Silver Lake Real Estate Market Update: September 2010
Well priced Silver Lake real estate is selling relatively quickly. There is not a particularly large inventory homes for sale in the area right now. The mls shows the current active listing inventory to be only 52 homes. The follow chart shows Silver Lake Real Estate Market activity for the Month of August, 2010.
Now let's take a look at some year to date figures from January 1, 2010 through August 31, 2010. These figures are for single family homes in Silver Lake only and to not include Silver Lake condos or income properties.
Silver Lake Home Sales Year-to-date from January 1st, 2010 through August 31, 2010
- Number of Single Family Homes SOLD: 80
- Highest price - $1,890,000
- Median price -$735,000
- Average price -$733,989
- Lowest price - $172,000
- Average Days on the Market - 43
- Average Square footage 1,533.44
- Average price per square foot- $438.80
Silver Lake prices vary by location, school district, property size and condition. The following chart shows that the majority of sale of Silver Lake single family homes this year have sold between $500,000 and $1,000,000. If you have been hoping to find a house in Silver Lake for less than $500,000 you'll see that relatively few homes have sold in that range. This price range is not only very competitive, but the majority of the properties are major fixers, very small, and/or in less desirable areas.
For more information on Silver Lake, Echo Park, Los Feliz, and surrounding areas, contact me directly at 213-215-4758 or check out LApropertySolutions.com
Jenny Durling
Broker Associate
L.A. Property Solutions
213-215-4758
info@LApropertySolutions.com
LApropertySolutions.com
Copyright © 2010 By Jenny Durling *All Rights Reserved *Silver Lake Real Estate Market Update: September 2010*
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