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 Elysian Valley neighborhood of Los Angeles is home to one of the most thriving arts communities in Los Angeles. In fact, some even consider it to be the true arts district of Los Angeles. Once known as Frogtown, this LA River-adjacent community is a hotbed of gentrification and is one area where great deals on charming homes can be found in Northeast Los Angeles. Continue reading