3 Secrets of Being A Smart Buyer in LA’s Home-Buying Market

Los angeles houses

We work with many buyers at California Platinum Realty and California Platinum Loans, and we’re confident in saying there’s no “one size fits all” or “one right way to buy a house” in LA. At the same time, there are still some ways that every home buyer in the LA market can be smarter and get everything they want in a home, mortgage, and buying experience.

Find an up-an-coming neighborhood

The Los Angeles Times maps over 270 neighborhoods, but there are actually over 400, and potentially more than 500 Los Angeles neighborhoods. Add in over 80 incorporated cities in Los Angeles County and there are many choices of neighborhood in addition to the best-known neighborhoods that command the highest prices.

An up-and-coming neighborhood is also called a transitional neighborhood. This can mean that it’s transitioning from multi-family housing to single-family housing, or that the people moving into the area have changed and property values are rising. Some transitional neighborhoods in LA include Palms, Mar Vista, and Playa Vista/Playa del Rey. These neighborhoods are near beaches, the Marina, and Venice/Santa Monica, but you’ll find other transitional neighborhoods throughout the county.

Set a timeline and stick to it: with help

You’ve probably already learned that getting pre-approved for a mortgage gives you an important advantage when making home-buying offers. According to Curbed, buying a home in Los Angeles can take anywhere from 1 day to three years. 

If you’re not making an essential move for work or other reasons, choose the time of year that you’d prefer to move and work backward. If you’d like to move during the summer so your family can adjust to a new neighborhood or school, your six-month timeline should start in January. It’s important to have your tax returns, income records, and other information in order before you start your home buying process. When it comes time to look for a home, set aside at least three months so you can get the best idea of your options and the location that’s right for you.

Work with experts who care about you and know the market

For most people, buying a house is the single largest financial transaction they will ever make. Our team at California Platinum Loans and California Platinum Realty has helped many people through the home buying and selling process. 

We are experts in Los Angeles real estate, and we know the market in many desirable (and transitional) neighborhoods. Combined with connections with mortgage lenders and a variety of loan programs, you will shorten your home buying timeline and gain many advantages by working with us.


Chiland, Elijah. “The Los Angeles Home Buying Guide,” Curbed, 21 January 2020, url: https://la.curbed.com/2018/4/27/17245204/los-angeles-real-estate-buy-house-guide

Los Angeles Times Data Desk, “Mapping LA: Neighborhoods,” LA Times, url: https://maps.latimes.com/neighborhoods/neighborhood/list/

How To Navigate The Tight LA Housing Market? A Great Broker Knows How


According to The Real Deal Real Estate news, “Los Angeles has become a topsy-turvy home market.” In April, Redfin reported that L.A. County home prices went down by 6.3% over the prior year. But Redfin also reported that in March, home prices had gone up 3.1% over February. 

These ups and downs in pricing don’t apply to every neighborhood and region of L.A. County. Some neighborhoods have continued to see steady price increases. Others have seen steeper declines.

Inventory Influences Pricing

Even though mortgage rates have been going up since 2022, the relatively low number of homes for sale in the Los Angeles area is influencing home pricing. It’s likely that the most desirable neighborhoods will still see limited inventory and higher prices throughout the rest of the summer and into the fall.

Few to No Foreclosures and Short Sales

You might remember a time when there were a significant number of foreclosed homes or short sales. There are only a few short sales throughout Los Angeles County as of June 2023. 

The reason why? According to the CEO of a large brokerage, “People are equity rich.” Therefore, the severe economic pressures that occurred during the 2008 financial crisis and earlier downturns in the 1990s, aren’t influencing many new foreclosures and short sales.

Working With Experts That Understand The Market

If you’ve been waiting for a better time to buy a new home, the time could be right now. Los Angeles is a diverse residential real estate market and it’s likely that the home that’s right for you is out there right now. Whether you’ve already decided which neighborhood is the one you want to live in, or are still exploring, you can discover great opportunities for residential real estate by working with a firm that has deep experience and knowledge, like California Platinum Realty.

You can also discover the financing options that are right for you by working with California Platinum Loans, a brokerage with many established, beneficial relationships with lenders. By working with a great broker, you can successfully navigate the complex L.A. housing market and understand your financing options.

Contact California Platinum Loans today to learn your options in home mortgage and real estate choices.


Asch, Andrew. “LA Home prices turn corner in March,” The Real Deal Real Estate News, 23 April 2023, url: https://therealdeal.com/la/2023/04/25/la-home-prices-turn-corner-in-march/