Silver Lake | Echo Park Real Estate Market | 1st Quarter 2012

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.

Search Silver Lake and Echo Park Real Estate for Sale

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

See all Silver Lake and Echo Park Homes for Sale.
(all data current as of 10/25/2014)

  1. 3 beds, 2 full, 1 part baths
    Home size: 2,169 sq ft
    Lot size: 23,725 sqft
    Year built: 1985
    Parking spots: 6
    Days on market: 1
  2. 3 beds, 1 full bath
    Home size: 1,566 sq ft
    Lot size: 6,976 sqft
    Year built: 1914
    Days on market: 5
  3. 2 beds, 2 full baths
    Home size: 2,033 sq ft
    Lot size: 4,779 sqft
    Year built: 1960
    Days on market: 5
  4. 2 beds, 1 full, 1 part baths
    Home size: 1,081 sq ft
    Lot size: 3,046 sqft
    Year built: 1942
    Parking spots: 2
    Days on market: 8
  5. 3 beds, 1 full bath
    Home size: 1,092 sq ft
    Lot size: 4,836 sqft
    Year built: 1925
    Parking spots: 1
    Days on market: 10
  6. 4 beds, 2 full, 1 part baths
    Home size: 2,557 sq ft
    Lot size: 7,024 sqft
    Year built: 1960
    Parking spots: 2
    Days on market: 10
  7. 2 beds, 2 full baths
    Home size: 1,200 sq ft
    Lot size: 1,038 sqft
    Year built: 1923
    Days on market: 10
  8. 2 beds, 2 full, 1 part baths
    Home size: 1,307 sq ft
    Lot size: 800 sqft
    Parking spots: 2
    Days on market: 11
  9. 2 beds, 2 full, 1 part baths
    Home size: 1,407 sq ft
    Lot size: 800 sqft
    Parking spots: 2
    Days on market: 11
  10. 2 beds, 2 full, 1 part baths
    Home size: 1,332 sq ft
    Lot size: 800 sqft
    Parking spots: 2
    Days on market: 11
  11. 3 beds, 2 full baths
    Home size: 1,602 sq ft
    Lot size: 5,000 sqft
    Year built: 1910
    Days on market: 12
  12. 2 beds, 1 full, 1 part baths
    Home size: 1,227 sq ft
    Lot size: 3,220 sqft
    Year built: 1922
    Days on market: 15
  13. 5 beds, 3 full baths
    Home size: 2,897 sq ft
    Lot size: 13,536 sqft
    Year built: 1983
    Days on market: 17
  14. 2 beds, 1 full bath
    Home size: 1,124 sq ft
    Lot size: 2,820 sqft
    Year built: 1914
    Days on market: 19
  15. 2 beds, 1 full, 1 part baths
    Home size: 1,016 sq ft
    Lot size: 3,000 sqft
    Year built: 1923
    Days on market: 20

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

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For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

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.

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