September Market Update for Northeast LA
Hey friends,
A quick Northeast LA real estate market pulse check. Today’s jobs report came in softer than expected, and there is growing talk that the Fed may start lowering rates. In real estate terms, if mortgage rates drift down even a little, payments feel friendlier and more buyers jump back in. I am already seeing it at open houses. People I have not seen since spring are showing up again, asking smart questions, and writing offers.
Why some sellers are setting records
Some sellers are achieving terrific prices, and in some cases record prices, when the home hits the right notes. A prime location, a thoughtful remodel or restoration, abundant natural light, polished staging, and a complete marketing plan with strong photos and compelling copy bring buyers out in force and the market rewards it.
What I am seeing this month
Buyers are coming out of the woodwork. Pre approvals are getting refreshed and serious people are acting before the next rate move. Good homes always win. Great architecture, thoughtful updates, natural light, and easy indoor outdoor flow still pull the most attention. Patience is paying off. Homes that sat through the summer heat are now excellent second look opportunities.
Summer wins I am proud of (Closed Deals)
Mid-century modern overlooked during vacation season
The perfect Hollywood Hills mid-century modern house had light open house traffic and was probably listed at the wrong time of year. We quickly stepped in for my buyers and negotiated $100,000 off the list price, from $3,400,000 to $3,300,000, plus an $80,000 repair credit. Clean terms and good timing turned into a big win.
Pasadena new construction with all the bells and whistles
Think Architectural Digest. High end finishes and a modern floor plan. The house lingered on the market for four months. We wrote an offer early, stayed patient, and the listing agent circled back a month later. We closed $150,000 under the list price, from $2,350,000 to $2,200,000.
Los Feliz Mid-Century Listing with a tough location trade-off
Four beds, three baths, amazing views, and located directly across from a massive high voltage tower. Not an easy sale, especially after the Eaton Fire headlines. The seller had been listed for six months with another team. We re photographed, re staged, and repositioned the marketing. The tower made the buyer pool more challenging, so it took extra care and follow through. We closed with our third set of buyers at a great price for our clients. My seller told me, “Matt, I would go into the trenches with you anytime.”
If you are buying
Take a second look at the homes that sat for 30, 60, or 90 days. August listings deserve another tour in September. Have your ducks in a row. A sharp pre approval, strong terms, and a clear plan for repairs can be worth real money at the table.
If you are selling
Price is everything. Price for today, not last year. The right list price creates competition. Overreaching invites silence, price cuts, and awkward conversations. Fix the friction. Pre list inspections and tidy repairs keep escrows smooth and keep requests smaller.
Where the momentum is in Northeast LA
Highland Park and Eagle Rock
We are even seeing bidding wars on homes that should not have bidding wars. The market is hot here. The best prepared buyers are winning.
Echo Park
One of the most in demand neighborhoods in NELA with standout bars, restaurants, music venues and parks. Quality listings still gather strong activity.
Los Feliz and Silver Lake
Architectural homes continue to draw people in droves. Presentation and storytelling make the difference.
Let’s plan your next move
If you are thinking about a fall move, buying or selling, please reach out below. I will put together a quick, no pressure game plan tailored to your address or search. Even if you are six months out, a little prep now can be the difference between a nice outcome and wow.
