They will stay high compared to other areas of the city, but with the entire market trending downwards even the nicer areas will soften up. If you are buying, now is a very good time to get in before more mortgage turmoil tightens up guidelines even further than they are at now. I am doing a purchase for a 1.7m home that wa appraised three months ago at 1.95m if that gives you any idea of where prices are headed. I do a good amount of work in Los Feliz/Silverlake so if I can be of any assistance don't hesitate to contact me.

Mon Jul 14 2008, 15:09

The question begs another question... relatively high in relation to what? Homes in the Los Feliz Hills are very desirable, in a great central location of the city, right next to Griffith Park, and near great dining, shopping, and entertainment, so in relation to say the high desert, or even less desirable areas of LA, yes, the prices in Los Feliz hills will always be relatively high. But not relative to, for instance, Beverly Hills, Brentwood, Bel Air, Malibu, many areas of San Francisco, or Manhattan, NY. In that case, I would say prices in the Los Feliz hills are relatively low given all the great amenities you get, like large properties, great views, trees, pools (sometimes), great weather, etc. But the prices will likely follow the rest of the market... as prices soften in other areas of the city they will soften in Los Feliz as well, but probably not any more or less than other, similar areas of the Hollywood Hills like Beachwood Canyon, Laurel Canyon, etc. It is definitely a better time to buy a home there than, for instance, 2005! There are some great deals out there and as long as you don't plan to "flip" a home and instead plan to stay in it for a while it will be a great investment in addition to being a great place to live.

Sun Jan 6 2008, 19:05