New Glassell Park Real Estate Updates and Exclusive Insights

Glassell Park is a charming neighborhood with unique homes for sale in Northeast Los Angeles. Tucked in between the hills of Mt Washington, Highland Park, and Eagle Rock. Glassell Park is a neighborhood with a rich history of rail and baking factories. The Glassell Park real estate market has been experiencing growth from trendy hipsters and middle-class families who have moved from nearby Silver Lake and Los Feliz attracted to the abundance of craftsman homes, breathing room, and relatively lower real estate prices. In this article New Glassell Park Real Estate Updates and Exclusive Insights, if you’re a current resident, prospective buyer, or simply curious about the local real estate scene, this report offers a comprehensive analysis of the Glassell Park real estate market from June 9, 2023, to September 9, 2023. We will also take a look at the strength of being a Glassell Park cash buyer, and the Glassell Park Homes Sold.

Glassell Park Homes For Sale in Diverse Price Ranges across Varied Transactions

Glassell Park’s real estate market is dynamic and offers properties catering to a wide range of budgets and preferences. Here’s a breakdown of properties sold in various price brackets, along with their average days on market (DOM):

Glassell Park Real Estate Market: Mid-Range Excellence

  •  The market started strong in the mid-range segment. In the $600,000 – $649,999 range, two properties were sold, both with a swift average DOM of 8 days.

Glassell Park Real Estate Market: In the $700,000s Range

  • The $700,000 – $749,999 range featured two properties sold, but with notably longer DOMs of 205 days and 205 days.

Glassell Park Real Estate Market: Stretching to Higher Budgets

  • One property in the $800,000 – $849,999 range was sold in 12 days.
  • Another property in the $850,000 – $899,999 range found a new owner in 19 days.

Glassell Park Real Estate Market: Entering the Million-Dollar Realm

  • Glassell Park showcased its potential in the million-dollar range. In the $950,000 – $999,999 range, five properties were sold with an average DOM of 120 days.

  • The $1,000,000 – $1,249,999 range featured 13 properties sold, each spending an average of 62 days on the market.

Glassell Park Real Estate Market: Strong Million-Dollar Presence

  • In the $1,250,000 – $1,499,999 range, four properties found buyers in an average of 70 days.

Glassell Park Real Estate Market: Luxury Living

  • The luxury segment displayed steady activity with three properties sold in the $1,500,000 – $1,749,999 range, averaging just 12 days on the market.

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Market Summary

In total, 31 Glassell Park homes sold during this period, with an average DOM of 71 days. The market displayed its diversity, with a minimum sold price of $635,000 and a maximum of $1,640,000. The average sold price stood at $1,092,773, with the median price at $1,075,000. With interest rate spikes pushing buyers out of the market if you were a Glassell Park cash buyer, you had a leg up towards Glassell Park homes for sale.

Glassell Park Real Estate Current Market

There is one condominium priced at $399,000 that is available for sale with a spectacular complex pool and view. If you are a Glassell Park cash buyer and grab $3,000 per month or $36,000 in adjusted gross income a year your market cap is a sweet 7.1%!

There are 14 single-family homes available that range from $744,000 to $1.868mil.

Glassell Park: A Tranquil Urban Oasis Beckons - Exploring its Allure and Real Estate Potential

The neighborhood remains relatively quiet, even with the arrival of new residents. Visitors come from across the region to enjoy the various parks and creation activities, including the Rio De Los Angeles State Park, which was opened on a former portion of Taylor Yard in 2007. The impressive park grounds include sports fields and restored wetlands.

The remaining part of Taylor Yard‘s 100 Hectare Property — the largest undeveloped parcel along the Los Angeles River – is currently undergoing restoration and inclusion in the planned Riverfront District, which extends from Piggyback Yard in Lincoln Heights to Atwater Village and Glendale.

This is a community connected to the city with a neighborhood feel. And although some might see Glassell Park as the gateway to the larger neighboring areas, it has an identity of its own, and the word is out.

The Glassell Park real estate market continues to attract buyers from different price points. With an average days on the market of 71 days for Glassell Park homes sold. Properties are moving steadily, and the neighborhood’s appeal remains strong. Reach out to us here at The Shelhamer Group with questions about properties in Glassell Park. Stay tuned for future updates as we continue to monitor and analyze the evolving trends in the Glassell Park real estate market.

The Glassell Park real estate market continues to attract buyers from different price points. With an average DOM of 71 days, properties are moving steadily, and the neighborhood’s appeal remains strong. Reach out to us here at The Shelhamer Group with questions about properties in Glassell Park. Stay tuned for future updates as we continue to monitor and analyze the evolving trends in the Glassell Park real estate market.

Glassell Park Market Analysis
David Clark Real Estate Advisor with The Shelhamer Group. Hurry California's Spectacular Dream For All Program Is Here, Dream For All Program, Down Payment Assistance, First Time Home Buyers, CalHFA Dream For All Loan

I am a Californian born here in Los Angeles. As a top graduate of the AACSB internationally accredited California State University of Los Angeles School of Business and Economics, I have accelerated my career as a residential real estate advisor by combining my passion for California history, writing, architectural preservation, and extensive sales background. My marketing and negotiation skills, combined with community outreach have helped me build a solid reputation with our clients.

I am a Senior Real Estate Specialist (SRES®) working closely in the communities that we serve with our mature clients. When I am not listing or selling some of California’s finest homes, I turn my focus to early 20th-century California collectibles. My e-commerce business Golden State Decor on Etsy celebrates the rich history of the Golden State with one-of-a-kind procured items while contributing directly to the California Conservation Corps Foundation. 

David Clark Real Estate Advisor with The Shelhamer Group. Hurry California's Spectacular Dream For All Program Is Here, Dream For All Program, Down Payment Assistance, First Time Home Buyers, CalHFA Dream For All Loan

Architectural Property Specialist DRE:02134556

 

A Californian born here in Los Angeles, David has spent his whole life in California. As a top graduate of the AACSB internationally accredited California State University of Los Angeles School of Business and Economics, he has accelerated his career as a residential real estate advisor combining his passion for California history, writing, architectural preservation, and extensive sales background.

David is a Senior Real Estate Specialist (SRES®) holding certifications in Probate and Trust Sales and Accessory Dwelling Units. His marketing and negotiation skills, joined with community outreach have helped him build a solid reputation with his clients.

Recently he represented a record-breaking sale for the most expensive home ever sold in Echo Park at 744 Sq. Ft. On the buying side, he knows the terrain, from negotiation, strategy, emerging markets, and the geographic pockets where the hidden gems lay. He continues to empower his clients with this knowledge, helping them get closer to building wealth and financial independence.

When David isn’t listing or selling some of California’s finest homes, he turns his focus to early 20th Century California antiques and collectibles. His e-commerce business Golden State Decor on Etsy celebrates the rich history of the Golden State with one-of-a-kind procured items while contributing directly to the California Conservation Corps Foundation.

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