Echo Park Real Estate Market Report November 2011

Echo Park is a highly desirable area near Downtown Los Angeles,  and homes don’t generally stay on the market there too long.

A sellers’ market is one where the inventory is below 6 months.  A buyers’ market one where it is above six months.  And six months’ inventory is a stable market.Echo Park Los Angeles Community, Echo Park Real Estate

Median price is the price at which half the homes sold above this price and half below.  Average sales price does not accurately reflect the trend since one extremely high-priced or one extremely low-priced home is going to skew the statistics.

The MLS does not show median days on the market, only an average, and again, one home selling quickly or very slowly is going to affect that figure.

I show price per square foot for homes currently on the market, but this really is not a fair measure since there are so many variables affecting that price.

Bearing in mind that Echo Park really is not an area with a high number of condos, let’s see how Echo Park real estate has been doing.

Echo Park Housing Market Report November 2011

Echo Park Condos, Market Report November 2011

Echo Park single family home sales are fairly steady in number of sales, median price and days on the market.  Also sales price vs. list price is high.

The Echo Park condo market is limited but steady.

Echo Park Homes for Sale, Homes for Sale in Echo Park

Previous Echo Park Market Reports

Echo Park Real Estate Market Report – February 2011

Echo Park Real Estate.  How is the Market Doing?

Echo Park Real Estate Market Trends, May 2010

Other Los Angeles Neighborhoods

Atwater Village Hancock Park Playa del Rey
Bel Air Hollywood Playa Vista
Beverly Center – Miracle Mile Hollywood Hills East Rancho Park
Beverly Hills Post Office Hollywood Hills West Santa Monica
Beverlywood Holmby Hills Studio City
Brentwood Los Angeles Sunset Strip
Carthay Los Feliz Venice
Century City Malibu West Hollywood
Cheviot Hills Marina del Rey West Los Angeles
Culver City Mar Vista Westchester
Downtown Los Angeles Pacific Palisades Westwood
Echo Park Palms Wilshire Corridor

Search Los Angeles Homes for Sale by Zip Code

Los Angeles Lifestyle Search

Return to Los Angeles Real Estate Information Page

 

Jane Peters

Jane Peters is a Los Angeles Realtor®, specializing in absentee owners, out-of-town-buyers and those needing that extra personal touch to make the buying and selling of Los Angeles real estate a smooth and, believe it or not, fun process.

More Posts - Website - Twitter - Facebook - LinkedIn - Pinterest - Google Plus - YouTube

Add Comment Register



Speak Your Mind

*