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 3/2/2015)

  1. 7 beds, 6 full baths
    Home size: 4,490 sq ft
    Lot size: 6,678 sqft
    Year built: 1923
    Parking spots: 11
    Days on market: 0
  2. 2 beds, 2 full, 1 part baths
    Home size: 1,489 sq ft
    Lot size: 2,047 sqft
    Year built: 1923
    Days on market: 4
  3. 3 beds, 2 full baths
    Lot size: 7,940 sqft
    Year built: 1910
    Days on market: 6
  4. 2 beds, 1 full, 1 part baths
    Home size: 1,038 sq ft
    Lot size: 3,141 sqft
    Year built: 1922
    Parking spots: 3
    Days on market: 6
  5. 3 beds, 1 full, 1 part baths
    Home size: 1,595 sq ft
    Lot size: 6,171 sqft
    Year built: 1937
    Days on market: 7
  6. 2 beds, 2 full, 1 part baths
    Home size: 1,219 sq ft
    Lot size: 800 sqft
    Parking spots: 2
    Days on market: 7
  7. 2 beds, 1 full, 1 part baths
    Home size: 1,256 sq ft
    Lot size: 3,651 sqft
    Year built: 1965
    Parking spots: 2
    Days on market: 10
  8. 2 beds, 2 full, 1 part baths
    Lot size: 1,559 sqft
    Days on market: 10
  9. 3 beds, 1 full, 1 part baths
    Home size: 1,260 sq ft
    Lot size: 4,809 sqft
    Year built: 1926
    Days on market: 11
  10. 3 beds, 2 full baths
    Home size: 1,469 sq ft
    Lot size: 4,989 sqft
    Year built: 1906
    Days on market: 17
  11. 1 bed, 1 full bath
    Home size: 495 sq ft
    Lot size: 2,506 sqft
    Year built: 1956
    Days on market: 18
  12. 3 beds, 3 full, 1 part baths
    Lot size: 3,150 sqft
    Days on market: 21
  13. 2 beds, 1 full bath
    Home size: 1,555 sq ft
    Lot size: 7,396 sqft
    Year built: 1940
    Parking spots: 7
    Days on market: 27
  14. 1 bed, 1 full bath
    Lot size: 3,008 sqft
    Days on market: 27
  15. 3 beds, 2 full, 1 part baths
    Home size: 1,407 sq ft
    Lot size: 600 sqft
    Parking spots: 2
    Days on market: 28

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

Buying or Selling Los Angeles Real Estate

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