Market Report and Real Estate Trends for Silver Lake

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Silver Lake is located just five miles north of downtown Los Angeles. The city was built around The Silver Lake Reservoirs, which comprise of two basins. The lower body, Silver Lake, was named after a local politician, Herman Silver, who helped create the reservoir and also gave the name to the city. The upper body of water is called “Ivanhoe” after Sir Walter Scott’s 1819 novel, which was the original name of the city. Today, only Ivanhoe remains online and supplies water to the area.

Silver Lake is known for its restaurants and hipster hangouts. It has become home to many artists, musicians, writers and creative people as well as many film studios and street festivals. Walt Disney built his first large studio in the city in the 1930s.

The neighborhood has several public and private schools. In 2008 the city estimated that the population was 32,890. The median age for residents was 35 which is about average for Los Angeles.

Welcome to our new Market Report for Silver Lake California.  This page display a condensed view of active, under contract, and sold home listings. Aggregate data - averages such as list price and days on market - are also displayed for each section. A market report represents a moment-in-time snapshot of the market.  It is updated daily and goes back 30 days. Bookmark this page for the freshest real estate data and trends available directly from the Multiple Listing Service (MLS).

If you'd like to receive monthly market report emails with a link to an updated market report, just click on Sign Up for Monthly Reports button above. You can also create your own Customized Market Report for any Los Angeles county area or neighborhood by clicking Create Your Own Market Report above.

So here you go... and let us know what you think!

Active Properties: Homes that are currently being marketed for sale but do not have a purchase agreement.

  • Days on Market (DOM): Number of days the property has been on the market.
  • List Price: The price that a home seller is currently asking.

LEARN MORE:  How to Buy a House

Properties Under Contract (Pending and Back Up Status): Listings for which a contract has been signed and the property is in escrow.  These homes can be looking for back up offers or all the contingencies have been removed by the buyer making it a very solid transaction. The actual contract price does not become public record until the property has sold and the new owner information has been recorded.

  • Days on Market (DOM): The marketing period of the property before a sales agreement was signed.

LEARN MORE: What are the expected closing costs when buying a home?

Sold Properties: Properties that have closed in the last 30 Days.

  • Sold Price: The price for which a property sold.
Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1310 N Occidental Blvd 2 1 926 $950,000 $1,025 17 days
1847 Fanning Street 3 3 2,140 $1,650,000 $771 8 days
4205 Santa Monica Boulevard N/A N/A N/A $2,950,000 Unknown 358 days
2608 Corralitas Drive 3 3 2,500 $1,799,950 $719 297 days
Average: 2.7 2.3 1,855 $1,837,487 $838 170 days
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Viewing 1 - 4 of 4

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.