Monday, October 24, 2016

August Real Estate Results: Buyers bid up Glassell Park prices


Glassell Park was one of the standouts on the Eastside real estate scene in August, according to Redfin’s Monthly Real Estate Tracker.   The median price of homes sold in August rose 16.9% compared to the same month last year to $752,500.  That jump in the median was much higher than in such adjacent neighborhoods as Eagle Rock, Highland Park and Mt. Washington.

Citywide, the median increased 7.9% in August to $615,000 while sales edged up 1.5 % on a year-over-year-basis.  In contrast, the overall Eastside market, which stretches from Silver Lake to East Los Angeles, posted an 11.1% increase in the median sales price to $650,000.

Here’s a summary of the July results – median sales price, the increase from last year and the number of days on the market – for  some of Eastside markets:









* The Eastside figures reflect sales activity in Atwater Village, Boyle Heights, Cypress Park, Eagle Rock,  East Los Angeles (unincorporated), Echo Park, El Sereno, Glassell Park, Hermon, Highland Park,  Lincoln Heights, Montecito Heights, Monterey Hills. Mt. Washington and Silver Lake.

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