echo park housing market: Silver Lake | Echo Park Housing Market Report 1st Quarter 2012
- 04/29/12 07:03 AM
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 … (17 comments)
echo park housing market: Silver Lake | Echo Park Housing Market Report 2011
- 03/03/12 04:36 PM
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 estate market favors sellers. The number of sales were up significantly over the previous year and the median price was … (0 comments)
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 price is down only 2%. The number of homes sold in Echo Park is up by 3. Average days on the market of homes sold is up 50%. The number of new homes on the … (12 comments)
echo park housing market: Echo Park California Housing Market Report - April 2010
- 05/06/10 04:42 PM
The Echo Park Los Angeles Housing Market statistics below are taken from the MLS CLAW and are for single family home only. They do not include condos, income property or private sales. Surprisingly the figures for Echo Park home sales are not as strong as one would have thought given that April saw the end of the federal home buyers tax credit. The number of homes sold was flat and the median price was down and the days on the market were up quite significantly over the previous month. Also the months supply of inventory increased. May will be an … (3 comments)
echo park housing market: Echo Park California Housing Market Report - March '10
- 04/10/10 11:28 AM
The statistics below are taken from the MLS and are for single family homes only in the 90026 area code. They do not include condos, income property, or private sales. The overall Echo Park Housing Market looks fairly strong for March. The number of homes sold, median price, median list price vs sold price are all up quite significantly. However days on the market for homes sold are up, as is the months supply of inventory. The number of homes in escrow is down for March.
Search properties for sale in Echo Park California. … (3 comments)
echo park housing market: Echo Park California Market Report -February '10
- 03/10/10 03:20 PM
The statistics below cover home sales in the major Echo Park area of Los Angeles (90026) and are taken directly from the MLS. They are for single family only and do not include condos, income property, and private sales. There were 5 sales in the month of February, down from 13 in January and 12 in February '09. The highest priced was $710,000 and the lowest $250,000. The median sold price was $325,000, no change from January, but down from $460,000 in February '09. The average percentage of sold price vs listing prices was 106.98%, up from 96.12% in January … (0 comments)
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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.
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