Q2 Market Update | 2019
Los Feliz
Market Update
EAGLE ROCK
sothebyshomes.com/0287912 Sold at $1,575,000
Significant Sales We invite you to explore our exclusive offerings at S OTHEBYSHOMES.CO M
LOS FELIZ
Sold for $6,871,119
SILVER LAKE
Sold for $1,599,000 KOREATOWN
Sold for $1,825,000 EAGLE ROCK
Sold for $1,495,000 MOUNT WASHINGTON
Sold for $1,307,500
*in order from left to right, top to bottom
sothebyshomes.com
Market Snapshot
Q2 Update | Greater Los Angeles
MARKET SHARE BY VOL.
Greater LA & East Side Greater than $5M
Less than $1M
1,800,000
4,100
1,600,000
4,000
1,400,000
3,900 3,800
1,200,000
3,700
1,000,000
3,600
800,000
3,500
600,000
$1M - $5M
3,400
400,000
3,300
200,000
3,200
-
3,100 Q2 2015
Q2 2016 Sold
Less than $1M
$1M - $5M
ASP
Q2 2018
Q2 2019
Median Price
Greater than $5M
Sold Units by Price Category 21 % 58% 21 %
Q2 2017
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 Q2 Market Update / Highlights / 4
Comparison by Neighborhood Q2 Update | Greater Los Angeles
GREATER LA MEDIAN PRICE BY MARKET $3,000,000
Median - current quarter only
$2,500,000 $7,000,000
$6,000,000 $2,000,000
$5,000,000
$1,500,000 $4,000,000
$3,000,000 $1,000,000
$2,000,000
$500,000 $1,000,000
$0$-
Bel Air Holmby Hills
Brentwood Downtown Hancock Los Feliz Beverly Beverly Beverly Brentwood Beverly Hills L.A. Park Hills Hills HillsPost Post Office Office Wilshire
Malibu
Pacific Palisades
Venice Santa Silver Lake Sunset West Santa Venice West Monica - Echo Echo Park Strip Hollywood Hollywood Hollywood Vicinity Vicinity Hills West West
Median Selling Price 2.4m $ 2.7m $ 2.6m $ 2m $ 612k $
Bel-Air | Holmby Hills Beverly Hills Beverly Hills Post Office Brentwood Downtown Los Angeles
1.2m $ 1.7m $ 1.9m $ 2.4m $ 1.5m $
Hancock Park / Wilshire Los Feliz Malibu Pacific Palisades
1m $ 1.7m $ 1.8m $ 912k $
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 {Q2 Market Update | 2019}
downtown los angeles
-7.5
%
Change in Median Selling Price {2019 v 2018}
63 Average Days on Market
85 Units Sold
612k
$
Median Selling Price
*DATA FOR CONDOMINIUM SALES
Average Selling Price | Total Units Sold
Sold Prop. vs Avg. Price vs. Median Sales Price 140
850,000
120
800,000
100 80
750,000
60
700,000
40 650,000
20 -
600,000 Q2 2015
Q2 2016
Q2 2017 PROPERTIES SOLD
Q2 2018
Q2 2019
ASP
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
-7.5%
-
-13.3%
94.8%
2019
$612,500
-3.1%
85
63
2018
$662,500
-1.3%
98
32
2017
$605,000
-2.8%
119
46
2016
$634,250
-2.2%
85
50
{2019 v 2018}
/
7 Downtown Los Angeles
/ Los Feliz Q2 Market Update
Average Selling Price | Total Units Sold
Average Sales Price vs. Total Sold Properties 1,000,000
300
900,000
250
800,000 700,000
200
600,000 500,000
150
400,000
100
300,000 200,000
50
100,000 -
Q2 2015
Q2 2016
Average Selling Price
ASP
Q2 2017
Q2 2018
PROPERTIES SOLD
Q2 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
5.4%
-
22%
18.6%
2019
$849,000
3.7%
272
31
2018
$805,000
5.7%
223
26
2017
$750,000
5.9%
231
30
2016
$685,000
3.9%
223
32
{2019 v 2018}
Q2 Market Update / North East Los Angeles / 8
at a glance {Q2 Market Update | 2019}
north east los angeles ATWATER VILLAGE CYPRESS PARK EAGLE ROCK
5.4
%
GLASSELL PARK
Change in Median Selling Price
HIGHLAND PARK
{2019 v 2018}
HOLLYWOOD HILLS EAST LINCOLN HEIGHTS MT WASHINGTON
31 Average Days on Market
272 Units Sold
849k
$
Median Selling Price
Neighborhood Highlights
Atwater Village Eagle Rock
Atwater Village
Median Sales Price | Single Family over Four Years
Sold Prop. vs Avg. Price vs. Median Sales Price 30
1,200,000
25
1,000,000
20
800,000
15
600,000
10
400,000
5
200,000
-
Q2 2015
Q2 2016
Q2 2017 PROPERTIES SOLD
Q2 2018
Q2 2019
7.7
%
Sale Price vs.List Price
17 Average DOM
13 Units
ASP
Eagle Rock
Median Sales Price | Single Family over Four Years
Sold Prop. vs Avg. Price vs. Median Sales Price 80
1,200,000
70
1,000,000
60 800,000
50 40
600,000
30
400,000
20 200,000
10 -
Q2 2015
Q2 2016
Q2 2017 PROPERTIES SOLD
Q2 2018 ASP
Q2 2019
2.2
%
Sale Price vs.List Price
24 Average DOM
74 Units
Neighborhood Highlights Cypress Park Glassell Park
Cypress Park
Median Sales Price | Single Family over Four Years
Sold Prop. vs Avg. Price vs. Median Sales Price 14
800,000
12
700,000 600,000
10
500,000
8
400,000
6
300,000
4
200,000
2
100,000
-
Q2 2015
Q2 2016
Q2 2017
Q2 2018
PROPERTIES SOLD
Q2 2019
-7.6
%
Sale Price vs.List Price
67 Average DOM
2 Units
ASP
Glassell Park
Median Sales Price | Single Family over Four Years
Sold Prop. vs Avg. Price vs. Median Sales Price 40
1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 -
35 30 25 20 15 10 5 Q2 2015
Q2 2016
Q2 2017 PROPERTIES SOLD
Q2 2018
Q2 2019
2.1
%
Sale Price vs.List Price
38 Average DOM
37 Units
ASP
/
11 North East Los Angeles
/ Los Feliz Q2Market Update
Neighborhood Highlights
Highland Park Lincoln Heights
Highland Park
Median Sales Price | Single Family over Four Years
Sold Prop. vs Avg. Price vs. Median Sales Price 68
1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 -
66 64 62 60 58 56 54 52 50 Q2 2015
Q2 2016
Q2 2017 PROPERTIES SOLD
Q2 2018
Q2 2019
6.6
%
Sale Price vs.List Price
28 Average DOM
62 Units
ASP
Lincoln Heights
Median Sales Price | Single Family over Four Years
Sold Prop. vs Avg. Price vs. Median Sales Price 12
700,000
10
600,000 500,000
8
400,000
6
300,000
4
200,000
2
100,000
-
Q2 2015
Q2 2016
Q2 2017 PROPERTIES SOLD
Los Feliz Q2 Market Update / North East Los Angeles / 12
Q2 2018 ASP
Q2 2019
5.9
%
Sale Price vs.List Price
50 Average DOM
9 Units
Neighborhood Highlights
Hollywood Hills East Mt. Washington
Hollywood Hills East
Median Sales Price | Single Family over Four Years
Sold Prop. vs Avg. Price vs. Median Sales Price 57
1,800,000
56
1,600,000
55
1,400,000
54
1,200,000
53
1,000,000
52
800,000
51
600,000
50
400,000
49
200,000
48
Q2 2015
Q2 2016
Q2 2017 PROPERTIES SOLD
Q2 2018
-2.1
%
Sale Price vs.List Price
37 Average DOM
51 Units
Q2 2019
ASP
Mt. Washington
Median Sales Price | Single Family over Four Years
Sold Prop. vs Avg. Price vs. Median Sales Price 40 35
1,200,000
6.8
1,000,000
Sale Price vs.List Price
800,000
30
30 25 20
600,000
15
400,000
10 200,000
5 -
Q2 2015
Q2 2016
Q2 2017 PROPERTIES SOLD
Q2 2018 ASP
Q2 2019
%
Average DOM
32 Units
at a glance {Q2 Market Update | 2019}
los feliz
-6.7
%
Change in Median Selling Price {2019 v 2018}
38 Average Days on Market
55 Units Sold
1.7m
$
Median Selling Price
Average Selling Price | Total Units Sold
Sold Prop. vs Avg. Price vs. Median Sales Price 90
2,500,000
80 2,000,000
70 60
1,500,000
50 40
1,000,000
30 20
500,000
10 -
Q2 2015
Q2 2016
Average Selling Price
Q2 2017
Q2 2018
PROPERTIES SOLD
ASP
Q2 2019
Total Units Sold
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
-6.7%
-
-9.8%
3.7%
2019
$1,730,000
.3%
55
38
2018
$1,855,000
1.5%
61
37
2017
$1,607,500
-0.6%
82
40
2016
$1,360,000
-2.1%
65
40
{2019 v 2018}
/
15 Los Feliz
/ Los Feliz Q2 Market Update
Average Selling Price | Total Units Sold
Sold Prop. vs Avg. Price vs. Median Sales Price 140
1,200,000
120
1,000,000
100
800,000
80
600,000
60
400,000
40
200,000
20 -
Q2 2015
Q2 2016
Q2 2017 PROPERTIES SOLD
Q2 2018
Q2 2019
ASP
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
2.4%
-
-3.7%
15.7%
2019
$1,012,000
3.1%
103
26
2018
$988,000
3.9%
107
23
2017
$910,000
4.1%
122
28
2016
$932,500
3.5%
80
31
{2019 v 2018}
Los Feliz Q2 Market Update / Silver Lake | Echo Park / 16
at a glance {Q2 Market Update | 2019}
silver lake / echo park
2.4
%
Change in Median Selling Price {2019 v 2018}
26 Average Days on Market
103 Units Sold
1
$ m Median Selling Price
at a glance {Q2 Market Update | 2019}
sunset strip / hollywood hills
6.2
%
Change in Median Selling Price {2019 v 2018}
57 Average Days on Market
119 Units Sold
1.7m
$
Median Selling Price
Average Selling Price | Total Units Sold
Sold Prop. vs Avg. Price vs. Median Sales Price 180
3,000,000
160
2,500,000
140
2,000,000
120 100
1,500,000
80 60
1,000,000
40
500,000
20 -
Q2 2015
Q2 2016
Q2 2017
Q2 2018
PROPERTIES SOLD
Q2 2019
ASP
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
6.2%
-
-21.7%
12.5%
2019
$1,698,500
-4.2%
119
57
2018
$1,600,000
-1.4%
152
51
2017
$1,618,500
-1.9%
158
43
2016
$1,462,500
-2.0%
140
47
{2019 v 2018}
/
19 Sunset Strip| Hollywood Hills
/ Los Feliz Q2 Market Update
Average Selling Price | Total Units Sold
Sold Prop. vs Avg. Price vs. Median Sales Price 250
1,200,000
200
1,000,000 800,000
150
600,000 100
400,000
50
200,000
-
Q2 2015
Q2 2016
Average Selling Price
Q2 2017 PROPERTIES SOLD
Q2 2018 ASP
Q2 2019
Total Units Sold
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
-1.4%
-
-4.8%
-9.5%
2019
$858,000
0.3%
198
37
2018
$870,000
1.7%
208
41
2017
$808,000
1.2%
202
42
2016
$730,000
0.5%
211
44
{2019 v 2018}
Los Feliz Q2 Market Update / Glendale / 20
at a glance {Q2 Market Update | 2019}
glendale
-1.4
%
Change in Median Selling Price {2019 v 2018}
37 Average Days on Market
198 $858k Units Sold
Median Selling Price
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