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.
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
Showing properties
1 - 15 of 41.
See more Silver Lake and Echo Park Homes for Sale.
(all data current as of
6/18/2013)
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$1,149,000 : 3312 Descanso Drive, Los Angeles4 beds, 3 full baths
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$1,459,000 : 2327 EWING ST, Los Angeles4 beds, 3.0 baths
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$849,000 : 2023 Lemoyne Street, Los Angeles3 beds, 3 full baths
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$1,699,000 : 1743 REDCLIFF ST, Los Angeles4 beds, 3.0 baths
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$1,249,000 : 1954 REDESDALE AVE, Los Angeles5 beds, 3 full, 1 part baths
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$834,000 : 1338 CORONADO TER, Los Angeles3 beds, 2 full baths
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$998,000 : 2219 W SILVER LAKE DR, Los Angeles3 beds, 2 full baths
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$999,000 : 3132 BERKELEY CIR, Los Angeles3 beds, 2 full, 1 part baths
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$345,000 : 2501 Lake View Avenue, Los Angeles1 bed, 1 full bath
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$749,000 : 1340 LAVETA TER, Los Angeles3 beds, 2 full baths
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$430,000 : 301 N WESTLAKE AVE, Los Angeles5 beds, 2.0 baths
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$689,000 : 2514 ARMSTRONG AVE, Los Angeles2 beds, 2.0 baths
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$898,000 : 2636 CORRALITAS DR, Los Angeles2 beds, 3.0 baths
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$1,189,000 : 2406 SILVER RIDGE AVE, Los Angeles2 beds, 2.5 baths
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$775,000 : 1815 Avalon Street, Los Angeles3 beds, 1 full bath
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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