The MLS/CLAW covers the above two areas together, and since the boundaries are not clear, this report will cover both areas.
Absorption rate is the number of months it will take the current inventory to sell, based on the average number of homes sold each month. Sixmonths is a balanced market, above six months favors buyers and below six months favors sellers.
The under $1 Million Silver Lake and Echo Park real estate market favors sellers. The number of sales were up significantly over the previous year and the median price was only down slightly.
Above $1 Million is also a pretty health sellers market. Except for the last three months of the year, the number of sold listings was up significantly over the previous year. The median price was also only down slightly.
The Silver Lake and Echo Park condo market is also doing well. Sales in 2011 were way up over the previous year, even though the median dropped more than the single family homes. There is not a huge condo market in Silver Lake and Echo Park and good units that come on the market are going to sell fairly quickly. So Echo Park and Silver Lake condo sellers, now is a great time to put your homes on the market.
$799,900 : 2229 Silver Ridge Avenue, Los Angeles2 beds, 1 full bath
$888,000 : 1616 FARGO Street, Los Angeles3 beds, 2 full baths
$749,000 : 2303 RIVERDALE Avenue, Los Angeles2 beds, 1 full, 1 three-quarter baths
$539,000 : 327 N Mountain View Avenue, Los Angeles5 beds, 2 full, 1 half baths
$997,000 : 1350 CORONADO Terrace, Los Angeles3 beds, 2 full baths
$1,049,000 : 2558 CORRALITAS Drive, Los Angeles3 beds, 1 full, 1 three-quarter baths
$639,900 : 705 Coronel Street, Los Angeles3 beds, 3 full baths
$1,299,000 : 3101 BERKELEY Circle, Los Angeles3 beds, 2 full, 1 half baths
$1,599,000 : 2025 MEADOW VALLEY Terrace, Los Angeles3 beds, 2 full, 1 three-quarter baths
$799,000 : 4125 GATEWAY Avenue, Los Angeles2 beds, 2 full baths
$495,000 : 1007 MARVIEW Avenue, Los Angeles2 beds, 1 full bath
$749,500 : 4119 Effie Street, Los Angeles2 beds, 1 full bath
$1,599,000 : 2320 BERKELEY Avenue, Los Angeles5 beds, 3 full, 1 half baths
$999,000 : 129 N BURLINGTON Avenue, Los Angeles4 beds, 2 full baths
$995,000 : 408 .5 N La Fayette Park Place, Los Angeles4 beds, 3 full baths
See all Silver Lake and Echo Park Homes for Sale.
(all data current as of 3/26/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Buying or Selling Los Angeles Real Estate
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