Silver Lake-Echo Park Vacant Land Trends Report....

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708
https://activerain.com/droplet/5h2D

Silver Lake is a  wonderful residential as well as commercial neighborhood of, Los Angeles, CA! Just to share a little history here. The community originally started around the 1900’s and it was built around the city’s reservoir and was called Ivanhoe by residents who originated from Scotland.

As time went by, the name  was changed to Silver Lake, not because of the color of the water of the reservoir, rather it was named after a local politician who helped create the reservoir.

 It was a very bohemian area about thirty years ago. Over the years Silver Lake turned into a hip and cool area, because  many of the entertainment industry’s hipsters who did not want to live in the Hollywood Hills or in Beverly Hills decide to call Silver Lake their home. This in turn created a low-key environment with neighborhood restaurants and hangouts, that are pretty much frequented by the local residents.

Hence the demand for homes have created a great deal of gentrification and pushed out most of the local Latino and Asian residents. Now with that said there are still some vacant land opportunities.

Should you be interested please check out the Market Trends below and if you are interested in purchasing please reach out to me directly.

 

Status Count
Active 21
Active-Contract 1
Pending 1
Sold 6
Total 29

Statistical Summary

Statistic Bedrooms Bathrooms Square Feet List Price Sold Price DOM
Minimum 0 0.00 0 $10,000 $55,000 3
Average 0 0.00 0 $900,064 $647,633 85
Median 0 0.00 0 $600,000 $575,000 46
Maximum 0 0.00 0 $5,500,000 $1,250,800 529
Total Volume       $26,101,876 $3,885,800  

 

 

 

www.endrebarath.com

 

 

 

If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly!

If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com  I contribute a portion of my commission to local animal rescue organizations.

 

 

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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I love your history on the Silver Lake area and that the hipsters can find a great piece of land on which to build at an affordable price for the area. Great report, Endre!

Jan 27, 2019 09:48 PM #1
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Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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