Silver Lake Real Estate
Silver Lake is often referred to as the “Brooklyn of Los Angeles” but I believe that discredits the unique charm, culture and authenticity that continues to flourish in the area. Silver Lake isn’t a one-size fits all neighborhood, from the independent chic to the urban grit and lush green hills that beckon to creatives, celebrities, and professionals alike. It’s chock-full of local coffee shops, swanky nightlife bars and eclectic music venues with a decadent amount of indoor and outdoor cuisine, there really is something for everyone.
Sunset Blvd, Silver Lake Blvd, and Hyperion Ave offer an average walk score of 92. You will find serenity and quiet in many neighborhoods that push back into the gorgeous rolling hills. There are many homes with pristine panoramic views of our wonderful city but unlike Hollywood, the Silver Lake hills have a more family oriented touch. This is why the area is one of the most coveted and hottest real estate markets in Los Angeles. Home prices vary wildly depending on which schools you are nearest, and certainly, how high up into the hills you are!
Many world-renown and wildly influential mid century architects such as Richard Neutra, Rudolph Schindler, John Lautner, Frank Lloyd Wright, Gregory Ain and many others were commissioned to build these breathtaking residences which are peppered throughout the area. While many of these architects created avant garde and eccentric buildings throughout the 1940s’ 50s’ and 60s’ utilizing the million dollar views in unison with their post and beam architecture, bay view windows, gorgeous floor to ceiling fireplaces complimented by impeccable finishes has truly defined the style of Silver Lake with mid century modernism. There are also many True Spanish, Tudor and Mediterranean charmers complete with the stucco exteriors, ornate arches, dark wood details, and terracotta roof tiles. There are more architecturally significant homes per square mile in Silver Lake than in most other areas of Los Angeles.
The real estate market has remained consistent throughout the Covid-19 Pandemic. With many buyers rushing to buy homes, and historically low inventory in Silver Lake and the surrounding areas. The median in the area is $1,199,000 which is up steadily around .09% year over year. Popular can sell for about 3% above list price and go pending in around 12 days or less. The strong demand and tight inventory keep on pushing the prices higher in LA.
In this incredibly fast moving market with multiple bidders on single properties, you have to move quick and be committed to your choices. If you are looking for a home here, you will need a seasoned, meticulous and creative agent that specializes here. I am that agent. I grew up here and I know the landscape and market extremely well. I have proven strategies to make your offer stand out above the rest, and I will negotiate the absolute best deal for you whether you are a buyer or a seller. Let’s grab a coffee and devise a plan that works for you!
