Let’s compare the Silver Lake and Echo Park real estate market in the 1st Quarter 2012 against the same period last year. At present it is difficult to accurately split the two markets as the MLS combines them. However, I hope soon to be able to do that since Echo Park and Silver Lake are two distinctly different communities.
The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed. Also, they reflect single family home sales only.
Number Sold: 69, a 32.69% increase over the same period last year.
Median Price: $520,000, a 5.7% increase over the same period last year.
With the 70 active listings and and average of 23 homes sold per month, the number of months it will take to sell the existing inventory (absorption rate) will be 3.04. A stable market is 6 months worth of inventory and anything below that is a sellers’ market. Silver Lake and Echo Park home sellers should be seriously considering putting their homes on the market.
Buyers are out there, mortgage rates are low, inventory is low. The perfect storm.
Homes for sale in Silver Lake and Echo Park
- MLS® #: 23-331473
- 10644 Bellagio Rd
- Los Angeles CA
- $195,000,000
- 7 Bed | 20 Bath | 0 SqFt
- 8.4 Acres
- MLS® #: 23-231909
- 594 S Mapleton Dr
- Los Angeles CA
- $137,500,000
- 14 Bed | 27 Bath | 56,500 SqFt
- 4.6 Acres
- MLS® #: 23-321859
- 9505 Gloaming
- Beverly Hills CA
- $126,000,000
- 8 Bed | 20 Bath | 30,610 SqFt
- 2.19 Acres
- MLS® #: 23-282597
- 24168 Case Ct
- Malibu CA
- $95,000,000
- 7 Bed | 8 Bath | 10,272 SqFt
- 3.35 Acres
- MLS® #: 24-369077
- 1499 Blueridge Dr
- Beverly Hills CA
- $85,000,000
- 13 Bed | 16 Bath | 28,000 SqFt
- 2.2 Acres
- MLS® #: 23-313098
- 1028 Ridgedale Dr
- Beverly Hills CA
- $85,000,000
- 12 Bed | 18 Bath | 24,325 SqFt
- 0.95 Acres
- MLS® #: 23-239903
- 107 Delfern Dr
- Los Angeles CA
- $85,000,000
- 10 Bed | 19 Bath | 21,000 SqFt
- 1.88 Acres
- MLS® #: 23-245068
- 25142 Pacific Coast Hwy
- Malibu CA
- $75,000,000
- 7 Bed | 9 Bath | 13,126 SqFt
- 1.73 Acres
- MLS® #: 23-338275
- 23 Beverly Park Ter
- Beverly Hills CA
- $74,000,000
- 9 Bed | 12 Bath | 28,000 SqFt
- 3.26 Acres
- MLS® #: 24-376821
- 9330 Flicker Way
- Los Angeles CA
- $72,500,000
- 9 Bed | 14 Bath | 24,000 SqFt
- 0.91 Acres
- MLS® #: 24-350817
- 11740 Crescenda St
- Los Angeles CA
- $69,500,000
- 8 Bed | 13 Bath | 20,000 SqFt
- 3.54 Acres
- MLS® #: 23-278179
- 24185 Case Ct
- Malibu CA
- $69,500,000
- 5 Bed | 7 Bath | 11,097 SqFt
- 3.88 Acres
- MLS® #: 24-370907
- 942 N Alpine Dr
- Beverly Hills CA
- $68,000,000
- 5 Bed | 7 Bath | 12,294 SqFt
- 0.85 Acres
- MLS® #: 24-357985
- 684 Firth Ave
- Los Angeles CA
- $68,000,000
- 6 Bed | 10 Bath | 14,779 SqFt
- 1.93 Acres
- MLS® #: 23-310191
- 9650 Cedarbrook Dr
- Beverly Hills CA
- $68,000,000
- Bed | 0 Bath | 0 SqFt
- 27.59 Acres
- MLS® #: 24-343930
- 28026 Sea Lane Dr
- Malibu CA
- $67,500,000
- 4 Bed | 5 Bath | 3,795 SqFt
- 0.43 Acres
- MLS® #: 24-348129
- 1210 Benedict Canyon Dr
- Beverly Hills CA
- $65,000,000
- 11 Bed | 16 Bath | 27,150 SqFt
- 2.69 Acres
- MLS® #: 23-260091
- 9609 Oak Pass Rd
- Beverly Hills CA
- $65,000,000
- 17 Bed | 19 Bath | 0 SqFt
- 3 Acres
- MLS® #: 22-167741
- 1005 N Alpine DR
- BEVERLY HILLS CA
- $65,000,000
- 4 Bed | 6 Bath | 4,351 SqFt
- 2.66 Acres
- MLS® #: 21-705644
- 133 S Mapleton DR
- LOS ANGELES CA
- $65,000,000
- 9 Bed | 14 Bath | 30,000 SqFt
- 1.1 Acres
- MLS® #: 23-306545
- 912 Benedict Canyon Dr
- Beverly Hills CA
- $64,000,000
- 7 Bed | 15 Bath | 17,005 SqFt
- 1.15 Acres
- MLS® #: 24-375075
- 271 S Mapleton Dr
- Los Angeles CA
- $62,500,000
- 8 Bed | 12 Bath | 31,450 SqFt
- 1.4 Acres
- MLS® #: 23-263239
- 1108 Wallace Rdg
- Beverly Hills CA
- $62,000,000
- 7 Bed | 14 Bath | 18,169 SqFt
- 0.57 Acres
- MLS® #: 23-271023
- 1220 Sunset Plaza Dr
- Los Angeles CA
- $60,000,000
- 6 Bed | 7 Bath | 11,412 SqFt
- 2.3 Acres
- MLS® #: 22-183864
- 24188 Case Ct
- Malibu CA
- $60,000,000
- 4 Bed | 7 Bath | 10,555 SqFt
- 3.45 Acres
- MLS® #: 24-363261
- 31272 Broad Beach Rd
- Malibu CA
- $59,500,000
- 6 Bed | 9 Bath | 12,301 SqFt
- 1.09 Acres
- MLS® #: 24-369323
- 1859 Bel Air Rd
- Los Angeles CA
- $58,000,000
- 9 Bed | 13 Bath | 20,000 SqFt
- 1.39 Acres
- MLS® #: 23-245455
- 41800 Pacific Coast Hwy
- Malibu CA
- $57,500,000
- 5 Bed | 7 Bath | 8,206 SqFt
- 0.83 Acres
- MLS® #: 24-379209
- 10250 W Sunset Blvd
- Los Angeles CA
- $55,000,000
- 14 Bed | 25 Bath | 30,000 SqFt
- 2.81 Acres
- MLS® #: 24-351991
- 27910 Pacific Coast Highway
- Malibu CA
- $54,950,000
- 4 Bed | 7 Bath | 5,154 SqFt
- 2.28 Acres
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).
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