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Echo Park home prices jump in September; hot pink Silver Lake Spanish sells for $1.9 million

By JEFFERY MARINO

Home prices increased just 3.8% in the city of L.A. this September – the lowest price appreciation  since June 2012, according to a recent report from real estate brokerage, Redfin. But the Eastside was an exception as it contained some of the most competitive markets in all of L.A.  Many Eastside neighborhoods saw the typical home sell within 15 days and above asking price.

The median sale price last month in Highland Park, for example, topped $600,000 – a record for the once-affordable ‘hood. Prices skyrocketed in Echo Park, where the median price of homes sold last month was $735,900, which is more than $200,000 higher than just one year ago. Part of last month’s increase reflected a trio of sales at the pricey Blackbirds development in Elysian Heights, where sales ranged from the $800,000 to the $900,000 range. However, there was also $1.2 million sale on Lakeshore Avenue that bumped the median price higher.

Below are examples of some of the recent Eastside sales. Mount Washington, Echo Park, Eagle Rock and Atwater Village all had home sales in the million-dollar range over the past month. A giant, hot pink Spanish revival in Silver Lake sold for nearly $2 million. On the bright side, you can still get a cozy home with a pool in El Sereno for under $500,000.

Atwater Village Area

Photo courtesy Redfin

3505 Larga Ave. 3 bed, 2 bath
Sales Price: $1,000,000

See all recently sold properties in Atwater Village

Boyle Heights Area

Photo courtesy Redfin

971 Hollins St. 2 bed, 1 bath
Sales Price: $405,000

See all recently sold properties in Boyle Heights

Eagle Rock Area

Photo courtesy Redfin

5051 Eagle View Cir. 4 bed, 3 bath
Sales Price: $1,500,000

See recently sold properties in Eagle Rock

Echo Park Area

Photo courtesy Redfin

1742 Kent St. 2 bed, 3 bath
Sales Price: $980,000

See recently sold properties in Echo Park

El Sereno Area

Photo courtesy Redfin

5273 Almont St. 2 bed, 2 bath
Sales Price: $445,000

See recently sold properties in El Sereno

Glassell Park Area

Photo courtesy Redfin

3783 Lavell Dr. 3 bed, 2.25 bath
Sales Price: $864,000

See recently sold properties in Glassell Park

Highland Park Area

Photo courtesy Redfin

6103 Mt. Angelus Dr. 2 bed, 2 bath
Sales Price: $726,000

See recently sold properties in Highland Park

Lincoln Heights Area

Photo courtesy Redfin

253 South Ave. 18 3 bed, 2 bath
Sales Price: $475,000

See recently sold properties in Lincoln Heights

Mount Washington Area

Photo courtesy Redfin

851 W. Ave. 37 3 bed, 2.5 bath
Sales Price: $1,053,000

See recently sold properties in Mt. Washington

Silver Lake Area

Photo courtesy Redfin

1975 Redesdale Ave. 5 bed, 4 bath
Sales Price: $1,995,000

See recently sold properties  in Silver Lake

Real Estate Trends & photos from Redfin.com

Jeffery Marino is a writer and real estate expert at Redfin. He lives in Atwater Village.

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