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Echo Park California Market Report - December '09

By
Real Estate Broker/Owner with Home Jane Realty BRE# 01439865

Echo Park is one of the top growing areas in the U.S.  It's proximity to down town, spectacular views and still affordable housing by Los Angeles standards, draws a diverse population and a good place for first-time home buyers to investigate.

The statistics below, cover the major Echo Park areas (90026), are taken directly from the MLS and are for single family homes.  They also don't take into consideration condos, income property and private sales.

There were 10 sales in the month of December. The most expensive home sold was $786,000 in the hills and $865,000 in the flats. There were only 9 sales in December '08.

The median sales price was $480,000 approximately a 25% decrease over December '08.

Average days on the market for sold properties was 65, down from 105 in December '08.

Below is a breakdown of last month's activity in the Echo Park area of Los Angeles:

 

Echo Park Statistics

Echo Park Statistics

 

 

 

Comments (7)

Carlos B
TreeHouseForRent.Com - Exeter, CA
I've been through there. I like the location too. It looks like the recovery is going to take longer though in the inland empire and the central valley.
Jan 26, 2010 03:27 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Carlos, that is for sure.  They really got hit hard.  Thanks for coming by.

Jan 26, 2010 03:30 AM
Jane Cross
Homes By Cross serving Charlotte NC Real Estate Needs - Charlotte, NC

Jane, move east, and give up all the tropical airs! We can put you up right nicely here in Charlotte for a mere pittance!

Jan 26, 2010 04:34 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Jane,  yeah, I know and then you will have me doing the cooking and cleaning!

Jan 26, 2010 04:39 AM
Sheldon Neal
Bergen County, NJ - RE/MAX Real Estate Limited - Maywood, NJ
That British Agent Bergen County NJ

... 65 dom ... down from 105 ... thats the exciting stat !

Hope the trend continues, and you get a nice early spring rush !

Cheers from Narbonne !

Sheldon :o)

Jan 26, 2010 09:26 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Sheldon, merci bien.  A bientot, et stay out of trouble.

Jan 26, 2010 10:41 AM
Sheldon Neal
Bergen County, NJ - RE/MAX Real Estate Limited - Maywood, NJ
That British Agent Bergen County NJ

... I'm never in trouble ;o)

Jan 26, 2010 09:43 PM