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 1/25/2015)

  1. 2 beds, 1 full bath
    Home size: 1,379 sq ft
    Lot size: 4,799 sqft
    Year built: 1924
    Parking spots: 1
    Days on market: 3
  2. 3 beds, 2 full, 1 part baths
    Home size: 1,583 sq ft
    Lot size: 5,910 sqft
    Year built: 1922
    Days on market: 4
  3. 2 beds, 2 full, 1 part baths
    Home size: 1,500 sq ft
    Lot size: 4,829 sqft
    Year built: 1933
    Days on market: 4
  4. 2 beds, 1 full bath
    Home size: 935 sq ft
    Lot size: 2,511 sqft
    Year built: 1927
    Parking spots: 2
    Days on market: 5
  5. 4 beds, 2 full baths
    Home size: 2,637 sq ft
    Lot size: 5,769 sqft
    Year built: 1907
    Days on market: 6
  6. 3 beds, 2 full, 1 part baths
    Home size: 1,644 sq ft
    Lot size: 2,447 sqft
    Year built: 1973
    Parking spots: 2
    Days on market: 7
  7. 2 beds, 1 full bath
    Home size: 740 sq ft
    Lot size: 3,818 sqft
    Year built: 1924
    Days on market: 11
  8. 3 beds, 2 full baths
    Home size: 1,584 sq ft
    Lot size: 1,501 sqft
    Year built: 1907
    Parking spots: 2
    Days on market: 12
  9. 2 beds, 2 full baths
    Home size: 1,465 sq ft
    Lot size: 11,466 sqft
    Year built: 1910
    Parking spots: 3
    Days on market: 12
  10. 3 beds, 2 full baths
    Home size: 1,380 sq ft
    Lot size: 11,852 sqft
    Year built: 1957
    Days on market: 12
  11. 2 beds, 2 full, 1 part baths
    Home size: 1,219 sq ft
    Lot size: 800 sqft
    Parking spots: 2
    Days on market: 13
  12. 3 beds, 2 full baths
    Home size: 1,602 sq ft
    Lot size: 5,000 sqft
    Year built: 1910
    Days on market: 14
  13. 2 beds, 1 full, 1 part baths
    Home size: 1,205 sq ft
    Lot size: 4,991 sqft
    Year built: 1950
    Days on market: 14
  14. 2 beds, 1 full bath
    Home size: 1,120 sq ft
    Lot size: 2,916 sqft
    Year built: 1936
    Parking spots: 1
    Days on market: 14
  15. 2 beds, 2 full baths
    Home size: 1,073 sq ft
    Lot size: 5,591 sqft
    Year built: 1925
    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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