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

Search Silver Lake and Echo Park Real Estate for Sale

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% … [Read more...]

Silver Lake | Echo Park Real Estate Market Report 2011

Silver Lake, Los Angeles' best neighborhood

Let's see how the Silver Lake and Echo Park real estate market did in 2011. The MLS/CLAW covers the above two areas together, and since the boundaries are not clear, this report will cover both areas. Absorption rate is the number of months it will take the current inventory to sell, based on the average number of homes sold each month.  Sixmonths is a balanced market, above six months favors buyers and below six months favors sellers. The under $1 Million Silver Lake and Echo Park real … [Read more...]

Echo Park Real Estate Market Report November 2011

Echo Park Los Angeles Community, Echo Park Real Estate

Echo Park is a highly desirable area near Downtown Los Angeles,  and homes don't generally stay on the market there too long. A sellers' market is one where the inventory is below 6 months.  A buyers' market one where it is above six months.  And six months' inventory is a stable market. Median price is the price at which half the homes sold above this price and half below.  Average sales price does not accurately reflect the trend since one extremely high-priced or one extremely … [Read more...]

Echo Park Real Estate Market Report – February 2011

Echo Park Real Estate Median Price - February 2011

If you are buying or selling Echo Park real estate, find out how the market is doing on a monthly basis. Below are the annual statistics for Echo Park single family homes through February 2011. Map of Echo Park> View Echo Park 90026 in a larger map So how is the Echo Park real estate market doing? The statistics to take note of are February 2010 and February 2011 as these take the seasonality out of the equation.  Be sure to click on each chart for more detail: The median sold … [Read more...]

Echo Park Los Angeles Real Estate – How is the Market Doing?

Echo Park Real Estate Market Trend, Echo Park Homes for Sale, Echo Park Housing Market Report

Echo Park Los Angeles is a culturally diverse neighborhood near downtown Los Angeles. If you are thinking of buying or selling a home in Echo Park you may want to check out the latest housing market statistics. The Echo Park real estate report below is for single family homes over 2010.  Condos are a small part of the Echo Park real estate market. Also, the boundaries of Echo Park are rather loosely defined, and the Los Angeles Multiple Listing Service (MLS) combines Echo Park with … [Read more...]

Echo Park Community Overview

Overview of Echo Park

  Echo Park CA Homes for Sale … [Read more...]

Echo Park Real Estate – Market Trend – May 2010

Echo Park Housing Market

The Echo Park real estate housing market report below shows the market absorption trend for single family homes in the 90026 area. What is an absorption rate?  This shows the rate at which inventory is being sold and is calculated by the number of homes on the market divided by the number sold in a month.  This helps in determining the pricing of homes being put on the market and what kind of market it is.  If you have a 10 month selling cycle and want to sell in 5 months you would … [Read more...]