Sotheby's International Realty - Los Feliz Q2 2019 Market Update

Page 1

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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