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Silver Lake | Echo Park Housing Market Report 2011

03-04-12

Jane Peters - Los Angeles Real Estate (310-473-6919)

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Office: (310) 473-6919

Mobile: (310) 351-9208

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.

Silver Lake and Echo Park Market Report

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 only down slightly.

Silver Lake Over $1M

Above $1 Million is also a pretty health sellers market. Except for the last three months of the year, the number of sold listings was up significantly over the previous year. The median price was also only down slightly.

The Silver Lake and Echo Park condo market is also doing well. Sales in 2011 were way up over the previous year, even though the median dropped more than the single family homes. There is not a huge condo market in Silver Lake and Echo Park and good units that come on the market are going to sell fairly quickly. So Echo Park and Silver Lake condo sellers, now is a great time to put your homes on the market.

SEARCH SILVER LAKE AND ECHO PARK HOMES FOR SALE

Showing properties 1 - 15 of 121. See more Silver Lake and Echo Park Homes for Sale.
(all data current as of 3/4/2012)

$1,949,000 : 2284 Hidalgo AVE, Los Angeles

3 beds, 3.0 baths

Home size: 4,000 sq ft

Lot size: 10,000 sq ft

Year built: 2010

Parking spots: 3

Days on market: 2
$829,000 : 2112 DUANE ST, Los Angeles

3 beds, 2.0 baths

Home size: 1,454 sq ft

Lot size: 7,350 sq ft

Year built: 2012

Parking spots: 2

Days on market: 2
$599,000 : 2336 Berkeley Avenue, Los Angeles

2 beds, 2 full baths

Home size: 1,044 sq ft

Lot size: 7,286 sq ft

Year built: 1920

Parking spots: 5

Days on market: 3
$399,500 : 3670 Valleybrink Road, Atwater Village

3 beds, 1 full bath

Home size: 1,088 sq ft

Lot size: 5,200 sq ft

Year built: 1923

Days on market: 5
$425,000 : 2326 Riverside Drive, Los Angeles

3 beds, 2 full baths

Home size: 1,098 sq ft

Lot size: 1,770 sq ft

Year built: 1913

Parking spots: 1

Days on market: 6
$829,000 : 2248 PANORAMA TER, Los Angeles

4 beds, 2.5 baths

Home size: 1,876 sq ft

Lot size: 6,098 sq ft

Year built: 1964

Parking spots: 2

Days on market: 6
$630,000 : 626 Tularosa Drive, Silver Lake

5 beds, 2 full baths

Home size: 2,240 sq ft

Lot size: 7,500 sq ft

Year built: 1908

Days on market: 6
$829,000 : 843 E KENSINGTON RD, Los Angeles

4 beds, 3 full, 1 part baths

Home size: 2,722 sq ft

Lot size: 9,201 sq ft

Year built: 1901

Days on market: 6
$441,900 : 4009 Baywood Street, Los Angeles

3 beds, 3 full baths

Home size: 1,783 sq ft

Lot size: 8,249 sq ft

Year built: 1923

Parking spots: 2

Days on market: 9
$665,000 : 2559 CORRALITAS DR, Los Angeles

2 beds, 1 full bath

Home size: 1,140 sq ft

Lot size: 7,361 sq ft

Year built: 1929

Days on market: 10
$350,000 : 3158 Atwater Avenue, Los Angeles

3 beds, 2 full baths

Home size: 1,139 sq ft

Lot size: 6,600 sq ft

Year built: 1931

Parking spots: 1

Days on market: 11
$1,200,000 : 2658 Lake View Terrace, Los Angeles

3 beds, 2 full, 1 part baths

Home size: 1,879 sq ft

Lot size: 8,159 sq ft

Year built: 1948

Parking spots: 2

Days on market: 12
$200,000 : 1407 W 2ND ST, Los Angeles

3 beds, 1.0 baths

Home size: 1,011 sq ft

Lot size: 4,180 sq ft

Year built: 1898

Parking spots: 1

Days on market: 12
$769,000 : 1400 N CORONADO ST, Los Angeles

3 beds, 2 full baths

Home size: 1,756 sq ft

Lot size: 5,625 sq ft

Year built: 1932

Parking spots: 2

Days on market: 12
$499,000 : 3428 GARDENSIDE LN, Los Angeles

3 beds, 2.0 baths

Home size: 1,138 sq ft

Lot size: 7,200 sq ft

Year built: 1926

Parking spots: 1

Days on market: 12

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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Echo Park Market Report, November 2011

11-24-11

Jane Peters - Los Angeles Real Estate (310-473-6919)

view my blog
Office: (310) 473-6919

Mobile: (310) 351-9208

Echo Park is a highly desirable area near Downtown Los Angeles, and homes don’t generally stay on the market there too long.

A sellers’ market is one where the inventory is below 6 months. A buyers’ market one where it is above six months. Palms Community And six months’ inventory is a stable market.

Median price is the price at which half the homes sold above this price and half below. Average sales price does not accurately reflect the trend since one extremely high-priced or one extremely low-priced home is going to skew the statistics.

The MLS does not show median days on the market, only an average, and again, one home selling quickly or very slowly is going to affect that figure.

I show price per square foot for homes currently on the market, but this really is not a fair measure since there are so many variables affecting that price.

Bearing in mind that Echo Park really is not an area with a high number of condos, let’s see how Echo Park real estate has been doing.

Echo Park Market Report November 2011

Echo Park single family home sales are fairly steady in number of sales, median price and days on the market. Also sales price vs. list price is high.

The Echo Park condo market is limited but steady.

Previous Echo Park Market Reports

Echo Park Real Estate Market Report – February 2011

Echo Park Real Estate. How is the Market Doing?

Echo Park Real Estate Market Trends, May 2010

Other Los Angeles Neighborhoods

Atwater Village	Hancock Park	Playa del Rey
Bel Air	Hollywood	Playa Vista
Beverly Center – Miracle Mile	Hollywood Hills Eas t	Rancho Park
Beverly Hills Post Office	Hollywood Hills West	Santa Monica
Beverlywood	Holmby Hills	Studio City
Brentwood	Los Angeles	Sunset Strip
Carthay	Los Feliz	Venice
Century City	Malibu	West Hollywood
Cheviot Hills	Marina del Rey	West Los Angeles
Culver City	Mar Vista	Westchester
Downtown Los Angeles	Pacific Palisades	Westwood
Echo Park	Palms	Wilshire Corridor

Search Los Angeles Homes for Sale by Zip Code

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Return to Los Angeles Real Estate Information Page

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Echo Park, Los Angeles, Wine Bar = City Sip!

09-23-11

Jayne Clement Los Angeles Short Sale Agents

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Mobile: (213) 309-5005

My new favorite wine bar...City Sip in Echo Park! This small, charming place will envelop you in warmth the minute that you walk through the door.

Echo Park Los Angeles Wine Bar, City Sip

One of the unique perks of this place is that you can buy a bottle of the wine that you’re drinking and take it home with you! Love that! I’m always falling in love with a new wine that I’ve tried while I’m out...and I try to remember it, maybe even write down the name of it...but I never have the info with me when I finally end up at a wine store and desperately wish I could remember the name of that great wine...!

Echo Park Los Angeles Wine Bar, City Sip

This place is wonderful...the wines are on the lower price end, yet I’ve never been disappointed. They offer an amazing menu of appetizers and cheeses. OH! And the desserts are to die for!

Echo Park Los Angeles Wine Bar, City Sip

They have a happy hour Monday through Friday from 5:30P-7P, with wines starting at $4 a glass and the beers on tap are $4/glass, and they have a great assortment of $5 happy hour nibbles to munch on!

On Saturdays from 5-7P they offer a wine tasting of 3 flights and and 2 cheeses for $15. And on Sundays, from 9-11P they offer all “opened wine” at half price.

Echo Park Los Angeles Wine Bar, City Sip

One of the most fun things are their wine classes. Come and get some schoolin’ in classes with names like “The T & A of Wine,” (Tannins and Acidity...that’s what you were thinking, right?!) and “Latin Lovers,” the wines of Chile, Spain and Portugal.

Stop in this weekend if you’re around...I’ll be at the table in front by the window. ;-)

City Sip
2150 W. Sunset Blvd., Echo Park, 90026

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The Grand Ole Echo - Country Music & Sunday BBQ - April through September in Echo Park

04-16-11

Jenny Durling- Search Silver Lake homes for sale. Los Feliz, Eagle Rock, L.A. CA

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Office: (323) 300-1172

Mobile: (213) 215-4758

The Grand Ole Echo - Country Music & Sunday BBQ - April through September in Echo Park

Just because we are LA doesn't mean can get our country grove on in the Spring and Summer time! The Grand Ole Echo Americana and country music festival has kicked off it's season for the 6th time now.

Join hundreds of folks as they gather in Echo Park now through September every Sunday night at 5:30. Relax out on the Ole Echo backporch and enjoy some good ole' fashioned BBQ and lemonade and listen to the acoustic sounds of country and folk music.

Some of the best county bands in LA come out to party, dance and eat up the fixin's. Local bands include Mike Stinson and former members of the Blasters, The Black Crowes and members of the Wilco.

Located at 1822 Sunset Boulevard in Los Angeles in the Echo Park Neighborhood the Grand Ole Echo offers artists from all over the southern California area including those right in LA and beyond. Americana music is a combination of so many different kinds of music that you can usually find something to enjoy while visiting.

Come every Sunday or just when it suits you. It's an early venue from 5:30 - 9pm every Sunday so come and have dinner and kick back to enjoy the sounds of the local country hills.

The event is free and suitable for all agents. Costs for BBQ range from $5 - $12 depending on portion and choice. The following is the local line up through Summer. More bands are sure to follow as we get a little closer toward the Fall.

Upcoming Grand Ole Echo Shows!

Sunday April 17th: Dafni, Ladies Gun Club, Rick Shea

Sunday April 24: No Show/Easter

Sunday, May 1st: Waiting for confirmations

Sunday May 8th: Waiting for confirmations

Sunday May 15th: Haymaker, Sara Petite, Brian Whelan

Sunday, May 22nd: John Goraj, Michael & the Lonesome Playboys, The Whispering Pines

Sunday, May 29th: No Show/Memorial Day...See you at Topanga Days Festival!

Sunday, June 5th: Brett Detar, Eric Shea, Old Californio

Sunday, June 12th: Dan Krikorian, Patrolled by Radar, Leo Rondeau

Sunday, June 19th: opener waiting to be confirmed/ David Serby, Ted Russell Kamp CD release party

Sunday, June 26th: opener waiting to be confirmed/ Funeral Club, Kip Boardman

Sunday, July 3rd: No Show/ Holiday Weekend

Map of 1822 Sunset Boulevard in Los Angeles in the Echo Park Neighborhood

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Jenny Durling- Silver Lake area Realtor

Broker Associate Keller Williams Realty, Los Feliz
213-215-4758
http://www.LApropertySolutions.com
Copyright © 2011 By Jenny Durling * The Grand Ole Echo - Country Music & Sunday BBQ - April through September in Echo Park*

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Bidding wars in Echo Park

02-04-11

Jayne Clement Los Angeles Short Sale Agents

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Mobile: (213) 309-5005

Hard to believe that in today’s “Buyer’s Market,” that we’re actually experiencing any “bidding wars.” But, believe it.

On the so-called hot properties, it’s absolutely predictable. I’m working with a charming engaged couple looking to buy a home in the Echo Park area of Los Angeles. The majority of the listings that they receive don’t move them in any way. We get out to take a look at a few, but rarely does anything interest them enough to write an offer.

And then, the “new listing” will hit the market. We can usually even tell from the photos that this will be a “hot” one. A showing will then confirm it, but....too late, everyone at the Open House will have that same “starry eyed look,” the “fever” that we’re starting to get used to. Argh...here we go.

When these “few and far between” stellar homes in Echo Park hit the market there’s more than a bidding war...there’s a downright feeding frenzy. These homes are usually in the $550k-$650k range, usually in the hills, usually re-done, usually with charming “out door space.” Not only are they getting the asking price, but in both scenarios we’ve been involved with in the last couple months, they both went significantly over the asking price. Yikes.

At first it was hard for my buyer’s to wrap their head around this phenomenon. A “bidding war” in a Buyer’s market...how can this happen?! But we’ve been through two now...and lost both. Ugh. It’s always heart breaking. We’re getting better at the game though...also brancing out of Echo Park and moving further west...might as well, as we’re paying those prices anyway. ;-)

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