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

Posted on April 28, 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

  1. 2 beds, 2 full baths
    Home size: 1,350 sq ft
    Lot size: 7,487 sqft
    Year built: 1923
    Days on market: 2
  2. 3 beds, 1 full, 1 part baths
    Home size: 1,283 sq ft
    Lot size: 4,971 sqft
    Year built: 1950
    Days on market: 3
  3. 4 beds, 3 full, 1 part baths
    Home size: 2,688 sq ft
    Lot size: 3,440 sqft
    Year built: 2015
    Days on market: 3
  4. 0 beds, 3 full baths
    Home size: 1,833 sq ft
    Lot size: 9,572 sqft
    Year built: 1906
    Days on market: 3
  5. 2 beds, 2 full baths
    Home size: 1,034 sq ft
    Lot size: 2,722 sqft
    Year built: 1900
    Days on market: 4
  6. 3 beds, 2 full, 1 part baths
    Home size: 1,582 sq ft
    Lot size: 1,696 sqft
    Year built: 2015
    Days on market: 5
  7. 2 beds, 1 full bath
    Home size: 1,336 sq ft
    Lot size: 4,846 sqft
    Year built: 1938
    Days on market: 6
  8. 3 beds, 2 full, 1 part baths
    Home size: 3,396 sq ft
    Lot size: 6,251 sqft
    Year built: 1989
    Parking spots: 4
    Days on market: 8
  9. 3 beds, 3 full baths
    Home size: 1,379 sq ft
    Lot size: 4,003 sqft
    Year built: 1920
    Parking spots: 4
    Days on market: 8
  10. 2 beds, 2 full baths
    Home size: 1,444 sq ft
    Lot size: 4,600 sqft
    Year built: 1921
    Days on market: 9
  11. 2 beds, 2 full baths
    Home size: 1,395 sq ft
    Lot size: 7,520 sqft
    Year built: 1960
    Days on market: 9
  12. 2 beds, 2 full baths
    Home size: 824 sq ft
    Lot size: 4,831 sqft
    Year built: 1926
    Parking spots: 4
    Days on market: 10
  13. 2 beds, 3 full baths
    Home size: 2,407 sq ft
    Lot size: 3,376 sqft
    Year built: 2005
    Days on market: 10
  14. 2 beds, 2 full baths
    Home size: 1,108 sq ft
    Lot size: 3,723 sqft
    Year built: 1895
    Days on market: 11
  15. 1 bed, 1 full bath
    Home size: 684 sq ft
    Lot size: 7,803 sqft
    Year built: 1910
    Days on market: 11

See all Silver Lake and Echo Park Homes for Sale.
(all data current as of 7/5/2015)

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

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