Los Angeles Living

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.  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.

If you are buying or selling Echo Park real estate, find out how the market is doing on a monthly basis.

 

In a follow up to my previous story about Maria the Echo Park Goose who was to be relocated, with all the other geese and ganders at the lake, it turns out that Maria is in fact Mario!

The now famous gander was moved to the L.A. Zoo for her own protection. You know, the price of fame. It was there that the mistake was discovered. In any event, Mario will be quarantined at the Zoo for a month and then put on display.

Dominic, his longtime friend at Echo Park Lake, was him this week and reported that Mario did seem a little disoriented. Hopefully he will get used to his new quarters and new friends.

Meanwhile the draining of Echo Park Lake will take 2 years and cost $64.7 million.

Echo Park Los Angeles is a culturally diverse neighborhood near downtown Los Angeles. If you are thinking of buying or selling a home in Echo Park you may want to check out the latest housing market statistics. The Echo Park real estate report below is for single family homes over 2010. Condos are a small part of the Echo Park real estate market. Also, the boundaries of Echo Park are rather loosely defined, and the Los Angeles Multiple Listing Service (MLS) combines Echo Park with Silver Lake for its home search purposes.

Echo Park Boundary Map

So the report below is a rough overview of last year's Echo Park housing trend

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Echo Park Real Estate is leaning towards a buyers' market. The average sales price is up a little, but the sales vs list price is down, and average days on the market are up. 6 months is a balanced market, and although the months supply of inventory is down slightly, at 6.90 months, this is a good time for Echo Park home buyers.

Map of Echo Park Los Angeles

View Echo Park 90026 in a larger map

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you're new to L.A. Town. You'll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs! When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available. If you are an absentee owner, you'll need someone to handle all the details that you can't handle remotely. That's where I come in - I'm there when you can't be. I also specialize in lease property in Los Angeles. Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City single family homes, Culver City condominiums
• Palms/Mar Vista Real Estate - Palms/Mar Vista single family homes, Palms/Mar Vista condominiums
• Silver Lake Real Estate - Silver Lake single family homes, Silver Lake condominiums
• Echo Park Real Estate - Echo Park single family homes, Echo Park condominiums

For more information on how I can best serve your Los Angeles real estate needs, please fill out the online contact form or give me a call at 310-473-6919.

Carroll Ave. is a historic, Victorian era street in the Angelino Heights area of Echo Park. Angelino Heights in Echo Park is one of the first suburbs of Los Angeles with unique architectural styles dominated by more than 50 Victorian era residences. Carroll Ave. showcases the best Queen Anne-Eastlake Victorians in the city, and more than a dozen of them have been designated Los Angeles cultural historic monuments. The 1300 block of Carrol Ave. is listed in the National Register of Historic Places. This historic designation helps preserve the architectural and historic integrity of Echo Park's Angelino Heights I wandered the street yesterday. These Victorian era residences are magnificent with spectacular views of downtown Los Angeles.

Carroll Ave. Echo Park, Los Angeles

Map of Carroll Ave. Echo Park

View 1321 Carroll Ave., Echo Park, Los Angeles in a larger map

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you're new to L.A. Town. You'll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs! When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available. If you are an absentee owner, you'll need someone to handle all the details that you can't handle remotely. That's where I come in - I'm there when you can't be. I also specialize in lease property in Los Angeles. Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City single family homes, Culver City condominiums
• Palms/Mar Vista Real Estate - Palms/Mar Vista single family homes, Palms/Mar Vista condominiums
• Silver Lake Real Estate - Silver Lake single family homes, Silver Lake condominiums
• Echo Park Real Estate - Echo Park single family homes, Echo Park condominiums

For more information on how I can best serve your Los Angeles real estate needs, please fill out the online contact form or give me a call at 310-473-6919.

Jane Peters knows L.A. Real Estate. Let me do the Work for You!

This house at 1149 Manzanita St., Echo Park is just waiting for its new owners.  Look at the ambassadors.

 

The Echo Park Los Angeles Housing Market statistics below are taken from the MLS CLAW and are for single family home only.  They do not include condos, income property or private sales.

Echo Park home sales figures look very good for May. The number of homes sold was up 300% over April and the median price was up by 6%. Days on the market for homes sold were down 67% a significant drop over the previous month and homes under contract were up 255%. The months supply of inventory indicates a good market for sellers.

This was an extremely strong month for Echo Park homes sales and we will see how it fares in June.  June may still be a good month as long as the California first-time home buyers tax credit funds stay solvent.

Search Echo Park Homes for Sale

 

Single Family Open Houses in Westwood and West Los Angeles,  Sunday, May 9th - 2:00 - 5:00 p.m.

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Search Silver Lake properties for sale

The Echo Park Los Angeles Housing Market statistics below are taken from the MLS CLAW and are for single family home only.  They do not include condos, income property or private sales.

Surprisingly the figures for Echo Park home sales are not as strong as one would have thought given that April saw the end of the federal home buyers tax credit.  The number of homes sold was flat and the median price was down and the days on the market were up quite significantly over the previous month. Also the months supply of inventory increased.

May will be an interesting month with the holdovers from April's tax credit and the California tax credit kicking in.

Search for Echo Park homes for sale

The statistics below are taken from the MLS and are for single family homes only in the 90026 area code.  They do not include condos, income property, or private sales.

The overall Echo Park Housing Market looks fairly strong for March.  The number of homes sold, median price, median list price vs sold price are all up quite significantly.  However days on the market for homes sold are up, as is the months supply of inventory.  The number of homes in escrow is down for March.

Search properties for sale in Echo Park California.