Selling Your Los Feliz Home? Best to Get the Price Right From the Start.

If you want to sell your Los Feliz home in the shorterst amount of time, for the best possible price, it only makes senses to get the price right when your home hits the market fo rthe first time.  Let's look in to the reasons why.      

Los Feliz agents that are working with buyers, whether in the luxury market or in the condo market, are always searching the MLS (especially these days with inventory being so tight), looking for new properties - often we have our clients and ourselves set up to automatically receive new listings.  If we haven't found the perfect home, but have seen everything on the market, we are looking for what is NEW.  When the agent sees the new listing they will examine the photos  which are critcal to have the minute your listing goes live, read the description, look at house and lot size, bed and bath count, condition, neighborhood and price. If the home looks promising, they will schedule a showing or preview the home at the broker's open house - if it REALLY looks promising, we will bring our client to the broker's open to get a jump on things.   As a result, a home for sale will often see the most activity in the first couple of weeks after it comes on the market.

It’s true that those first buyers may not be “the ones,” but if your home makes a good impression on the local agents who show it, they’ll be back with other buyers. On the other hand, if they believe it is over-priced, they’ll avoid showing it. Agents don’t want to waste their  clients' time.  Los Feliz is a unique market, a wonderful area for a family, an executive relocating, and high-profile sports and entertainment figures.  

Both buyers and agents search within price ranges. Buyers who can pay up to $2,000,000 generally don’t even look at homes priced at $2,300,000, nor do their agents. And buyers searching for higher priced homes may want more square footage, more amenities, or a different location.

So while sellers may have the idea that they can price high and come down when there’s an offer, chances are there won’t be any offers.  An overpriced house is simply being seen by the wrong buyers. And overpriced homes become stale  if they've been on the market for a while.

Lst high and reduce the price later? Not a good idea either.  We agents hear ALL the time from a buyer, “How long has this house been on the market?” Everyone has a preconceived idea that if real estate has been for sale for quite a while, there’s something wrong with it. The result is that they either won’t want to see it, or they’ll view it as a house on which they can make an offer well below market value.
The sad truth is that homes first listed above market value often sell for below market value – and only after an extended listing period.

That’s why I take my time and do careful research when preparing a market analysis. The price analysis I give you might not be what you’d like to hear, but it will be an accurate estimate of your home’s market value on the day it goes on the market.

​And is this market, you all most can't price a home too LOW.  The news you hear is true, multiple offers, and cash offers, are the once again the norm in Los Feliz - from The Oaks to Laughlin Park to Franklin Hills, to the best streets above the Blvd.

Driving Through The Oaks tells the story

Update, 2025:
The Oaks still tells a story — but a lot has happened since I first wrote this.
→ Click here for my updated guide to The Oaks in 2025

And if you’re dreaming of buying a home here, I’d love to show you what’s possible.

Sitting right on the edge of Griffith Park on the hilly outskirts of Los Angeles is one of the city's most beautiful and quiet neighborhoods. On a map each of the streets in the Oaks looks like a winding snake lying on the edge of the green park. Each street has the word “Oak” in the name: Spreading Oak, Hill Oak and Alto Oak.

In a city famous for its gray concrete and buildings, the Oaks is a verdant, green oasis. The hills are covered with flowers, palm trees, creosote bushes and, of course, beautiful, stately oak trees.

A Diversity of Homes

The Oaks is a quiet vacation from the bustle of the big city. The homes in the Oaks range from 1920's Spanish Revival style to 1960's ranches to ultra-modern hillside homes. The homes all have balconies, verandas and huge windows to take in the views of the ocean, the city and the canyon. Two of the homes in the Oaks were designed by Frank Lloyd Wright and another by Richard Neutra.

A Neighborhood with Actual Neighbors

People who live in the Oaks can live their lives exactly as they wish. All the plants and trees create natural barriers for privacy, but the roads and streets are so quiet that neighbors can walk to and from each other's homes, something you can't do in most of Los Angeles.

The Rich, the Famous, the Neither

The Oaks has been home to lots of Hollywood stars, famous musicians and some of California's entertainment elite. Today, the Oaks has quickly become home to a new generation of Los Angeles “mover and shakers” looking for a refuge from the traffic, smog and bustle. Because home prices in the Hills is not out of reach for many Angelinos, there are many families and couples moving in, keeping the area vibrant and fun.

Driving Through Tells the Story

A drive through the Hills can tell you a lot about the people who live there. There are huge in-ground swimming pools and lots of plastic kiddie pools. There are Porsches in the driveways and trampolines in the back yard. Most of all, you can see people out for a walk on a sunny day, just to enjoy the sounds of birds, the smells of the flowers and the breathtaking views of the city, the canyon and the ocean.

Never Far from the World

Only minutes from the center of Los Feliz, the Hills is close to restaurants and nightlife, without having to be in the middle of it. There are famous landmarks, museums and the Griffith Observatory all within a few minutes.

But really, why would you ever leave home with a pool in the yard, birds in the trees and a long distance view of the rest of the world rushing everywhere?

There is a lot going on the Hills, none of it requires you to do anything more than what you want to.

The Dresden - One of the Cornerstone Places to Dine and Drink In Los Feliz

"Ah, ha, ha, ha Staying Alive, Staying Alive....."  Pull up your car, toss your keys to the valet and enter the movie Swingers for yourself. It's no "Modern LA" lounge because it doesn't have to be: it's old school and it's traditional, complemented with retro music and a '50s vibe, that's the charm of the Dresden Room in Los Feliz.

​There's no dress code but you'd stand out against the white-suited bartenders should you not dress up. The Dresden Room is classy with white tabl

ecloths, low lights, vest-wearing staff with well-coifed hair and a gorgeous menu to boot. A range of steaks, pasta, seafood and salads are available, it's traditional but tastes good, with popular dishes include the Escargot appetizer and the famous Prime Rib.

The talented Marty and Elaine are still kickin' nightly with Sinatra, jazz classics and nostalgic tracks from the golden age of Hollywood.  The Dresden Room also offers a popular bar and caters for those looking for an unforgettable night. With their signature Blood and Sand cocktail; the veteran bartenders can cater for almost any taste. It's often busy, part due to the wonderful history of the place, part to its celebrity attraction, with an impressive wall of fame, including Tom Hanks, Brad Pitt, Jay Leno and Keanu Reeves, and part because of its exceptional service .

Entering the Dresden Room is like entering a different world, a world of class, a world of fun.......