• Address: 2120 Colorado Blvd., Suite #1, Eagle Rock, CA 90041
  • Office Phone: 323-274-2148

Tracy King Blog - Eagle Rock Real Estate - Northeast Los Angeles Realtor

Menu

Tracy King's Blog

Welcome to LA Digs, the real estate and Northeast Los Angeles community blog written by Realtors Tracy King and Keely Myres.

Here, we share tips, market updates, and local news bits to keep you informed on what's happening in Northeast Los Angeles and the surrounding neighborhoods. Read on to learn about the latest in your neighborhood!

NELA's Low Housing Inventory - Here's Part of the Story

NELA's Low Housing Inventory - Here's Part of the Story

Experienced realtors understand that real estate sales is a numbers game. Why are there so few homes on the market? Let's look at the numbers.

While homes for sale in Highland Park, Eagle Rock and Mt. Washington are still greatly in-demand, there are fewer homes on the market in Northeast Los Angeles. This is true of real estate in Altadena, Pasadena and surrounding areas.

In the quest to understand why Northeast Los Angeles is experiencing such low housing sale inventory, I thought it might be helpful to start with some actual numbers.

There is quite a bit of talk about how many more people there are in Northeast Los Angeles than there used to be. For some perspective, I have also included nearby South Pasadena.

According to the website http://www.city-data.com, in the 2010 census, the population didn’t vary much from the 2000 census and even went down in all of NELA. The 2015 estimate shows the population has increased, but not much. Maybe we are back at 2000 population figures in 2017, maybe not.

Conclusion: the hard numbers indicate that the additional traffic everyone blames on too many people living here is not accurate — perhaps more of those people are driving, or we have that many more visitors--it’s hard to know with the data at hand. To me, this indicates a need for more and better mass transit so fewer people are compelled to drive everywhere. We might see new faces around us, but we still have the downward pressure on population brought about by moving out of NELA--either by relocating or the famous "in a pine box."

Another question: How many single family homes are there in each zip code? This is often asked because of a concern that apartments & condos will soon change the density of Northeast LA. See the table below—this is still a predominantly suburban part of LA.

Zip Code 90041 90042 90065 91030
Community Eagle Rock Highland Park / Monterey Hills Mt. Washington / Glassell Park South Pasadena
No. of Active Listings
11/14/17
SFR / Inc / CC
29 / 6 / 0 45 / 21 / 21 47 / 23 / 7 10 / 4 / 5
2015 Estimated Population 28,800 62,650 46,900 26,000
2010 Census Population 27,400 62,400 45,500 25,600
2000 Census Population 27,870 64,660 47,500 25,600
No. of Single Family Residences 4880 7600 7840 4411
No. of Multi Family Residences 800 1950 1500 620
No. of Condos 130 2000 190 1080

 

Priced Out of Prime NELA Real Estate? There's Stil...
Is the Holidays the Best Time to Put My NELA Home ...

Compass 179x55

Tracy King, Realtor
DRE# 01048877
Phone: 323-274-2148 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Keely Myres, Realtor
DRE# 01834633
Phone: 323-274-2148 | This email address is being protected from spambots. You need JavaScript enabled to view it.

FacebookTwitterLinkedIn