. “He’ll be like, ‘Dad! There’s five of these!’” When Jaxon first came home from the hospital, he needed medication for a type of irregular heartbeat that is common in Ebstein’s anomaly. But after a few months, the condition resolved. Today, he takes no medications and has no restrictions. His yearly echocardiograms at CHLA show a normal heart. “We thought he was going to have to live with half a heart,” says Dr. Votava-Smith. “Instead, our surgeons fixed it to be a fully functioning, four-chambered heart. It’s a remarkable outcome.” Breann and Daniel want to express their gratitude to the entire Heart Institute team at CHLA. “I don’t know where else we could have gotten this level of care,” Breann says. “I am beyond thankful to all of his doctors, his nurses, everyone. They are like our family.”

How you can help:

Refer your friends, neighbors, associates, or family members who are considering making a move:

www.ReferralsHelpKids.com or call Corey at 213-880-9910

Story Courtesy Children’s Hospital of Los Angeles

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Broker, DRE 01889449. 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 are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.