thegoodlife

A boutique real estate brokerage servicing LA’s Eastside & beyond

Los Angeles Market Update

Price reductions have hit Los Angeles! Is it because the market is cooling or is it because some homes were priced unrealistically high to begin with? We think the latter. Stats show Eastside homes are still in historically low supply, with about 1-2 months of inventory available and roughly 11% less homes on the market than this time last year. Interest rates have gone up significantly, cooling things ever so slightly but since so many LA sales are cash we’re not sure rate increases will have the intended impact.

Bidding wars are still more common than not, though the average home currently sells for about 8% over ask in comparison to spring’s 20% over ask. Don’t get me wrong, we love a good ol’ fashioned bidding war but we’re kind of excited to see things normalizing a bit from the previous season’s 30-50 offers per home. 

Is now a good time to buy? Regardless of interest rates or supply levels, we think its always a good time to pay your own house payment instead of burning your money away paying your landlord’s. Feelings? Thoughts? Hit us up, let’s chat!

Recent Posts

SOLD: 3561 Verdugo Vista Terrace in Glassell Park

SOLD: 3561 Verdugo Vista Terrace in Glassell Park

With four bedrooms and a lush private yard, this generous home invites you to spread out and get comfortable in trendy Glassell Park. 1990 construction provides 2,200+ square feet of living space in a contemporary layout to suit all of life's needs. Wood flooring flows through the entry level that...

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How Important Are Listing Photos?

How Important Are Listing Photos?

According to the National Association of Realtors 2021 Profile of Homebuyers and Sellers 95% of buyers use the internet in their home search. And what's the first step getting a buyer's attention on the internet? Beautiful photos, of course! A home's listing photos are one of the most important...

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Preparing Your Home for Photos

Preparing Your Home for Photos

Professional photos will help you get top dollar for your property, but even the best photos can't mask a home that looks dirty or cluttered. Here are some things you can do to make your home look it's best in photos:underneath it all Sweep, vacuum, and/or mop Wipe dirt and smudges from walls...

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