Silver Lake's Real Estate Market in August 2023! 🏡🔑

 

 

Are you looking to dive into the real estate market in Silver Lake's 90026 zip code? If so, you've come to the right place! I'm Kenny Linares, a dedicated realtor at JohnHart Real Estate, and I'm excited to give you an insider's perspective on the current state of the housing market in this vibrant and eclectic neighborhood.

 

As of August 2023, the Silver Lake 90026 area boasts some noteworthy statistics that will surely pique your interest. Let's take a closer look at the numbers:

 

Active Listings: 29 

Median Sold Price: $1,460,000 

Median List Price: $1,299,000 

Price Per SqFt: $844 

Days on the Market: 19 

Homes Sold: 10

 

These numbers tell a compelling story about Silver Lake's real estate market, and here's what you need to know:

 

 

         Strong Demand with Limited Inventory

 

With 29 active listings and only 10 homes sold in August, it's evident that demand in Silver Lake remains strong. The median list price of $1,299,000 underscores the desirability of this neighborhood, with buyers willing to invest in the unique character and charm it offers. However, the limited inventory indicates that it's a competitive market, and buyers need to act swiftly when they find the right property.

 

Median Sold Price Reflects Value

 

A median sold price of $1,460,000 shows that Silver Lake offers value for your investment. Whether you're a first-time homebuyer or looking for a great investment opportunity, this neighborhood has something to offer for everyone. The community's diverse architecture, scenic views, and proximity to amenities contribute to its appeal.

 

Quick Turnaround Time

 

Homes in Silver Lake tend to spend an average of 19 days on the market. This rapid turnover suggests that sellers in the area can expect a reasonably quick sale, provided their property is priced competitively and well-presented. For buyers, it emphasizes the importance of being prepared and pre-qualified to make a strong offer.

 

A Thriving Community

 

Beyond the statistics, Silver Lake's 90026 zip code is known for its thriving cultural scene, scenic reservoir, and an array of trendy restaurants, cafes, and boutiques. The neighborhood's artistic spirit and sense of community make it a sought-after destination for those seeking an urban lifestyle with a touch of Bohemian charm.

 

 

If you're considering buying or selling a single-family home in Silver Lake, now is an exciting time to explore your options. As a realtor with JohnHart Real Estate, I'm here to guide you every step of the way, providing expert advice and personalized service to meet your specific needs.

 

Whether you're drawn to Silver Lake's bustling music scene, the tranquil beauty of the reservoir, or the eclectic mix of architectural styles, I can help you find the perfect home or market your property to potential buyers.

 

Don't hesitate to reach out to me, Kenneth Linares, for a personalized consultation. Let's work together to make your Silver Lake real estate dreams a reality!

 

📍 JohnHart Real Estate 

☎️ (310) 299-6808 

📧 kenneth@jhagents.com

 

I look forward to helping you navigate the vibrant and dynamic Silver Lake real estate market. Let's embark on this exciting journey together!