This Week: Strong Signals of a Growing Market

The strong signals of a growing market continue with the positive numbers on new listings, pending/back ups and total inventory. Fewer back on the market and price reductions continue to support the strong trend. One thing to watch is a slight slow down in sold homes over the last couple of weeks. This might be attributable to the holidays and what is a typically slower time for home sales.

January 20, 2014

  • New listings: 49+
  • Back on Market: 6-
  • Price Reductions: 14-
  • Pending/Back up: 36+
  • Sold: 14-
  • Total inventory available: 215+
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LosAngeles-Real-Estate-report_1-21-14

 Want to see how these compare? View our past weekly real estate market reports!

Atwater Village town hall inviting views on potential pocket park

The Atwater Village Neighborhood Council is hosting a town hall on Thursday, January 23 (more info below) to discuss ideas on streetscaping Glendale Boulevard. The Council is considering creating a pocket park somewhere along the main drag, replacing some parking spaces for a plaza-like environment for pedestrians. If you're familiar with Silver Lake's Sunset Triangle Plaza (aka "Polka Dot Plaza") on Sunset Boulevard at Edgecliff, this is essentially the same idea - creating a pedestrian-friendly "green" space.

The location has not yet been determined, but the Council has been discussing the possibility of the intersection of Glendale and Brunswick Avenue by Kopper Keg.

The focus of the town hall will include hearing neighborhood thoughts on the project: Should it happen? What should it look like?

For questions, email torin@atwatervillage.org.

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atwater-village-town-hall-1-23-14

Design inspiration: 1909 Echo Park restoration

Echo-Park-Kitchen-Remodelista

Echo-Park-Kitchen-Remodelista

The story of Kathleen and Bradford Whitaker's Echo Park home remodel is a sweet one - over the past three years, they have been lovingly restoring a turn-of-the-century home back into the single-family dwelling it once was. Converted into three apartments in the 1960s, they moved back doorways to their original positions, restored the flooring, and, as the article so aptly puts it, "renewed its Southern California spirit."

Check out the article on Remodelista.com for more Echo Park home design inspiration.

67% of your life will be spent in your home

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Безымянный-4

67%! That’s a lot of time to be living in a home when you wish you were in another one. What you do is up to you, but where you do it is just as important. The other 28% is mostly made of your work hours. So if you don’t love your house or where you work, you’ve only got 5% left.Do yourself a favor and spend your time in a home you’ll love.

If not, maybe just sleep longer and dream of the house you wish you were in.

That works really well... until you wake up.

Committed to people’s quality of life,

The Urban Hillsides team

Weekend calendar: Featured open houses in Northeast Los Angeles

This weekend is full of some great open houses in Northeast Los Angeles - and the neighborhoods of Echo Park, Los Feliz and Highland Park are especially buzzing with activity. Check out these great open houses on Sunday, January 19 from 1-4:00 pm.

Want a private showing? Call (323) 300-1186 today!

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Echo Park

1460 Morton Place | 3 BR, 2 BA, 1,716 sq ft | $764,000

Listing agent: Judy Oroshnik

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Highland Park

1497 Glen Ellen Pl | 2 BR, 1 BA | $399,000

Listing agent: Shirma Corella

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Los Feliz

4153 Cromwell Avenue | 3 BR, 4 BA, 2,784 sq ft | $2,229,000

Listing agent: Richard Wilkinson

Want a private showing? Call (323) 300-1186 today!

The changing climate of Downtown Echo Park

2014 is a new year and a lot of changes along Sunset Boulevard in Echo Park. The most notable changes over the past couple of months - popular restaurants and retail businesses leaving, some of which have been around for decades. Restaurants like Barragan's, which opened in 1961 in that same spot, and, just down the road, 35-year old El Conquistador also just closed.

Some empty retail spots are finally getting some attention - a restaurant of some kind is going in to 1525 Sunset Boulevard near Laveta; it's been a few years since anything has happened there. And, despite the controversy surrounding its owners, Lassen's has started working on the former Save-a-Lot next to Walgreens on the corner of Sunset and Logan, which has been collecting dust for a couple of years now.

For those who welcome those changes, empty storefronts are never good for a neighborhood. But some neighbors aren't thrilled with the changes. Having been in Echo Park for over 30 years now, I can understand the sentimental connection for the history of the neighborhood - after all, it's home!

These are cyclical changes - sometimes painful, sometimes great. I remember going to El Studio 1 back in the day; when it closed down in the 1990s, the place just sat there for nearly 20 years. Before we knew it, it became a bustling craft beer restaurant by the name of Mohawk Bend. It's changed, but I'm glad it's no longer rotting away.

The foundation of the communities in and around Echo Park have and are still shifting; whether it be in real estate, in new restaurants, in the quality of life for our neighbors and our families. Despite the loss of many good things through these changes, as inventor Charles Kettering said, "You can't have a better tomorrow if you are thinking about yesterday all the time."

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