LosAngeles-Real-Estate-report_5-5-14
Week of May 5, 2014 through May 12, 2014
- New listings: 42-
- Back on Market: 9+
- Price Reductions: 13+
- Pending/Back up: 20+
- Sold: 33+
- Total inventory available: 205+
Compare past market reports by clicking here.
How would you define your Los Angeles neighborhood?
define-neighborhood-echo-park
A spin-off to the publication's Mapping L.A. Neighborhoods project, the Los Angeles Times wants to know how you define your Los Angeles neighborhood. The site, organized by neighborhood, consists of an interactive Mad Libs style form where you fill in those words you feel best describes things like a local secret, neighborhood activities and landmarks.
Some of the top terms for Echo Park, for example, include "hip people," "getting drunk," "gentrifying," "multi-generational families," "Chavez Ravine" and more.
Click here to view the website and select your neighborhood - tell us what you filled out in the comments below!
Market report for Northeast Los Angeles neighborhoods
LosAngeles-Real-Estate-report_4-28-14b
Week of April 21, 2014 through April 28, 2014
- New listings: 51+
- Back on Market: 6-
- Price Reductions: 10-
- Pending/Back up: 23-
- Sold: 28-
- Total inventory available: 198+
Compare past market reports by clicking here.
Market report for Northeast Los Angeles neighborhoods
Week of April 14, 2014 through April 21, 2014
- New listings: 38+
- Back on Market: 10-
- Price Reductions: 11-
- Pending/Back up: 33+
- Sold: 33+
- Total inventory available: 196-
Compare past market reports by clicking here.
Is the Los Angeles housing market slowing down?
The latest Los Angeles Times article on the state of local real estate suggests just that. The share of homes on the market for two months reached 44%, compared to 40% a year ago, and the median number of days on the market is up year over year. While there's less investor demand, credit is still tight and the job market not quite where we'd all like it to be. The housing market in areas like Northeast Los Angeles seem to be fairly steady - especially compared to the price jumps we saw last year. Our weekly market reports are showing just that, while inventory is still lower than we'd like it to be (and lower than last year).
Check out our weekly market reports.
Weekend calendar: Featured open houses in Northeast Los Angeles
This weekend is full of some great open houses in Northeast Los Angeles, including the neighborhoods of Silver Lake, Echo Park and Highland Park on Sunday, April 20. Check out these great open houses! Click here for the full map of properties.
Want a private showing? Call (323) 300-1186 today!
Eagle Rock
4346 Mont Eagle Pl |3 BR, 2 BA | $599,000
Highland Park
5924 Great Oak Circle | 2 BR, 1 BA | $499,000
los-feliz-open-house-4-25-14
Los Feliz
3916 Boyce Ave | 2 BR, 1 BA | $599,000
Echo Park
1557 Lemoyne Street | 3 BR, 2 BA | $749,000
Silver Lake
1636 Golden Gate Ave | 3 BR, 1 BA | $899,000
Eagle Rock
5329 Vincent Ave | 3 BR, 1 BA | $759,000
Want a private showing? Call (323) 300-1186 today!
Click here for the full map of properties.
Don't care for any of these listings? Search for more properties.
Ask a Realtor: Should I buy investment property?
Q: Should I buy investment property?
A: With the cost of real estate these days and the amazing options available in Northeast Los Angeles for small, multi-unit buildings, it is not uncommon for clients to purchase investment property to live in.
Historically, real estate can be viewed as a hedge against inflation. If you own investment property with a steady mortgage payment and rising rents… well, you can see where this is going.
The one thing to ask yourself is: are you ready to be a landlord? I help all of my clients be more successful landlords by providing continued updates on regulation, advice on tenant interaction as well as on contracts.
Learn more about Northeast Los Angeles neighborhoods to see if any of these may be a good match for you!