Home Prices in Elysian Valley
The median selling price of a home in Elysian Valley is now $550,000. Yikes. Last year it was $455,000. Wow. That’s an increase of $95,000 in one year – more than 20%. Holy… If your house in Frogtown is super-average its value increased by almost $100,000, or $7,917 per month, within ONE YEAR. Huge numbers! Huge. Homeowner + Frogtown = Genius. Genius.
Elysian Value House Values 2016
All signs point to a very bright future and increasing prosperity for Frogtown. Its proximity to Silver Lake, Echo Park, Atwater Village and Downtown Los Angeles make it the most appealing place along the LA Riverfront to buy property today. The market tells us prices continue to increase in Elysian Valley, however, a 20% increase in property values may not be sustainable over the long term. Unless Frogtown is the new Venice, which it may be, we shall see….
Is it Time to Sell in Frogtown?
Maybe. You own a home in Elysian Valley and you know your home is worth a fortune. That makes you a genius with a fortune in equity. Are you a fortune teller? Unless you a psychic genius who can see the future you don’t know what you don’t know.
My point of view is: it depends. It depends on your future plans. What are your goals? What do you want to do with your life? Here are the most common situations people thinking about selling are in… Continue reading
The LA River Revitalization Plan will be a reality, in some form, soon. I can’t wait!
Right after the end of football season the home buying and selling season begins. In Los Angeles the season starts in February and hits its stride in early Spring. Buyer activity peaks in early Summer and remains strong well into months ending in “ember,” beyond when we move the clocks forward and the days get shorter. It starts earlier here and ends later than in most parts of the country. LA real estate buyers and sellers are not as seasonal as those in other places. Our famous Southern California weather has a lot to do with that. Continue reading
Posted in Atwater Village, Cypress Park, Eagle Rock, Echo Park, Elysian Park, Elysian Valley, Franklin Hills, Glassell Park, Highland Park, LA Home Prices, Lincoln Heights, Los Feliz, Montecito Heights, Mt. Washington, Real Estate Market Statistics, Sell a Home, Silver Lake
Tagged Atwater Village Real Estate, Echo Park Homes For Sale, Silver Lake Realtor
The big news in California and the especially hot Northeast Los Angeles real estate market this year: welcome back. Welcome back to the mid 00’s. Home prices in Los Angeles County now equal or exceed those seen at the high-point of the market in 2006/2007 in most parts of town. Historically, home prices in California go up for a while and then they go down for a while. Every time they go back up the peak of the market is higher than the previous one. We are seeing that happen right now as property values and sales prices are hitting new highs in many neighborhoods.
The real estate market on what we loosely call the Eastside of Los Angeles last peaked in 2006/2007, crashed hard in 2008/2009, then “bounced along the bottom” from 2009 until the economic recovery started in late 2012. Prices started rising in most neighborhoods at the end of 2012 and have continued their ascent throughout 2013 and 2014.
2015 Real Estate Market Outlook
Will prices continue to rise in Los Angeles? Have they peaked? Is it a bubble? I’m not psychic, but all of the signals I see indicate prices will continue to rise in every Northeast Los Angeles neighborhood from Silver Lake to El Sereno, Echo Park to Eagle Rock, and everything in between. In an effort to figure it all out and put it all in perspective, here are the stats on 11 Eastside Los Angeles neighborhoods along with my perspective. Here are the ‘hoods in alphabetical order: Continue reading
Posted in Atwater Village, Cypress Park, Eagle Rock, Echo Park, El Sereno, Glassell Park, Highland Park, Lincoln Heights, Montecito Heights, Monterey Hills, Mt. Washington, Silver Lake
Tagged Eastside Real Estate Prices, NELA House Values
Looking for a great way to generate some passive income? This 4-unit apartment building for sale in Echo Park might be just what you need! Located just south of Sunset Boulevard and very close to the 101/110 interchange, “easy freeway access” is an understatement here.
Beauty is in the eye of the beholder, and, for some, this Echo Park fixer is quite fetching.
Residential Income Property Sales Statistics
Just like every other segment of the real estate market in the Silver Lake area, sales of residential income properties (duplexes, triplexes, fourplexes and apartment buildings) have risen in 2013 any way you look at it. Continue reading
2013 Silver Lake Echo Park Home Prices
Real estate market data for Silver Lake/Echo Park, Los Angeles, CA provided by Patrick Crane of Keller Williams Realty Los Angeles.
Home prices in Silver Lake and Echo Park are going up fast, again. If you have been out looking for a home to buy on the Eastside recently you already knew that!
Echo Park Home Prices for January 2013
Real estate market data for Echo Park, Los Angeles, CA 90026 provided by Patrick Crane of Keller Williams Realty Los Angeles.
Home prices in Echo Park have started off 2013 with a bang and continue to rise very rapidly.
This awesome 2 bedroom bungalow in Echo Park just hit the market and won’t last long…
Yes! It’s a great time to buy residential income property in Los Angeles, especially in rapidly gentrifying areas such as Echo Park, Silver Lake and Sunset Junction. Prices are going up fast and interest rates are still unbelievably low. Continue reading
New listing in Echo Park! There aren’t a whole lot of ’em this time of year so it’s cause for a small celebration. This small 2 bedroom, 1 bath contemporary bungalow in the foothills of Echo Park has been updated and upgraded in a big way. Continue reading