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, 1 full bath
    Home size: 1,001 sq ft
    Lot size: 4,577 sqft
    Year built: 1938
    Days on market: 3
  2. 4 beds, 3 full, 1 part baths
    Home size: 3,570 sq ft
    Lot size: 7,991 sqft
    Year built: 2015
    Days on market: 4
  3. 4 beds, 3 full, 1 part baths
    Home size: 3,190 sq ft
    Lot size: 7,991 sqft
    Year built: 2015
    Days on market: 4
  4. 3 beds, 2 full, 1 part baths
    Home size: 3,170 sq ft
    Lot size: 7,991 sqft
    Year built: 2015
    Days on market: 4
  5. 3 beds, 2 full baths
    Home size: 900 sq ft
    Lot size: 5,312 sqft
    Year built: 1906
    Parking spots: 4
    Days on market: 4
  6. 3 beds, 2 full, 1 part baths
    Home size: 1,407 sq ft
    Lot size: 600 sqft
    Parking spots: 4
    Days on market: 4
  7. 5 beds, 1 full bath
    Home size: 3,183 sq ft
    Lot size: 8,408 sqft
    Year built: 1912
    Days on market: 4
  8. 1 bed, 1 full bath
    Home size: 600 sq ft
    Lot size: 2,000 sqft
    Year built: 1923
    Parking spots: 2
    Days on market: 5
  9. 3 beds, 1 full bath
    Home size: 1,310 sq ft
    Lot size: 4,999 sqft
    Year built: 1908
    Days on market: 6
  10. 3 beds, 2 full baths
    Home size: 2,250 sq ft
    Lot size: 7,469 sqft
    Year built: 1920
    Days on market: 6
  11. 3 beds, 1 full, 2 part baths
    Home size: 2,016 sq ft
    Year built: 2015
    Days on market: 6
  12. 3 beds, 1 full, 2 part baths
    Home size: 1,638 sq ft
    Year built: 2015
    Days on market: 6
  13. 3 beds, 1 full, 1 part baths
    Home size: 1,516 sq ft
    Lot size: 4,138 sqft
    Year built: 1936
    Days on market: 7
  14. 2 beds, 2 full, 1 part baths
    Home size: 1,219 sq ft
    Lot size: 800 sqft
    Parking spots: 4
    Days on market: 7
  15. 3 beds, 2 full baths
    Home size: 1,096 sq ft
    Lot size: 5,086 sqft
    Year built: 1923
    Days on market: 8

See all Silver Lake and Echo Park Homes for Sale.
(all data current as of 8/3/2015)

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.

Westside Los Angeles Real Estate, including, but not limited to:

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Social Media Icons Powered by Acurax Website Redesign Experts