Silver Lake is a beautiful upscale neighborhood that has become increasingly popular among luxury real estate buyers. The area features many carefully preserved houses displaying classic architectural styles. Over the past 20 years, Silver Lake has secured its status as an L.A. neighborhood that is both high-end and hip. Here’s an overview of how luxury Silver Lake real estate has evolved over the past two decades and where the market stands today.
Rising prices and capital appreciation
Here’s a market report for the greater Los Angeles area that includes Silver Lake over the past decade. As the chart on the first page shows, there has been massive capital appreciation for owners of Silver Lake real estate owners in the past decade. Increasing home values have helped to put Silver Lake on the map as a high-end neighborhood.
Silver Lake has a wide variety of unique and eclectic luxury properties. One factor that makes the neighborhood interesting is the preservation of early- to mid-twentieth-century homes. Today, in order to keep these homes current in terms of livability and modern design, property owners have made ongoing renovations. While many of these homes maintain their classic exterior features, interiors have tended to keep up with the times.
If you look at listings of Silver Lake real estate for sale, as well as properties in the nearby area, you will notice the unique ways in which older homes have modernized. In many cases, the exterior design of a vintage or antique Silver Lake home will be in the Spanish style, with materials like stucco and adobe tile on the roof. Inside, you can see the evidence of progressive renovations in the form of modern appliances, cabinets, and furnishings. Many Silver Lake homes have new hardwood and tile flooring. Overall, luxury Silver Lake homes tend to preserve their historic appeal while complementing it with comfortable modern renovations.
It is worth mentioning that, although only a small portion of the Silver Lake real estate for sale is entirely new construction, many Silver Lake homes built in the previous century now feature mostly new construction. For instance, you may find luxury properties in Silver Lake that were built in the 1920s-1950s period that feature around 90% new construction. While these homes will still be listed with their original year of construction, prospective buyers should be aware that many such houses are almost entirely new. This allows real estate buyers in Silver Lake to enjoy both the homes' historic beauty and the convenience of modern construction. New construction within older homes also allows homeowners in Silver Lake to maintain and preserve their properties with relative ease. Silver Lake homeowners enjoy the aesthetics of classic architecture with the durability of modern construction.
New homeowners and residents
Talk to a Silver Lake realtor to learn more
No one is better equipped to advise you on real estate trends in Silver Lake than an experienced Silver Lake realtor. Omni Homes Group is a team of highly skilled real estate agents specializing in luxury Los Angeles homes in Silver Lake, Los Feliz, Atwater Village, Echo Park, and Hollywood. Browse their selection of Silver Lake real estate for sale to find the perfect blend of modern luxury and historic elegance.