Tuesday, October 25, 2016

Million-dollar home sales add up on the Eastside


From contemporary-style hillside homes in Silver Lake to a classic American Foursquare in Highland Park, about 60 Eastside homes sold for a million dollars or more during the first half of this year, according to a review of Redfin.com sales figures.

The sales counts are about even with the first half of 2014. But some neighborhoods, like Glassell Park and Highland Park, saw an increase in million-dollar sales.

What do you get for a million dollars on the Eastside? On average, most of the million-dollar homes came with 3 bedrooms and 2 baths in about 2,300-square-feet of space. Some of the largest homes, however, sprawled over 4,000 square-feet but one Silver Lake home that sold for $1.05 million had less than 1,000 square-feet of space.

Some other observations:

  • The majority of millon-dollar Eastside home sales took place in Silver Lake, where nearly 40 properties sold in the seven-figure range, with concentrations of pricey homes in the hills west of the reservoirs and to the east of Glendale Boulevard. But the neighborhood’s biggest sale took place somewhere in between on Baxter Street, where producer and actor Mark Duplass bought a six-bedroom, Barbara-Bestor designed home for $4.4 million.
  • After Silver Lake, Eagle Rock trailed a distance second in the million-dollar house sale derby, with about a half dozen homes selling in that price range during the first half of the year.
  • Glassell Park, which has been considered a lower priced alternative to surrounding neighborhoods,  was home to three million-dollar sales, including a $1.39 hillside and pool property that was among the biggest sales in Northeast L.A. during the first half of 2015.

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  1. $1 million condo right by the 5…wow.

  2. Over a million dollars for 1000sf?! Silver Lake’s nice and all, but that seems like a chump’s deal. I guess, if you (or more likely your rich parents) have the money, then smoke em while you got em. It’s not like homes in LA have ever radically lost value or anything.

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