Home Prices in Silver Lake for November 2012
Real estate market data for Silver Lake, Los Angeles, CA provided by Patrick Crane of Keller Williams Realty Los Angeles.
The fall real estate season has started off with a bang in the Silver Lake and Echo Park area of Los Angeles! The number of single-family homes sold in Silver Lake/Echo Park jumped by 67% in the past 30 days versus the same time period last year. The median price of a home sold in the Silver Lake/Echo Park area rose 43% over the same time period – this year’s median price in $620,000, while last year’s was $435,000. Average sales prices showed a 29% gain at $626,000 this year versus 2011’s $484,000. The average sales price per square foot of a Silver Lake/Echo Park home sold in the past 30 days was $314; last year’s figure is $314, for an increase of 30%. Have home prices in the Silver Lake area risen 30% this year? According to these statistics, yes. All signs indicate prices in the 90026 & 90039 zip codes are rising quickly and will continue to do so as we go forward into 2013.
What’s my Silver Lake home worth?
For a current analysis of your home’s value and more information on the Silver Lake/Echo Park real estate market call me directly at (310) 709-4128 today!