Glassell Park land – What the Numbers Tell U.S.A.

By | December 13, 2017

Real estate in Glassell Park, a side neighborhood adjacent to red-hot Mt. Washington and Highland Park – is in high demand. costs for Glassell Park land area unit rising and also the inventory of homes is shrinking, making a marketplace. however why is that this happening currently once the world was undiscovered for therefore long? Let’s scrutinize what the numbers tell U.S.A. concerning this special community.

Glassell Park could be a moderately various neighborhood settled in Northeast l. a. . Glassell Park resides south of Glendale, west of Eagle Rock and northeast of Mount Washington. This neighborhood is kind of mountainous and provides its residents with astounding views. throughout the housing boom of 2000 an outsized cluster of bourgeois folks affected to Glassell Park attributable to the cheap price and abundance of Craftsman homes. the typical temperature for the most popular month of the year, July, is seventy three degrees. the typical temperature for the coldest month of the year, December, is fifty seven degrees. Gregorian calendar month is that the month with the foremost precipitation at four.6 inches.

Area Vibes awarded Glassell Park a livability score of seventy two, terribly liveable, that is over the national average of seventy. Walk Score says that Glassell Park could be a sixty one, with a transit score of forty four and a motorcycle score of thirty eight. Therefore, Glassell Park is somewhat walkable, and a few errands will be accomplished by walking. there’s some public transportation with a score and not several bike lanes.

According to the 2000 U.S. Census, there have been twenty three,467 residents among the two.75 square measure neighborhood. This equates to eight,524 folks per square measure, that is average density for l. a. . The quality break down was as follows: Latinos: sixty six.1%, Whites: 13.7%, Asians: 17.4%, Blacks: 1.4% et al. one.4%. 51.5% of its residents were born abroad with the best 2 being North American country, 49.3% and also the Philippines, 16.2%. the typical age for residents was 30; this can be average for town and county of l. a. . nineteen of the residents WHO area unit twenty five and older have attained a four-year degree. There was four.8% of the population listed as veterans.

The median home financial gain in Glassell Park was $50,098, that is a mean figure for town and county of l. a. . the typical home size is higher compared to most components of l. a. at three.3 people. this can be twenty first over the national average. Renters reside in fifty six.2% of the housing stock; this can be fifty fifth over the national average. homeowners area unit the remaining forty three.8%, these figures area unit half-hour below the national average.

According to Zillow, Glassell Park homes area unit valued on the average at $713,700. this can be a nine.3% increase from last year and that they expect it to lift another two.6% next year. the typical worth of homes on the market is $675,000; this can be 148% over the national average. The market health is rated at three.8 out of ten compared to alternative markets across the county. the typical worth per square measure is $499, that is over the l. a. average of $448. the present market temperature is “cool” that is good for the buyers’ market. the typical worth of rent is $2,900, that is thirty third over the national average.

When shopping for and mercantilism land in Glassell Park, consumers associated sellers ought to consult an knowledgeable about land agent WHO makes a speciality of the world.

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