thegoodlife

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

Los Angeles Market Update

We’re still seeing very few homes for sale on the eastside, keeping buyer demand strong and price growth high despite rising interest rates. The amount of homes currently on the market in the eastside Los Angeles area is down 44% from May 2019, bringing NELA home values up 51% since the same period.

The average price for a home in LA’s eastside zips combined is currently $1,443,259. Homes are spending a little less than 2 weeks on the market before accepting an offer, having received multiple offers and closing a median of 19% over the asking price.

Everyone is wondering if the market will cool with these significantly higher interest rates but we’ve yet to see a decrease in the number of available buyers for each home, keeping competition fierce. 

Recent Posts

SOLD: 2526 Frankel St in Lakewood

SOLD: 2526 Frankel St in Lakewood

Attn Investors: Lakewood Mutuals fixer on a gorgeous street with endless potential! 3 bedroom 1 bath 1,217 sq ft traditional w/ hardwood floors. Wonderful 6,137 sq ft corner lot w/ detached 2-car garage & fenced backyard. Easy access to Lakewood Country Club, Madison Elementary, restaurant...

read more
SOLD: 490 N Michillinda in Sierra Madre

SOLD: 490 N Michillinda in Sierra Madre

This single level home in the idyllic community of Sierra Madre is set under the backdrop of the San Gabriel mountain range. This home features 3 bedrooms and 2 baths on a nearly 7,600 square foot lot.  Notice the beautiful and authentic hardwood floors. The galley kitchen is original but...

read more
SOLD: 542 N Marengo Ave #2 in Pasadena

SOLD: 542 N Marengo Ave #2 in Pasadena

Charming Cape Cod townhome surrounded by lush landscaping in the center of a private gated PUD. Updated with copper plumbing, modern light fixtures, built-ins, Nest thermostat, and hardwood floors throughout. Downstairs includes a spacious open concept living and dining area, modern guest...

read more