|
Home values in Silver Lake have been on a steady and significant upswing since 2000. Anyone who bought then or before then will certainly have seen an appreciation in their property values. Many homeowners in Silver Lake did not manage their equity well and now we are seeing foreclosures in Silver Lake's zip codes 90027 and 90039. These foreclosures are not helping values, but they are doing much less damage than all surrounding areas. Banks and lenders usually value homes using the square footage of the house against the dollar per square foot of the most recent comparably sized homes in the same 1 mile area. For a detailed no-obligation analysis of your property's value contact Sky Minor or Rachel Mintz.
Here is a five year graph charting the home value index of Silver Lake (90039) and neighboring Hollywood through the boom and bust. As we can see, Silver Lake follows the movement of its' peers but is consistently valued higher.
Here is the other Silver Lake zip code-90027. This chart is over a longer period of time and compared to the entire city of Los Angeles. (Silver Lake is green, LA is blue).
And Here is 90026-the eastern edge of Silver Lake.
Valuation of real estate is highly localized. The old saying holds true- Location, Location, Location. For a no-obligation broker's price valuation of your propery, contact Sky Minor at 310-709-8283 or
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
|