May 16, 2008

Sold in Silver Lake

With all the down news about home sales, I thought I’d look on the bright side for a moment and spotlight some of the places that have sold recently. There are actually 39 recorded sales in the 90039 zip code in the past 3 months, not too bad. For those of you out there looking, here’s a few of the ones that have been snapped up, for comparision’s sake.

• 2662 Lake View Avenue, sold for $805,000 in late April.
• 1881 Lucile, a 2/1 with 960 square feet that sold for $415,000 in March.
• 2207 West Silver Lake, a 3/2 facing the reservoir that sold for $1.12 in March. Before that, it sold for $1 million even in 2006, so the sellers did OK for themselves.
• 2844 Angus, a 2/1 built in 1928 that went for $649,000 in late April. Again, the sellers did OK - they purchased it in in 2002 for $489,000.

So not everything out there is a foreclosure or a short sale. It’s quite obvious at this point that real estate isn’t always a winning game, but smart, careful buyers can become happy sellers, even in a bad market. How’s that for optimism?