market outlook

Northeast Los Angeles Real Estate on the Rise

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Northeast Los Angeles market is ramping up for the traditional selling season after a slowing for the winter months.

  • New inventory has increased from 61 units to 149 per month
  • Sold units were at 89 in December and slowing into February to 70
  • Inventory was low at 152 at the end of the year and current is 254 units for February - a normal inventory range over the last few years is 240 to 270 units

All that said, we are now entering the busy selling season.

Market outlook in the Urban Hillsides communities

Last week, there were 53 new listings and 36 price reductions in the Northeast Los Angeles area, including Atwater Village, Echo Park, Eagle Rock, Glassell Park, Highland Park, Lincoln Heights, Los Feliz, Mt. Washington, Silver Lake, and Montecito Heights.  

Featured Property:

Situated south of Sunset Boulevard in Silver Lake, the 2,500 square foot new home has an asking price of $1,150,000. It did have a price change up by $51,000 recently.

featured-listing-10-22

featured-listing-10-22