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 11/27/2014)

  1. 3 beds, 1 full, 1 part baths
    Home size: 1,547 sq ft
    Lot size: 10,382 sqft
    Year built: 1940
    Parking spots: 2
    Days on market: 3
  2. 2 beds, 1 full bath
    Home size: 704 sq ft
    Lot size: 5,139 sqft
    Year built: 1928
    Days on market: 4
  3. 4 beds, 2 full baths
    Home size: 1,721 sq ft
    Lot size: 5,065 sqft
    Year built: 1913
    Days on market: 4
  4. 3 beds, 2 full baths
    Home size: 1,665 sq ft
    Lot size: 6,615 sqft
    Year built: 1922
    Days on market: 4
  5. 4 beds, 3 full baths
    Home size: 2,496 sq ft
    Lot size: 17,610 sqft
    Year built: 1983
    Parking spots: 2
    Days on market: 5
  6. 3 beds, 2 full baths
    Home size: 1,219 sq ft
    Lot size: 4,494 sqft
    Year built: 1909
    Days on market: 8
  7. 3 beds, 1 full, 2 part baths
    Home size: 2,316 sq ft
    Lot size: 4,000 sqft
    Year built: 2014
    Days on market: 9
  8. 1 bed, 1 full bath
    Home size: 480 sq ft
    Lot size: 2,295 sqft
    Year built: 1923
    Parking spots: 2
    Days on market: 9
  9. 3 beds, 2 full, 1 part baths
    Home size: 1,400 sq ft
    Lot size: 5,000 sqft
    Year built: 1921
    Parking spots: 4
    Days on market: 11
  10. 3 beds, 2 full baths
    Home size: 1,358 sq ft
    Lot size: 2,500 sqft
    Days on market: 11
  11. 2 beds, 2 full baths
    Home size: 1,127 sq ft
    Lot size: 1,987 sqft
    Year built: 1928
    Parking spots: 2
    Days on market: 12
  12. 2 beds, 1 full bath
    Home size: 672 sq ft
    Lot size: 2,598 sqft
    Year built: 1910
    Parking spots: 1
    Days on market: 12
  13. 3 beds, 2 full, 1 part baths
    Lot size: 5,000 sqft
    Year built: 1922
    Parking spots: 2
    Days on market: 16
  14. 3 beds, 2 full baths
    Home size: 1,782 sq ft
    Lot size: 4,725 sqft
    Year built: 1937
    Days on market: 17
  15. 2 beds, 1 full, 1 part baths
    Home size: 1,206 sq ft
    Lot size: 4,999 sqft
    Year built: 1919
    Parking spots: 2
    Days on market: 17

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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