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

Originally 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 part baths
    Home size: 1,218 sq ft
    Lot size: 3,861 sqft
    Year built: 1922
    Days on market: 1
  2. 2 beds, 2 full, 1 part baths
    Lot size: 1,559 sqft
    Days on market: 1
  3. 4 beds, 3 full baths
    Home size: 2,422 sq ft
    Lot size: 5,749 sqft
    Year built: 1928
    Days on market: 2
  4. 2 beds, 1 full, 1 part baths
    Home size: 1,244 sq ft
    Lot size: 3,098 sqft
    Year built: 1924
    Days on market: 2
  5. 4 beds, 3 full baths
    Home size: 2,163 sq ft
    Lot size: 7,204 sqft
    Year built: 1895
    Days on market: 2
  6. 3 beds, 2 full, 1 part baths
    Home size: 2,349 sq ft
    Lot size: 11,858 sqft
    Year built: 2002
    Days on market: 2
  7. 3 beds, 2 full baths
    Home size: 1,475 sq ft
    Lot size: 5,420 sqft
    Year built: 1955
    Days on market: 3
  8. 2 beds, 2 full, 1 part baths
    Home size: 1,469 sq ft
    Lot size: 800 sqft
    Parking spots: 4
    Days on market: 3
  9. 5 beds, 3 full baths
    Home size: 1,612 sq ft
    Lot size: 7,002 sqft
    Year built: 1905
    Days on market: 5
  10. 3 beds, 3 full baths
    Home size: 1,493 sq ft
    Lot size: 1,875 sqft
    Year built: 1993
    Days on market: 8
  11. 3 beds, 2 full baths
    Home size: 1,977 sq ft
    Lot size: 6,084 sqft
    Year built: 1923
    Parking spots: 2
    Days on market: 8
  12. 3 beds, 2 full baths
    Home size: 3,201 sq ft
    Lot size: 12,286 sqft
    Year built: 1885
    Parking spots: 4
    Days on market: 8
  13. 2 beds, 1 full bath
    Home size: 892 sq ft
    Lot size: 3,105 sqft
    Year built: 1922
    Days on market: 10
  14. 2 beds, 1 full bath
    Home size: 1,240 sq ft
    Lot size: 5,001 sqft
    Year built: 1911
    Days on market: 10
  15. 4 beds, 2 full, 1 part baths
    Home size: 938 sq ft
    Lot size: 3,469 sqft
    Year built: 1950
    Parking spots: 2
    Days on market: 11

See all Silver Lake and Echo Park Homes for Sale.
(all data current as of 8/29/2015)

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

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