The housing market in East Los Angeles has made a slow and steady recovery since 2012. The market is healthy, and values have been slowly climbing up towards their previous highs in gradual increments.
Property Averages are just shy of $400,000 for the typical home, all the way up from a $232,000 low in late 2008. Price cuts are uncommon, and the market is slightly leaning in favor of sellers. Foreclosure rates are average, and everything is moving as expected.
If your experience of the market is something different, this could be a sign that your property isn’t what the average buyer in East L.A. is looking for. This is often the case with properties in bad shape, or properties that haven’t been renovated in a few decades.
Rather than spending thousands of dollars you may not have in an attempt to transform your property into something a sophisticated buyer would want, you always have the option of selling to a home investor who doesn’t care for the bells and whistles and will buy the property as-is.