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.
My Mom used to tell me over and over again to do this and do that, not do this and not to do that. ALL, I recall, very valuable advice. Looking back on it, I can say she was, and still is, a very wise woman – even though I may have not thought so at the time. Time reveals, in fact, just about every caring Mother is a Wise Woman. I can see why we carve out a special day each year to acknowledge Mothers. So here is a shout out to all Mom’s – Happy Mothers Day!! My mom is no longer here. While that can make me sad this time of year, there is a silver lining in every cloud. I am sure some reading this can relate and have similar stories. For ALL those, whose Mom is no longer with us, I’m sure they are missed. In addition to that, there are also many who never knew their Mom due to unfortunate circumstance. But we can celebrate this Mothers Day as we know Moms both here and no longer here are special in more ways than we can count. | Blog Video
In This Issue— Vol 8, Issue 5 May 2020 — Mom always said you should do this. — How Your Referrals Help Kids — And More
Especially the Moms who are sitting right now by their Child’s hospital bed not too far from where I type this…
You may recall that we are on a mission to raise $25,000 for Children’s Hospital Los Angeles. Right now, there are kids who are trying to beat the Cancer Monster and other debilitating diseases at Children’s. The Mom’s with kids fighting are most likely NOT thinking about their special day this month. They are simply just being “Mom” doing what a real loving Mom does.
This is where you can help…
Kids under the care of Children’s Recovery Center are 300% more likely to enter into remission IF they can get into the recovery center. BUT, the Recover Center survives on Sponsorships and Donations. So YOUR REFERRALS 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 we donate a substantial portion of our income on every home sale to Children’s Hospital of Los Angeles.
It’s easy to refer your friends, neighbors, associates or family members considering making a move.
Moreover, rest assured your referrals are in VERY GOOD HANDS!
Here’s Why…
Home Sellers Receive this guarantee: I Will Sell Your Home at Your Price or I’ll Buy It!*
Home Buyers Receive this guarantee: If Within 24 Months of Buying Your Home You Are Not Completely Satisfied With It, I Will Buy It Back or Sell It For Free, Your Choice*
Again, It’s easy to refer your friends, neighbors, associates or family members considering making a move. Simply pass on one of the web address www.ReferralsHelpKids.com. And of course you can always call me direct as well at 213-880-9910.
We hold ourselves accountable and are confident you or anyone you know making a move, that you refer over, will have a fail safe experience selling or buying with our team!
Life moves fast for some and we are eager to make the Home Selling and Buying experience a smooth rewarding one. Over the last two decades of helping thousands of families sell their home and/or buy another, we have met some wonderful, loving, caring people. People like you! So your referrals, those you know considering a move, that we help – you can rest assured that not only will they get the award winning service we are known for, but that a solid por-tion of the income we receive from the transaction will go toward a very worthy cause.
My Mom told me to give all I could, no matter what I was doing. Thanks Mom for that bit of advice. Many years later, I get to repeat it here and do all I can to help you, your referrals and try and help Children’s Hospital do good work, extending young people’s lives.
We make it easy for you to refer your friends, neighbors, associates or family members considering making a move. Pass along my web address www.ReferralsHelpKids.com. And again, I love hearing from you so you can always call me direct at 213-880-9910.
As this year continues to unfold, everyone here on my team wish you the very best.
And – thank you in advance for the referrals
With all my appreciation.
P.S. Remember we love honoring our past clients like you. Read all about that at www.ReferralsHelpKids.com. A significant portion of our income on every real estate transaction being happily donated to Children’s Hospital Los Angeles in an effort to raise $25,000.
P.P.S. The story of this young person below may cause you to look at your loved ones differently. It did me. Check it out.
It’s easy to refer those you know considering buying or selling a home:
You can go to www.ReferralsHelpKids.com and enter their contact info on line or forward the link to who you know considering a move. Or, you can always call me direct as well at 213-880-9910.
Impactful Real Estate News
Why I support Children’s 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 heath care 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 the good work these people do at Children’s. My team rallies around our annual goal or 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 similar commitment to their patients. And since their services survive on sponsorships and donations, we are happy to contribute, and proud to support them.
Diagnosed with cerebral palsy so severe he was tripping over his own feet, Brady came to Children’s Hospital Los Angeles for treatment. The result? A “night and day difference,” says his mom.
Whenever their son, Brady, performs in one of his many plays, Kara and Brad sit proudly in the audience. During one particular performance two years ago, however, they were beaming even more than usual.
Brady, an 8-year-old theater aficionado, stood tall on stage, poised and steady. It was a stark contrast to just a few months earlier when he swayed back and forth shifting his weight from one foot to the other to maintain his balance—something he had done nearly his entire life after being diagnosed with cerebral palsy (CP) before his second birthday.
“It was really one of the most incredible moments, just a night and day difference,” recalls Kara. “If you weren’t looking for [signs he had CP], you wouldn’t even know he had it.”
CP affects approximately 1 million people in the United States, including 10,000 children born each year. The condition affects the body’s ability to move and can’t be cured, so for many years physical therapy was Brady’s main form of treatment. The exercises helped with muscle training and improving his mobility as his body grew, but as the CP progressed, so did its impact on everyday life. At one point, Brady’s femurs were so rotated that he tripped over his own feet when he walked.
The family had been told that surgery could one day be an option, but it wasn’t a guarantee. According to Robert Kay, MD, Vice Chief of the Children’s Orthopaedic Center at Children’s Hospital Los Angeles, who has been monitoring Brady since his diagnosis, there are several criteria for determining if a child with CP is a candidate for surgery: age (typically 7 to 10 years old), if the patient has “plateaued” and not made substantial functional gains for half a year, and if nonsurgical options have been exhausted. In 2018, Brady checked all three boxes.
“In the most capable hands”
Although the thought of their young son undergoing major surgery was daunting, Kara and Brad felt confident to move forward. “What made us feel so secure was that nobody at the end of the day has the experience or has seen quite as much as Dr. Kay has,” says Brad. “I remember when we first met Dr. Kay, we got a lot of information and it felt like, OK, we’re in for a journey but boy are we in the most capable hands.”
“We would have been happy to do anything to help Brady but I appreciated the fact that Dr. Kay erred on the conservative side and didn’t immediately want to do anything unnecessary on a small child,” adds Kara. “So when he did tell us it was the right time, we knew it would benefit Brady.”
During the two-hour long procedure, Dr. Kay corrected Brady’s alignment by positioning his femur bones outward—they had rotated nearly 40 degrees—and lengthening the tendons by his hip.
What helped make the surgery so successful, Dr. Kay says, was actually what happened prior to entering the operating room: Brady underwent an extensive assessment in CHLA’s state-of-the-art John C. Wilson Jr., Motion and Sports Analysis Laboratory, which uses a 10-camera motion capture system to evaluate a patient’s gait. Strategically placed sensors on the body and force plates embedded in the floor generate invaluable information that allows surgeons to analyze all joints simultaneously, personalize treatment plans and use the data to conduct research.
In Brady’s case, motion analysis testing gave Dr. Kay a clear picture of Brady’s condition to determine exactly how much to rotate the hips.
Giving back
Today, Brady is “doing great and his progress has been fantastic,” reports Dr. Kay. While his physical improvement has been “astounding,” according to his parents, Brady’s effervescence and upbeat attitude have remained constant.
“He has always been the life of the party and loves to perform, but what the surgery did was enable that confidence to continue to blossom even more,” says Kara.
In fact, Brady started participating in group sports, something he had never done before, and began playing basketball with his twin brother, Jackson, and a group of friends.
Watching Brady thrive has brought immense joy to his parents. When they look back on their experience, one of the lasting memories is how welcomed they felt by the doctors, nurses and other caregivers, every step of the way.
“We hope none of our friends and family need to be [at Children’s L.A.],” says Kara, “but if they do, there is no better place to be.”
Whether it’s someone they know or another child in the community, Kara and Brad want to make sure expert pediatric orthopaedic care is available to anyone who needs it. As members of the Children’s Orthopaedic Center Leadership Council, they help raise funds throughout the year to support crucial services like the Neuromuscular Program and the Motion and Sports Analysis Lab, which is the only accredited lab in California and one of just 14 fully accredited motion labs in the country.
“For us, Brady’s experience was a 50 out of 10, but then you look around and see what’s happening for others, too, and that’s when it becomes even more special,” says Brad. “This hospital and its capabilities are unbelievable, and I truly feel like it’s a diamond in the middle of the city.” By Eunice Oh — Story and photos courtesy Children’s Hospital Los Angeles
How you can help
Refer your friends, neighbors, associates or family members considering making a move: www.ReferralsHelpKids.com or call us at 213-880-9910.
Refer a friend who’s making move. Fill out my online form:
Refer a Friend and Help the Kids. Fill out the online form:
Your referrals help kids like Brady www.ReferralsHelpKids.com
