LA Digs - Northeast LA Real Estate Blog

There's a reason why homes in Mount Washington are always in demand as well as why it has become one of LA's hottest real estate markets. Located only ten minutes from downtown Los Angeles, hillside homes like this one, command stunning views while offering a rural-feeling and idyllic, dream-like lifestyle. 

In Mt. Washington, dreams do come true: It isn't hard to imagine the kids walking along a scenic trail to their great elementary school, views from the whole property, a quiet cul-de-sac that feels remote yet is minutes from downtown Los Angeles and every hip crowded boulevard in Northeast LA. Is it possible?

1129 Isabel Street is an adorable fixed-up traditional-style home. We saw it today on caravan and it looks great inside, plus it has updated plumbing and electric, a tankless water heater, a new roof, and a soon-to-be-fixed-up art studio out back. Two bedrooms, two baths on a 5,600 sq. ft. lot with a covered patio, new landscaping and several fruit trees. Listed for $399,000!

If you would like to see this super cute house, give me a call at 626.827.9795.

Listing courtesy of Courtney Smith, Nourmand and Associates

do I ever even stand a chance on your listings? Obviously, you have many of the best listings in the areas in which I'm looking, and I'd like to try to find a way to be more competitive.

Let's look at some numbers on this beautiful almost Spring morning:

We have a very energetic market in Northeast Los Angeles. In Eagle Rock 90041 since the beginning of the year, almost as many properties have closed escrow as have been listed. When you add in pending sales, you can see that we are quickly selling off the inventory. The sales numbers are moving almost as strongly in the other two zip codes which include all of Highland Park, Glassell Park, Mount Washington and Sagamore Park. At this rate, low inventories could continue throughout this year. Since this is a supply and demand business, if the demand keeps up at this rate, we will continue to have multiple offers and some increase in prices.

From the Combined LA/Westside Multiple Listing Service

The questions are:

• Will the demand keep up?
• Are first-time buyers driving the market?
• Will they put on the brakes when the tax credit goes away on April 30?
• What are your thoughts?