Silver Lake - Echo Park Market Round-Up: February - March 2009

2420 Moreno Drive

Single Family Home Market. 28 single family homes sold in Silver Lake – Echo Park in the months of February and March 2009, an average of 14 homes a month.

The two highest priced sales were 2420 Moreno Drive and 2130 Kenilworth Avenue – both in the desirable Moreno Highlands neighborhood – which sold for $1,275,000 and $1,150,000, respectively.

2130 Kenilworth Drive

Much of the sales activity was at the low end – just under half of the single family homes sales were under $400,000. Just under a third of all sales were bank-owned (REO) properties.

Because of this flood of bank-owned properties, the median sale price was $460,000 for February and March. Consider that for all of 2008, the median sale price of a Silver Lake – Echo Park home was $637,500.


The inventory is moving. As of March 2009, nearly 20% of homes on the market are in contract. As recently as six months ago, only 7% of homes were in contract. This should be taken as a positive sign – buyer demand is strong, and the excess inventory (mostly of REO properties) is being burned off.

Scholarships for women studying ICT

Supporting the communities in which we work has always been important to Googlers. Consequently we’re happy to announce that applications are now open for the 4th annual Google Australia and New Zealand Anita Borg Scholarship.

We've simplified the application process this year, and it will remain open until June 1, 2009. Scholars and finalists will be selected on the basis of their academic strength, demonstrated leadership and community involvement. Scholars also receive a financial stipend.

In addition, we invite all finalists and scholars to an all-expenses paid networking retreat in our engineering centre in Sydney. The retreat provides an opportunity for students to connect; form friendships; discuss new technologies, opportunities and challenges; and participate in fun activities with their peers and industry professionals. Over the past three years, we've hosted close to 50 finalists and scholars studying computer science and related technical fields from 20 different Australian and New Zealand universities. We’ve been pleased to see the community grow year on year, with past alumni establishing student and industry networking groups in their home states, organising state-wide events for girls at high school, and becoming emerging leaders in industry and academia.

Check out the profiles of last year's scholars and finalists to find out which ones might be similar to you.

Applications close June 1, 2009. For complete details, please visit www.google.com.au/anitaborg.

As ever we look forward to expanding the scholarship, so please feel free to share details with others who might be interested!

Will Blott, Talent & Outreach Programs Manager, Google Australia & New Zealand