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: 4870 Stratford Rd in Highland Park

SOLD: 4870 Stratford Rd in Highland Park

The sun seems to shine just a little bit brighter here on Stratford Road. The way it cascades through those big beautiful casement windows every morning, dancing from room to room. Moods seem a little brighter too; summer days regenerating in the ultra-satisfying central air conditioning, breezy...

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SOLD: 478 E. Avenue 28

SOLD: 478 E. Avenue 28

Sitting at the foothill of a lush green hillside, nestled among California native wildflowers is this 1926 Bungalow in Historic Lincoln Heights. Beloved and thoughtfully restored over the past 8 years, it features a floor plan with abundant natural light, high ceilings, refinished original wood...

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SOLD: 2621 E. Glenoaks Blvd in Glenoaks Canyon

SOLD: 2621 E. Glenoaks Blvd in Glenoaks Canyon

This 1935 Spanish Revival home in sought-after Glenoaks Canyon exudes warmth and vintage character. A tile driveway leads you to a grand front porch, transporting you from the buzz of city life to the timeless charm of a bygone era. Scents of lilac, jasmine, and honeysuckle will encourage you to...

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