thegoodlife

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

Los Angeles Market Update

We’ve seen a record low number of new listings hitting the market thus far in 2022, causing buyer demand to spike beyond 2021 levels despite rising interest rates. The amount of homes currently on the market in the Eastside Los Angeles area is down 63% from spring 2019, bringing NELA home values up 51% since the same period.

The median price for a home in LA’s eastside zips combined is currently $1,326,666. Eastside homes are spending between 10-15 days on the market before accepting an offer, having received multiple offers and closing a median of 20% over the asking price.

It’s been a wild ride for buyers and sellers this past year but we’re giving the spirit award to buyers for hanging in there through the intense bidding wars. Everyone keeps asking if we think the market will cool with these new much higher interest rates but we’ve yet to see a decrease in the number of available buyers for each home, only time will tell.

Recent Posts

SOLD: 3032 Future St in Mt Washington

SOLD: 3032 Future St in Mt Washington

Hidden in the foothills of Mt. Washington, this Mid-Century treehouse is here to sprinkle some much-needed magic on your life. Unassuming from the street, step inside and you're transported to a world of big skies, iconic Los Angeles sunsets, and twinkling city lights. On the first floor a large...

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SOLD: 6623 Haywood St in Tujunga

SOLD: 6623 Haywood St in Tujunga

Featured on HGTV!! Sitting on one of the most desirable cul-de-sacs of Tujunga, this remodeled midcentury farmhouse is the essence of charm & contemporary comfort. Effortlessly combining an open floor-plan w/ a fully reimagined living space ! The main space incorporates a renovated kitchen w/...

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SOLD: 163 Painter St in Pasadena

SOLD: 163 Painter St in Pasadena

What will you do with all this spare time now that your home search is finally over? We have some ideas: Start your day with song birds on under the shade of mature avocado & oak trees. Plant a vegetable garden in your drought-tolerant front yard. Toss open the detached garage accordion doors...

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