Q1 Market Update | 2019
Los Feliz
Market Update
SILVER LAKE
sothebyshomes.com/0287790 Sold at $1,625,000
Significant Sales We invite you to explore our exclusive offerings at S OTHEBYSHOMES.COM
ALHAMBRA
Sold for $1,595,000
HANCOCK PARK
Sold for $1,395,000 VALLEY VILLAGE
Sold for $1,179,000 MOUNT WASHINGTON
Sold for $1,205,000 EAGLE ROCK
Sold for $1,549,000
*in order from left to right, top to bottom
sothebyshomes.com
Market Snapshot
Q1 Update | Greater Los Angeles
Closed Units vs ASP vs MSP
MARKET SHARE BY VOL.
Greater than $5M
Less than $1M
$1M - $5M
$1,200,000
9,500
$1,000,000
9,000
$800,000
8,500
$600,000
8,000
$400,000
7,500
$200,000
7,000
$0
6,500
Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1 2019
Less than $1M
$1M - $5M
Greater than $5M
Sold Units by Price Category 22 % 59% 19 %
Median Selling Price vs. Average Selling Price vs. Total Units Sold
Under $1 Million
Average Selling Price
$1 Million to $5 Million
Median Sale Price
Over $5 Million
Total Units Sold
Los Feliz Q1 Market Update / Highlights / 4
Comparison by Neighborhood Q1 Update | Greater Los Angeles
GREATER LA MEDIAN PRICE BY MARKET $6,000,000
Median - current quarter only
$5,000,000
$7,000,000
$6,000,000
$4,000,000
$5,000,000
$3,000,000 $4,000,000
$3,000,000 $2,000,000
$2,000,000
$1,000,000 $1,000,000
$0$Bel Air Holmby Hills
Beverly Brentwood Brentwood Downtown Hancock Los Feliz Beverly Beverly Hills Hills L.A. Park HillsPost Post Office Office Wilshire
Malibu
Pacific Palisades
Venice West Santa Silver Lake Sunset Echo Park Strip Hollywood Monica - Echo Hollywood Vicinity Hills West West
Median Selling Price 1.5m $ 4.9m $ 3.1m $ 2.2m $ 605k $
Bel-Air | Holmby Hills Beverly Hills Beverly Hills Post Office Brentwood Downtown Los Angeles
1m $ 1.7m $ 2.5m $ 2.6m $ 1.4m $
Hancock Park / Wilshire Los Feliz Malibu Pacific Palisades
870k $ 1.9m $ 2.1m $ 962k
$
Silver Lake | Echo Park Sunset Strip | Hollywood Hills Venice West Hollywood
Santa Monica
All data within this document is pulled from the California Real Estate Technology Services, Inc as per MIS Systems. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.
at a glance {Q1 Market Update | 2019}
downtown los angeles
-0.8
%
Change in Median Selling Price {2019 v 2018}
62 Average Days on Market
75 Units Sold
605k
$
Median Selling Price
*DATA FOR CONDOMINIUM SALES
Average Selling Price | Total Units Sold 120
$900,000 $800,000
100
$700,000
80
$600,000 $500,000
60
$400,000
40
$300,000 $200,000
20
$100,000
-
$0
Q1 2015
Q1 2016
Q1 2017
Q1 2018
Q1 2019 Total Units Sold
Average Selling Price
About
Downtown Los Angeles Downtown L.A. offers urban living at its finest, and is the heart of L.A.’s art boom which has put the city on the world stage of contemporary art. Gleaming new landmark lofts, a central business district, and a popular revolving art scene attract thousands of new residents every year. sothebyshomes.com
Median Selling Price
Sale Price vs. List Price
Closed Units
Average Days on Market
-0.8%
-
-26%
-2.4%
2019
$605,000
-3.8%
75
62
2018
$610,000
-2.4%
101
63
2017
$599,000
-3.1%
99
62
2016
$537,500
-1.2%
70
75
{2019 v 2018}
/
7 Downtown Los Angeles
/ Los Feliz Q1 Market Update
Average Selling Price | Total Units Sold 200
$1,000,000
180
$900,000
160
$800,000
140
$700,000
120
$600,000
100
$500,000
80
$400,000
60
$300,000
40
$200,000
20
$100,000
-
$0
Q1 2015
Q1 2016
Q1 2017
Q1 2018
Average Selling Price
Q1 2019 Total Units Sold
About
North East Los Angeles Home to some of L.A.’s most animated restaurants and alluring shops, North East Los Angeles boasts an abundance of beautiful homes a stone’s throw from Downtown Los Angeles that are increasing in value by the day. sothebyshomes.com
Median Selling Price
Sale Price vs. List Price
Closed Units
Average Days on Market
1.9%
-
-5.6%
17.6%
2019
$815,000
2.1%
167
36
2018
$800,000
5.9%
177
31
2017
$731,500
2.3%
152
39
2016
$675,250
2.0%
180
37
{2019 v 2018}
Q1 Market Update / North East Los Angeles / 8
at a glance {Q1 Market Update | 2019}
north east los angeles ATWATER VILLAGE CYPRESS PARK EAGLE ROCK
1.9
%
GLASSELL PARK
Change in Median Selling Price
HIGHLAND PARK
{2019 v 2018}
HOLLYWOOD HILLS EAST LINCOLN HEIGHTS MT WASHINGTON
36 Average Days on Market
167 Units Sold
815k
$
Median Selling Price
Neighborhood Highlights
Atwater Village Eagle Rock
Sold Prop. vs Avg. Price vs. Median Sales Price Atwater Village Median Sales Price | Single Family over Four Years
20
$1,200,000
18 $1,000,000
16
2.4
%
Sale Price vs.List Price
14
$800,000
12 10
$600,000
31
$400,000
Average DOM
8 6 4
$200,000
2 -
$0
Q1 2015
Q1 2016
Q1 2017
Q1 2018
18 Units
Q1 2019
Sold Prop. vs Avg. Price vs. Median Sales Price
Eagle Rock
Median Sales Price | Single Family over Four Years 50
$1,200,000
45 $1,000,000
40 35
$800,000
30 25
$600,000
20 $400,000
15 10
$200,000
5 -
$0
Q1 2015
Q1 2016
Q1 2017
Q1 2018
Q1 2019
3.0
%
Sale Price vs.List Price
34 Average DOM
30 Units
Neighborhood Highlights Cypress Park Glassell Park
Sold Prop. vs Avg. Price vs. Median Sales Price
Cypress Park
Median Sales Price | Single Family over Four Years
7
$800,000
6
$700,000 $600,000
5
$500,000
4
$400,000 3
$300,000
2
$200,000
1
$100,000
-
$0
Q1 2015
Q1 2016
Q1 2017
Q1 2018
-2.3
%
Sale Price vs.List Price
20 Average DOM
3 Units
Q1 2019
Sold Prop. vs Avg. Price vs. Median Sales Price
Glassell Park
Median Sales Price | Single Family over Four Years 30
$900,000 $800,000
25
$700,000
20
$600,000 $500,000
15
$400,000
10 5
Q1 2016
Q1 2017
Q1 2018
Sale Price vs.List Price
37 Average DOM
$200,000
27
$0
Q1 2015
%
$300,000
$100,000
-
-0.5
Units
Q1 2019
/
11 North East Los Angeles
/ Los Feliz Q1Market Update
Neighborhood Highlights
Highland Park Lincoln Heights
Sold Prop. vs Avg. Price vs. Median Sales Price
Highland Park
Median Sales Price | Single Family over Four Years
$900,000
60
$800,000
50
$700,000
40
$600,000 $500,000
30 20
Sale Price vs.List Price
42 Average DOM
$300,000
46
$100,000
-
%
$400,000
$200,000
10
0.8
Units
$0
Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Sold Prop. vs Avg. Price vs. Median Sales Price
Lincoln Heights
Median Sales Price | Single Family over Four Years 9
$700,000
8
$600,000
7
9.9
%
$500,000 Sale Price vs.List Price
6 5
$400,000
4
$300,000
17 Average DOM
3
$200,000
2 $100,000
1 -
$0
Q1 2015
Q1 2016
Q1 2017
Los Feliz Q1 Market Update / North East Los Angeles / 12
Q1 2018
Q1 2019
3 Units
Neighborhood Highlights
Hollywood Hills East Mt. Washington
Sold Prop. vs Avg. Price vs. Median Sales Price
Hollywood Hills East
Median Sales Price | Single Family over Four Years
45
$1,600,000
40
$1,400,000
35
$1,200,000
30
$1,000,000
25
$800,000
20
-2.8
%
Sale Price vs.List Price
48 Average DOM
$600,000
15
$400,000
10 5
$200,000
-
$0
39 Units
Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Sold Prop. vs Avg. Price vs. Median Sales Price
Mt. Washington
Median Sales Price | Single Family over Four Years 35
$1,400,000
30
$1,200,000
25
$1,000,000
20
$800,000
15
$600,000
10
$400,000
5
$200,000
24
-
$0
Units
4.5
%
Sale Price vs.List Price
30 Average DOM
Q1 2015
Q1 2016
Q1 2017
Q1 2018
Q1 2019
at a glance {Q1 Market Update | 2019}
los feliz
0.6
%
Change in Median Selling Price {2019 v 2018}
40 Average Days on Market
33 Units Sold
1.7m
$
Median Selling Price
Average Selling Price | Total Units Sold
70
$2,000,000 $1,800,000
60
$1,600,000
50
$1,400,000 $1,200,000
40
$1,000,000 30
$800,000 $600,000
20
$400,000
10
$200,000
-
$0
Q1 2015
Q1 2016
Q1 2017
Q1 2018
Q1 2019 Total Units Sold
Average Selling Price
About
Los Feliz Los Feliz is a creative neighborhood with an independent vibe all its own. This historic neighborhood is steeped in architectural history, boasting homes designed by Richard Neutra, John Lautner, and Frank Lloyd Wright. sothebyshomes.com
Median Selling Price
Sale Price vs. List Price
Closed Units
Average Days on Market
0.6%
-
-31.3%
-7.4%
2019
$1,695,000
-0.7%
33
40
2018
$1,684,500
1.4%
48
44
2017
$1,258,500
-5.1%
36
72
2016
$1,420,000
-2.8%
59
58
{2019 v 2018}
/
15 Los Feliz
/ Los Feliz Q1 Market Update
Average Selling Price | Total Units Sold 90
$1,400,000
80
$1,200,000
70 $1,000,000
60 50
$800,000
40
$600,000
30
$400,000
20 $200,000
10 -
$0
Q1 2015
Q1 2016
Q1 2017
Q1 2018
Q1 2019 Total Units Sold
Average Selling Price
About
Silver Lake/Echo Park Rock ‘n’ roll attitudes contrast the refined and modern homes of Silver Lake. This hilly neighborhood is one of L.A.’s most walkable areas and is home of its namesake reservoir and cutting-edge music scene. sothebyshomes.com
Median Selling Price
Sale Price vs. List Price
Closed Units
Average Days on Market
-11.4%
-
2.9%
-14.6%
2019
$870,000
-0.4%
70
42
2018
$982,000
4.3%
68
49
2017
$925,000
0.9%
67
46
2016
$910,000
2.6%
83
47
{2019 v 2018}
Los Feliz Q1 Market Update / Silver Lake | Echo Park / 16
at a glance {Q1 Market Update | 2019}
silver lake / echo park
-11.4
%
Change in Median Selling Price {2019 v 2018}
42 Average Days on Market
70 Units Sold
870k
$
Median Selling Price
at a glance {Q1 Market Update | 2019}
sunset strip / hollywood hills
5.5
%
Change in Median Selling Price {2019 v 2018}
52 Average Days on Market
87 Units Sold
1.87m
$
Median Selling Price
Average Selling Price | Total Units Sold 140
$2,600,000
120
$2,500,000
100
$2,400,000
80
$2,300,000
60
$2,200,000
40
$2,100,000
20
$2,000,000
-
$1,900,000
Q1 2015
Q1 2016
Q1 2017
Q1 2018
Q1 2019 Total Units Sold
Average Selling Price
About
Sunset Strip/Hollywood Hills Hollywood’s fame is rooted in its cultural identity, peerless entertainment industry, and historical significance as the origin of American cinema. Get a perfect martini at Musso & Frank’s, which has been serving drinks since 1919 to the likes of Charlie Chaplin and William Faulkner, and then stroll down to the Roosevelt Hotel for a nightcap. sothebyshomes.com
Median Selling Price
Sale Price vs. List Price
Closed Units
Average Days on Market
-5.5%
-
-17.1%
4.9%
2019
$1,875,000
-4.8%
87
52
2018
$1,777,777
-2.8%
105
50
2017
$1,595,000
-3.0%
129
54
2016
$1,475,000
-4.8%
128
60
{2019 v 2018}
/
19 Sunset Strip| Hollywood Hills
/ Los Feliz Q1 Market Update
Average Selling Price | Total Units Sold 200
$1,000,000
180
$900,000
160
$800,000
140
$700,000
120
$600,000
100
$500,000
80
$400,000
60
$300,000
40
$200,000
20
$100,000
-
$0
Q1 2015
Q1 2016
Q1 2017
Q1 2018
Q1 2019 Total Units Sold
Average Selling Price
About
Glendale Only minutes from downtown Los Angeles, Pasadena, Burbank and Hollywood, Glendale is the fourth largest city in LA County. With it’s well-maintained streets, central location, local transporation and outstanding schools, Glendale continues to grow as a community focused neighborhood of LA. sothebyshomes.com
Median Selling Price
Sale Price vs. List Price
Closed Units
Average Days on Market
-1.5%
-
-6.3%
19.4%
2019
$837,650
-1.4%
120
57
2018
$850,000
0.5%
128
48
2017
$755,000
-0.9%
190
54
2016
$630,000
-1.6%
189
57
{2019 v 2018}
Los Feliz Q1 Market Update / Glendale / 20
at a glance {Q1 Market Update | 2019}
glendale
-1.5
%
Change in Median Selling Price {2019 v 2018}
57 Average Days on Market
120 $838k Units Sold
Median Selling Price
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