The LA Times’ Alejandro Lazo reports this morning that regional prices hit a four year high as buyers compete for fewer and fewer homes in “desirable” neighborhoods (like prime Silver Lake, shown above). I’ve been talking about this for weeks now. Speaking from the trenches of local real estate, I’ve seen that low inventory, even in “up-and-coming” neighborhoods, has created fierce competition. Houses that look good and are priced well sell quickly, like my recent listing on Hill Street in Eagle Rock that had an all-out bidding war. So I will reiterate that now is a great time to sell. For an expert and always-complimentary price opinion, get in touch with me here. And if you’d like to see the very cool Silver Lake house pictured above (list price just over $1.6M) I’m happy to arrange it.

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Listing courtesy of Andrew Morrison, Sotheby’s Int’l Realty, Los Feliz