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Echo Park California Market Report - December '09

Echo Park is one of the top growing areas in the U.S.  It's proximity to down town, spectacular views and still affordable housing by Los Angeles standards, draws a diverse population and a good place for first-time home buyers to investigate.

The statistics below, cover the major Echo Park areas (90026), are taken directly from the MLS and are for single family homes.  They also don't take into consideration condos, income property and private sales.

There were 10 sales in the month of December. The most expensive home sold was $786,000 in the hills and $865,000 in the flats. There were only 9 sales in December '08.

The median sales price was $480,000 approximately a 25% decrease over December '08.

Average days on the market for sold properties was 65, down from 105 in December '08.

Below is a breakdown of last month's activity in the Echo Park area of Los Angeles:

 

Echo Park Statistics

Echo Park Statistics

 

 

 

Jane Peters, connecting you to the L.A. real estate scene

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

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7 comments • Jane Peters - Los Angeles Real Estate DRE# 01439865 • January 26 2010 11:19AM

Comments

I've been through there. I like the location too. It looks like the recovery is going to take longer though in the inland empire and the central valley.
Posted by Carlos B (TreeHouseForRent.Com) over 2 years ago

Carlos, that is for sure.  They really got hit hard.  Thanks for coming by.

Posted by Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l) over 2 years ago

Jane, move east, and give up all the tropical airs! We can put you up right nicely here in Charlotte for a mere pittance!

Posted by Jane Cross (Homes By Cross serving Charlotte NC Real Estate Needs) over 2 years ago

Jane,  yeah, I know and then you will have me doing the cooking and cleaning!

Posted by Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l) over 2 years ago

... 65 dom ... down from 105 ... thats the exciting stat !

Hope the trend continues, and you get a nice early spring rush !

Cheers from Narbonne !

Sheldon :o)

Posted by Sheldon Neal ~ That British Agent ~ Bergen County NJ (Bergen County, NJ - RE/MAX Real Estate Limited) over 2 years ago

Sheldon, merci bien.  A bientot, et stay out of trouble.

Posted by Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l) over 2 years ago

... I'm never in trouble ;o)

Posted by Sheldon Neal ~ That British Agent ~ Bergen County NJ (Bergen County, NJ - RE/MAX Real Estate Limited) over 2 years ago

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