In L.A.’s High-Low Market, New Highs in Silver Lake and Echo Park

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Today’s report on home sales told us the L.A. real estate market is in its worst slump in 12 years. But it’s a weird, schizophrenic, high-low market -- prices are still rising in trendy neighborhoods all over town, as Curbed LA points out tonight.

Silver Lake (pictured): A six-bedroom compound with a pool and city views: $3.495 million, causing a reader to remark, ‘I can’t remember a home price even close to this. It’s off the charts and not even on the fancy side of the lake.’

Also pricey enough to merit its own post, an Echo Park spec home designed and built by Judson Williams will list for $800,000. Curbed LA’s comment: ‘Zut alors! $800,000 in Echo Park!’

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Photo Credit: CLAWMLS via Curbed LA