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. Â Also, they reflect single family home sales only.
Number Sold: Â 69, a 32.69% increase over the same period last year.
Median Price: Â $520,000, a 5.7% increase over the same period last year.
With the 70 active listings and and average of 23 homes sold per month, the number of months it will take to sell the existing inventory (absorption rate) will be 3.04. Â A stable market is 6 months worth of inventory and anything below that is a sellers’ market. Â Silver Lake and Echo Park home sellers should be seriously considering putting their homes on the market.
Buyers are out there, mortgage rates are low, inventory is low. Â The perfect storm.
Homes for sale in Silver Lake and Echo Park
Single Family
Condo
Rental
Land
- MLS® #: 24-449959
- 1261 Angelo Dr
- Beverly Hills CA
- $195,000,000
- 16 Bed | 27 Bath | 50,000 SqFt
- 6.03 Acres
- MLS® #: 24-386575
- 729 Bel Air Rd
- Los Angeles CA
- $150,000,000
- 9 Bed | 20 Bath | 18,784 SqFt
- 3.32 Acres
- MLS® #: 23-231909
- 594 S Mapleton Dr
- Los Angeles CA
- $137,500,000
- 14 Bed | 27 Bath | 56,500 SqFt
- 4.6 Acres
- MLS® #: 23-321859
- 9505 Gloaming
- Beverly Hills CA
- $126,000,000
- 8 Bed | 20 Bath | 30,610 SqFt
- 2.19 Acres
- MLS® #: 24-399189
- 10936 Chalon Rd
- Los Angeles CA
- $115,000,000
- 9 Bed | 13 Bath | 14,941 SqFt
- 1.65 Acres
- MLS® #: 24-388903
- 73 Beverly Park Ln
- Beverly Hills CA
- $89,900,000
- 9 Bed | 22 Bath | 28,500 SqFt
- 2.68 Acres
- MLS® #: 24-387189
- 9904 Kip Dr
- Beverly Hills CA
- $88,000,000
- 10 Bed | 22 Bath | 24,757 SqFt
- 19.82 Acres
- MLS® #: 24-384393
- 27832 Pacific Coast Hwy
- Malibu CA
- $85,000,000
- 6 Bed | 8 Bath | 8,775 SqFt
- 2.27 Acres
- MLS® #: 24-386085
- 107 Delfern Dr
- Los Angeles CA
- $75,000,000
- 10 Bed | 19 Bath | 21,000 SqFt
- 1.88 Acres
- MLS® #: 24-440479
- 22368 Pacific Coast Hwy
- Malibu CA
- $69,500,000
- 9 Bed | 14 Bath | 11,074 SqFt
- 0.59 Acres
- MLS® #: 25-481023
- 10697 Somma Way
- Los Angeles CA
- $68,888,000
- 8 Bed | 21 Bath | 41,000 SqFt
- 1.68 Acres
- MLS® #: 23-310237
- 9650 Cedarbrook Dr
- Beverly Hills CA
- $68,000,000
- 19 Bed | 33 Bath | 78,000 SqFt
- 27.59 Acres
- MLS® #: 24-404851
- 410 Trousdale Pl
- Beverly Hills CA
- $68,000,000
- 5 Bed | 10 Bath | 18,000 SqFt
- 1.99 Acres
- MLS® #: 24-413783
- 2571 Wallingford Dr
- Beverly Hills CA
- $68,000,000
- 12 Bed | 24 Bath | 38,000 SqFt
- 5.2 Acres
- MLS® #: 24-458201
- 28026 Sea Lane Dr
- Malibu CA
- $67,500,000
- 4 Bed | 5 Bath | 3,795 SqFt
- 0.43 Acres
- MLS® #: 22-167741
- 1005 N Alpine DR
- BEVERLY HILLS CA
- $65,000,000
- 4 Bed | 6 Bath | 4,351 SqFt
- 2.66 Acres
- MLS® #: 24-463937
- 133 S Mapleton DR
- LOS ANGELES CA
- $65,000,000
- 9 Bed | 14 Bath | 26,522 SqFt
- 1.1 Acres
- MLS® #: 24-435519
- 11740 Crescenda St
- Los Angeles CA
- $64,500,000
- 8 Bed | 13 Bath | 20,000 SqFt
- 3.54 Acres
- MLS® #: 24-444897
- 942 N Alpine Dr
- Beverly Hills CA
- $62,000,000
- 6 Bed | 7 Bath | 12,294 SqFt
- 0.85 Acres
- MLS® #: 24-437007
- 200 S Mapleton Dr
- Los Angeles CA
- $61,500,000
- 10 Bed | 13 Bath | 17,000 SqFt
- 1.3 Acres