Real Estate

Building and selling new construction in Highland Park, two at a time

04/30/202105/11/2021 Jeffery Marino554Leave a Comment

By Jeffery Marino Originally listed in January, this pair of newly built homes, nestled next to each other on the corner of Aldama and Roy in Highland Park, recently closed for $1.56 million and $1.49 million, respectively. According to data available on Redfin.com, the lots were sold together in June of 2016 for a total […]

Competition among homebuyers is pushing up prices: This 3- bedroom, 2-bathroom house in Highland Park had been on the market for only two weeks in March when it sold for $1.475 million -- a full $325,000 above the asking price.

Home prices in NELA: No peak in sight

05/02/202105/13/2021 Jeffery Marino562Leave a Comment

By Jeffery Marino
The market dynamics in NELA are clear: Buyers are plentiful. Houses are scarce. Prices are up. Want to know why? We tell you why in this report.

Artwork by Boulevard Sentinel

Recent real estate sales in NELA

05/04/202105/14/2021 Jeffery Marino10651Leave a Comment

What have homes in your neighborhood been selling for? Here is the latest sales data for single family homes in NELA.

Work-from-home appeal made these the fastest selling homes in NELA

04/01/202104/14/2021 Jeffery Marino1181Leave a Comment

Home are selling fast in Northeast Los Angeles at prices well above asking. The median days on market in February was 45, which is two days faster than in February 2020, while the sales-to-list ratio, which compares the sale price to the asking price, was 104%. Still, some homes — like the three featured below […]

This 1920s bungalow, located in Atwater Village near the border with Frogtown, recently sold for $930,000.

The median home price in Northeast Los Angeles nears $1 million

04/01/202104/14/2021 Jeffery Marino1281Leave a Comment

By Jeffery Marino

With prices for homes in Northeast Los Angeles going nowhere but up, it’s hard to believe that hopes were high for a buyer’s market as recently as 2019 and early 2020.

Three home sales that prove NELA buyers have gone mad

03/01/202103/03/2021 Jeffery Marino1755Leave a Comment

By Jeffery Marino Last month, we featured homes that proved NELA home buyers had not totally lost their minds. Those homes sat on the market for over 30 days (several months in some cases) and then sold at a discount, suggesting there was still a limit to what buyers were willing to pay. This month, […]

Homebuyers continue to pay up to live in NELA

03/01/202103/01/2021 Jeffery Marino1600Leave a Comment

By Jeffery Marino

Rendering of the proposed development at the corner of N. Avenue 64 and Garvanza Street in the Garvanza section of Highland Park | Rendering by SKYA Ventures.

Garvanza development hits a roadblock

02/23/202103/01/2021 Bill Hendrickson18351 Comment

By Bill Hendrickson The proposal to build an imposing, three-story apartment building at N. Avenue 64 and Garvanza Street failed to win a crucial approval on Tuesday. The developers of the project, Skya Ventures, were seeking a “Certificate of Compatibility” with the Highland Park-Garvanza Overlay Zone (HPOZ), a set of guidelines on historic preservation and […]

The original asking price for this 4-bedroom, 2-bathroom home in Highland Park was nearly $1 million. After 166 days on the market, it sold for $850,000.

Three home sales that prove NELA buyers have not gone mad

02/02/202102/02/2021 Jeffery Marino2240Leave a Comment

Pandemic. Economic uncertainty. Political turmoil. Through it all, the housing market in Northeast Los Angeles continues to break records. Have NELA homebuyers lost their minds? The answer, in a word, is “No.” The main drivers of today’s prices are limited supply and healthy demand, as explained here. Against that backdrop, the price of a house […]

Rendering of the 3-story proposed building spreading out from the corner of Ave 64 and Garvanza Street in the Garvanza section of Highland Park. Rendering supplied by the SKYA Ventures.

Garvanza development faces heated opposition as builder seeks to move the project forward

02/10/202102/22/2021 Bill Hendrickson19696 Comments

By Bill Hendrickson

Artwork by Boulevard Sentinel

Recent real estate sales in NELA

02/01/202102/02/2021 Jeffery Marino10281Leave a Comment

Here is the latest sales data for single family home sales in NELA. See what sales have been doing near you.

Home sales in NELA set new records

02/01/202102/03/2021 Jeffery Marino2366Leave a Comment

By Jeffery Marino
By every measure, the recent market for residential real estate in Northeast Los Angeles is the strongest on record in data going back to 2012. Read about some of those records in this story.

History for sale in Highland Park

01/04/202101/07/2021 Jeffery Marino2788Leave a Comment

Historical charm and architectural significance are two of the biggest draws for NELA real estate buyers. Far from the condominium blocks of the Westside and the cookie-cutter sameness of the Valley, buyers are clearly willing to pay a premium for an Eastside 1920s Spanish Colonial or 1950s Craftsman. These two turn-of-the-century architectural gems, which recently […]

This craftsman in Eagle Rock, listed for sale for $949,000, sold in November for $1.285 million -- after only 33 days on the market. | Photo by The MLS.com

NELA Real Estate: Rising supply meets bottomless demand, boosting prices

01/03/202101/08/2021 Jeffery Marino2446Leave a Comment

By Jeffery Marino
Residential real estate in Northeast Los Angeles is a seller’s market like no other.

In November, the latest month with full sales data, both the number of homes for sale and the number of homes sold increased in NELA. Inventory rose by 7% year-over-year, boosted by a 34% increase in new monthly listings, while sales increased by 8% year-over-year. It was the third month in a row of rising inventory and sales.

And yet, through it all, home prices just kept climbing.

What’s going on? Click to know.

Artwork by Boulevard Sentinel

Recent real estate sales in NELA

01/04/202101/04/2021 Jeffery Marino10109Leave a Comment

Here is the latest sales data for single family home sales in NELA. See what sales have been doing near you.

This little bungalow in Highland Park recently sold for $482,000, significantly less than the Redfin estimate.

Here’s what you can get in NELA for under $600K

11/27/202001/04/2021 Jeffery Marino4428Leave a Comment

The median sale price for a home in Northeast Los Angeles recently hit $920,000, with even small Highland Park bungalows like this one selling for over $800,000. But even amid rising prices, it’s possible — not easy, but possible — to find an affordable home. The following three homes are all fixer-uppers but none of […]

The fastest selling homes in NELA

11/02/202001/04/2021 Jeffery Marino4735Leave a Comment

By Jeffery Marino

Artwork by Boulevard Sentinel

Recent real estate sales in NELA

11/27/202001/04/2021 Jeffery Marino9766Leave a Comment

Here is the latest sales data for single family home sales in NELA. See what sales have been doing near you.

Artwork by Boulevard Sentinel

Recent real estate sales in NELA

11/01/202001/04/2021 Jeffery Marino9183Leave a Comment

Here is the latest sales data for single family home sales in NELA. See what sales have been doing near you.

Artwork by Boulevard Sentinel

NELA Real Estate Sales

09/30/202010/01/2020 Jeffery Marino8440Leave a Comment

Here is the latest sales data for single family home sales in NELA. See what sales have been doing near you.

Address: 1209 Le Gray Ave Neighborhood: Highland Park Sale Price: $1,500,000

Three Little Homes That Sold for Big Bucks in NELA

09/01/202009/01/2020 Jeffery Marino60121 Comment

By Jeffery Marino
The premium that buyers are willing to pay for small houses is exploding. Here are three examples of just that!

Artwork by Boulevard Sentinel

NELA Real Estate Sales

08/31/202009/01/2020 Jeffery Marino78621 Comment

Here is the latest sales data for single family home sales in NELA. See what sales have been doing near you.

Artwork by Boulevard Sentinel

NELA Real Estate Sales

08/01/2020 Jeffery Marino7595Leave a Comment

Here is the latest sales data for single family home sales in NELA. See what sales have been doing near you.

Artwork by Boulevard Sentinel

NELA Real Estate Sales

06/30/202007/01/2020 Jeffery Marino7602Leave a Comment

Here is the latest sales data for single family home sales in NELA. See what sales have been doing near you.

Artwork by Boulevard Sentinel

NELA Real Estate Sales

05/31/202006/27/2020 Jeffery Marino6378Leave a Comment

Here is the latest sales data for single family home sales in NELA. See what sales have been doing near you.

Artwork by Boulevard Sentinel

NELA Real Estate Sales

05/02/2020 Jeffery Marino3761Leave a Comment

Here is the latest sales data for single family home sales in NELA. See what sales have been doing near you.

NELA Real Estate – April 2020 Edition

03/28/202004/09/2020 admin3051Leave a Comment

Here is the latest sales data for single family home sales in NELA. See what sales have been doing near you.

NELA Real Estate – March 2020 Edition

03/23/2020 admin2842Leave a Comment

Here is the latest sales data for single family home sales in NELA. See what sales have been doing near you.

NELA Real Estate – How’s the Market?

12/30/201801/01/2019 Bill Hendrickson31861 Comment

For a while now, when brokers have been asked, “How’s the market?” some of them have answered by saying, “It’s adjusting.” The question about the direction of the market comes from people who have thinking about selling and are wondering if they may have missed a peak in prices. It also comes from people who […]

Share of Households Ages 25-64 Reporting Difficulty with a $400 Unexpected Expense, by Income | Source: Federal Reserve, Survey of Household Economics and Decisonmaking (2017)

NELA Real Estate in 2019: Don’t Push Me ʼCause I’m Close to the Edge*

08/30/201909/01/2019 Bill Hendrickson3303Leave a Comment

A Federal Reserve survey showed that 40% of American families would have trouble handling an unexpected $400 expense. And, that’s not just lower-income families. Read on.

NELA Real Estate in 2018: High Rents Have Cast Nearly One in Five Californians into Poverty

11/03/2018 T.A. Hendrickson2735Leave a Comment

California prides itself on being a prosperous state. But California has the highest poverty rate of all the states, 19%, according to a measure by the U.S. Census Bureau that looks at the costs of living in each state and the federal aid available to help cope with those costs. Over all, the census figures, […]

NELA Real Estate: Rents in NELA Are Lower Than in Most of L.A. So Why Do I Feel Squeezed?

07/29/2018 Jeffery Marino2083Leave a Comment

By all accounts, L.A. is one of the most expensive cities in America. With median home prices in Eagle Rock, Glassell Park and Mount Washington now approaching the million-dollar mark, NELA is officially among the priciest housing markets in L.A. But not everyone on the Eastside is a homeowner. In fact, renters account for the […]

NELA Real Estate: Echo Park Home Prices Have Been Dropping. Will Prices in NELA Follow?

06/29/201806/29/2018 Jeffery Marino2607Leave a Comment

Echo Park is the only neighborhood on the eastside of L.A. where homes are now selling for less than they did a year ago, according to a review by the Boulevard Sentinel of 10 eastside neighborhoods tracked by Redfin.com From March through May 2018, monthly home prices in Echo Park have declined year-over-year, with the […]

NELA Real Estate in 2018: Big Money and Big Issues at Stake in Regulating Short-Term Rentals

06/02/2018 Jeffery Marino21341 Comment

Los Angeles is awash in short-term rentals (STRs) and neighborhoods in Northeast L.A. are no exception. A recent glance at Airbnb and other STR sites turned up 251 offerings in Highland Park at an average rate of $98 per night, 159 in Eagle Rock at an average rate of $159 per night and 118 in […]

NELA Real Estate in 2018: Adding a Rental Unit to Your Home Has Never Been Easier

04/29/201804/29/2018 Jeffery Marino2456Leave a Comment

Laws passed in 2016 and 2017 have made it easy to convert garages into apartments, renovate back houses and build new free-standing apartments in one’s backyard. Homeowners seem to love the idea: In the year after the new laws took effect, nearly 2,000 applications were filed in Los Angeles for building permits for “accessory dwelling […]

NELA Real Estate in 2018: Want to Buy a Fixer-Upper? Good Luck.

03/13/201803/31/2018 Jeffery Marino29341 Comment

It’s no secret that many houses for sale in NELA in recent years have been flipped by investors who buy, remodel and quickly re-sell them for big profits. What is (somewhat) surprising is that investor buying remains strong even at today’s high prices – and that homebuyers are still paying up for recently rehabbed […]

NELA Real Estate in 2018: No Slowdown in Sight

02/08/201803/31/2018 Jeffery Marino2243Leave a Comment

It’s cliché at this point to say that the real estate market is “hot” in Northeast Los Angeles. It has been five years since Redfin, a real estate firm, ranked Highland Park as the nation’s hottest neighborhood and four years since Eagle Rock came in second in that same ranking. 2017 was yet another blockbuster […]