Silver Lake has always been a more coveted and valuable area than many other parts of Los Angeles. With the recent gentrification, home values in Silver Lake have been on a steady and significant upswing since about 2000. Anyone who bought then or before then will have seen an appreciation in their property values. Some homeowners in Silver Lake did not manage their equity well and now we are seeing foreclosures in Silver Lake. The foreclosure activity is more concentrated in the Southern part of Silver Lake; zip codes 90029 and 90026. Bank foreclosures have had less of an impact on the real estate market in zip codes 90027 and 90039 than in surrounding zip codes in Los Angeles. The foreclosure/REO property sales are not helping real estate values, but they are doing much less damage to Silver Lake Real Estate prices than in other surrounding areas (Echo Park, Atwater Village, Koreatown). Silver Lake is an increasingly in demand neighborhood and will continue to upswing in the foreseeable future. For a detailed no-obligation analysis of your property's value contact Sky Minor or Rachel Mintz.

Below is a ten year graph charting prices through the real estate boom and bust. This graph shows the median home value index of the North West part of Silver Lake (90027) in comparison to the entire city of Los Angeles. For a detailed map of Silver Lake Zip Codes, go here. As we can see, Silver Lake follows the movement of the region at large, but is consistently valued higher. 2010 prices are about the same as 2005, which was well into the real estate bubble run up. This shows that Silver Lake Real Estate has retained its value very well. 90027 Real Estate is consistently outperforming Los Angeles Real Estate according to median prices.

Here is another prime Silver Lake zip code-90039. This chart is over a longer period of time again compared to the entire city of Los Angeles. (Silver Lake is green, LA is blue). Again, in late 2010 the prices are about what they were in 2004 during the real estate run up. Silver Lake property values have proven to be resilient and consistently higher than Los Angeles as a whole.

As more people and businesses move into Silver Lake, the demand for housing will continue to increase. As the gentrification continues, we will see the area become even pricier than it is now. With this in mind, buying Real Estate in Silver Lake would be a prudent investment.

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 property, contact Sky Minor at 310-709-8283 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it