Eastside House Hunter Cover

Here's the latest batch of information and news for Eastside home buyers and sellers. 


News & Notes

Mortgage Rates: Home loan rates have started the year by rising from rock-bottom lows. But for how long? That mostly depends on when the COVID outbreak is brought under control and improvements in the job market. Zillow. 

Virtual Deals: About 63% of home buyers last year made an offer without seeing the property in person, according to a Redfin survey. Virtual and live-video home tours are expected to remain popular in the years ahead. “Homebuyers who are searching for a home out of town and don’t have the time or ability to view the home in person will use virtual tours as their primary means of viewing a home," said Redfin economist Daryl Fairweather.

Hi-Low: The highest priced Eastside home sale within about the past week was a 3-bedroom Los Feliz Traditional that sold for $2,900,000 ($375,000 under asking); the lowest was a 2-bedroom Highland Park condo that went for $460,000 ($4,777 under asking).  


Real Estate Reductions

$10k slice on El Sereno condo; $20k reduction on Highland Park 3-bedroom and $35k chop on Silver Lake condo

Here are some examples, followed by a breakdown by neighborhood, of recent price cuts on homes, condos, apartments and other Eastside properties.

El Sereno condo: $10,000 slice on hilltop 3-bedroom home with 2.5 bathrooms, glass patio doors leading to balcony, laundry room, and resort-like amenities in gated community. Now asking $424,900.

Highland Park 3-bedroom: $20,000 reduction on gated home with fireplace in living room, 2 bathrooms with new fixtures, and detached studio. Located near DTLA, shops and restaurants. Now asking $922,800.

Silver Lake condo: $35,000 chop on 3-bedroom, 3-bathroom home with two-car garage, community pool and rooftop deck offering views of the city. In close proximity to reservoir and L.A. River bike path. Now asking $1,095,000.

Which property remains overpriced?

You voted:

Now Asking

Garvanza homes for under $1 million

If your house buying budget is less than $1,000,000, here are three properties in Garvanza that are currently available:

2-bedroom Traditional: In close proximity to Rose Bowl and Gold Line, this home has a large rear yard, large driveway with covered BBQ area, and split A/C system in garage. Asking $869,000.

3-bedroom hillside home: Cottage style home with front porch offering elevated views, a galley kitchen, central AC and heating, and long car port in backyard. Asking $798,800.

Sign up for The Eastsider's Daily Digest newsletter

New remodeled 3-bedroom: Property includes a 2-bedroom main home with 1-bathroom, and attached 1-bedroom guest house with 1-bathroom and separate entrance. Home has new landscaping, paint and other remodels. Asking $998,000.

Which home is the best deal?

You voted:


Sponsored Real Estate Listings

 

Highland Park 2/1 Views & Privacy

 

Are Wills and Trusts part of your plans for change in 2021?

 

All Signs Point to Homes Highland Park and Glassell Park

 

New Echo Park TIC Community

 

New West LA TIC Community


That's it for this week's issue

See you next Friday!

Jesus Sanchez, Publisher

Contact us to feature your home in Eastside House Hunter

Contact us to join the Eastside Guide of home repair and renovation experts

Load comments