Weekly market report: The holidays are here!

Fewer properties are going into escrow as we approach Christmas and the New Year. New listings dropped to 22 from the previous 46, with back on market, price reductions, and pending/back ups trailing slightly lower. Solds and available inventory remained steady at 39 solds and 242 available. December 16, 2013

• New listings: 22
• Back on Market: 7
• Price Reductions: 10
• Pending/ Back up: 31
• Sold: 39
• Total available inventory: 242

See the stats from previous December dates after the jump.

December 9, 2013

• New listings: 46
• Back on Market: 12
• Price Reductions: 12
• Pending/ Back up: 38
• Sold: 38
• Total available inventory: 244

Click on the map below to search active listings in Northeast Los Angeles:

NortheastLosAngeles

Looking to buy or sell? As a 30+ year resident of Echo Park, I know the area! Contact me today!

Areas in Northeast Los Angeles/the Urban Hillsides I serve include: Atwater Village, Echo Park, Eagle Rock, Glassell Park, Highland Park, Lincoln Heights, Los Feliz, Mt. Washington, Silver Lake, and Montecito Heights.

Market outlook in the Urban Hillsides communities

New listings are down 50% from beginning of month, which is a typical seasonal adjustment. Properties going into escrow are consistent, while sold properties are down slightly. The monthly pattern shows a solid market as we move further into the holiday season. November 28, 2013

• New listings: 14
• Back on Market: 11
• Price Reductions: 15
• Pending/ Back up: 38
• Sold: 26
• Total available inventory: 231

November 21, 2013

• New listings: 36
• Back on Market: 8
• Price Reductions: 17
• Pending/ Back up: 40
• Sold: 30
• Total available inventory: 262

November 14, 2013

• New listings: 41
• Back on Market: 15
• Price Reductions: 18
• Pending/ Back up: 45
• Sold: 29
• Total available inventory: 262

November 5, 2013

• New listings: 32
• Back on Market: 19
• Price Reductions: 20
• Pending/ Back up: 46
• Sold: 43
• Total available inventory: 268

October 29, 2013

• New listings: 43
• Back on Market: 18
• Price Reductions: 21
• Pending/ Back up: 55
• Sold: 44
• Total available inventory: 267

Click on the map below to search active listings in Northeast Los Angeles:

NortheastLosAngeles

Looking to buy or sell? As a 30+ year resident of Echo Park, I know the area! Contact me today!

Areas in Northeast Los Angeles/the Urban Hillsides I serve include: Atwater Village, Echo Park, Eagle Rock, Glassell Park, Highland Park, Lincoln Heights, Los Feliz, Mt. Washington, Silver Lake, and Montecito Heights.

Market outlook in the Urban Hillsides communities

Fewer properties are selling as we move into the holiday season, but fewer are entering the market as well. Inventory is identical to last week's numbers, which are staying strong. November 21, 2013

• New listings: 36
• Back on Market: 8
• Price Reductions: 17
• Pending/ Back up: 40
• Sold: 30
• Total available inventory: 262

November 14, 2013

• New listings: 41
• Back on Market: 15
• Price Reductions: 18
• Pending/ Back up: 45
• Sold: 29
• Total available inventory: 262

November 5, 2013

• New listings: 32
• Back on Market: 19
• Price Reductions: 20
• Pending/ Back up: 46
• Sold: 43
• Total available inventory: 268

October 29, 2013

• New listings: 43
• Back on Market: 18
• Price Reductions: 21
• Pending/ Back up: 55
• Sold: 44
• Total available inventory: 267

Click on the map below to search active listings in Northeast Los Angeles:

NortheastLosAngeles

Looking to buy or sell? As a 30+ year resident of Echo Park, I know the area! Contact me today!

Areas in Northeast Los Angeles/the Urban Hillsides I serve include: Atwater Village, Echo Park, Eagle Rock, Glassell Park, Highland Park, Lincoln Heights, Los Feliz, Mt. Washington, Silver Lake, and Montecito Heights.

Market outlook in the Urban Hillsides communities

The seven day real estate market outlook for Northeast Los Angeles shows 11 fewer listings since last week, and a total of nine fewer pending properties. These a pretty normal trends as we approach the holiday season. Here are the numbers: November 5, 2013

• New listings: 32
• Back on Market: 19
• Price Reductions: 20
• Pending/ Back up: 46
• Sold: 43
• Total available inventory: 268

October 29, 2013

• New listings: 43
• Back on Market: 18
• Price Reductions: 21
• Pending/ Back up: 55
• Sold: 44
• Total available inventory: 267

Click on the map below to search active listings in Northeast Los Angeles:

NortheastLosAngeles

Looking to buy or sell? As a 30+ year resident of Echo Park, I know the area! Contact me today!

Areas in Northeast Los Angeles/the Urban Hillsides I serve include: Atwater Village, Echo Park, Eagle Rock, Glassell Park, Highland Park, Lincoln Heights, Los Feliz, Mt. Washington, Silver Lake, and Montecito Heights.

Neighborhood cleanups & community picnic at Echo Park Lake

Councilmember Mitch O'Farrell of the 13th District (which includes part or all of the neighborhoods of Echo Park, Silver Lake, Los Feliz, Atwater Village, Elysian Valley and more) is celebrating the first 100 days in office with district-wide cleanup events followed by a community picnic at Echo Park Lake.

Community cleanups go from 8:00 am - 11:00 am and include Elysian Valley (meet at 2466 Riverside Drive) and the Silver Lake Dog Park (1850 West Silver Lake Drive).

The FREE Community BBQ takes place at Echo Park Lake at the northeast side of park, along Park Avenue, from 11:00 am - 1:00 pm.

Interested in volunteering for the cleanup? Contact Sylvan de la Cruz at (323) 957-4500 or sylvan.delacruz@lacity.org

Or just click here to RSVP!

Silver Lake named a "best big-city neighborhood"

This fall, CNN named our little Los Angeles neighborhood of Silver Lake one of the best big-city neighborhoods in the country.

The cost of living in Silver Lake? Home values are at a median value of $632,000, while median household income is $62,800 and an average two-bedroom rental price is $2,100. But the perks are more about getting out in the neighborhood, whether it be jogging around the Silver Lake Reservoir, the diversity of the community, and walking the dog and/or stroller along the popular Sunset Junction.

The only negative? Home buying can be extremely competitive.

CNN looked at data from neighborhoodscout.com along with city visits and talks with locals. Silver Lake joins neighborhoods like Park Slope in New York City and Pacific Beach in San Diego.

Renters regret not purchasing a home

Real Estate Regrets

Earlier this Spring, Trulia asked over two thousand adults in the U.S. what their real estate regrets were when it came to house hunting and home ownership. The study found that 56% of renters expressed some regret, compared to 50% of homeowners.

The biggest regret for renters is a no-brainer: 42% wish they had bought a home instead of rented. The top regret for homeowners, with 34% of those surveyed, wish they had chosen a larger home.

Are you a homeowner or a renter? Do you have any real estate regrets?

Click here to check out the full infographic.