Glassell Park Real Estate - What the Numbers Tell Us

Real property in Glassell Park, a hillside community adjoining to red-warm Mt. Washington and Highland Park – is in high demand. Prices for Glassell Park real estate are growing and the inventory of houses is shrinking, growing a vendor’s marketplace. But why is this going on now whilst the place became undiscovered for goodbye? Let’s have a look at what the numbers inform us approximately this unique community.

Glassell Park is a moderately various community located in Northeast Los Angeles. Glassell Park resides south of Glendale, west of Eagle Rock and northeast of Mount Washington. This community is pretty hilly and presents its residents with astounding views. During the housing growth of 2000 a big organization of middle-elegance humans moved to Glassell Park due to the less expensive price and abundance of Craftsman houses. The average temperature for the hottest month of the 12 months, July, is seventy three ranges. The common temperature for the coldest month of the yr, December, is fifty seven tiers. January is the month with the maximum precipitation at 4.6 inches.

Area Vibes awarded Glassell Park a livability score of seventy two, very livable, that’s higher than the country wide average of 70. Walk Score says that Glassell Park is a 61, with a transit rating of forty four and a motorbike score of 38. Therefore, Glassell Park is truly walkable, and a few errands may be done with the aid of taking walks. There is a few public transportation with a rating and now not many bike lanes.

According to the 2000 U.S. Census, there have been 23,467 citizens in the 2.Seventy five rectangular mile community. This equates to 8,524 humans according to square mile, that is average density for Los Angeles. The ethnicity spoil down became as follows: Latinos: 66.1%, Whites: thirteen.7%, Asians: 17.4%, Blacks: 1.Four% and others 1.4%. 51.Five% of its citizens were born abroad with the highest being Mexico, forty nine.Three% and the Philippines, 16.2%. The common age for residents became 30; that is average for the city and county of Los Angeles. 19% of the residents who are 25 and older have earned a four-12 months degree. There become 4.Eight% of the populace listed as veterans.

The median family earnings in Glassell Park was $50,098, which is a mean discern for the town and county of Los Angeles. The common household size is higher compared to maximum components of Los Angeles at 3.3 human beings. This is 21% higher than the countrywide average. Renters reside in fifty six.2% of the housing stock; this is 55% better than the country wide average. Owners are the ultimate 43.8%, those figures are 30% lower than the national common.

According to Zillow, Glassell Park homes are valued on common at $713,seven hundred. This is a 9.Three% boom from final yr and they assume it to raise some other 2.6% subsequent yr. The average price of houses in the marketplace is $675,000; this is 148% higher than the national average. The market fitness is rated at three.Eight out of 10 in evaluation to different markets throughout the county. The average fee in keeping with rectangular foot is $499, that’s higher than the Los Angeles average of $448. The modern-day marketplace temperature is “cool” which is ideal for the Buyer’s market. The average fee of lease is $2,900, that is 33% better than the countrywide common.

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