Q4 Market Update | 2019
Los Feliz
Market Update
LOS FELIZ
Sold at $4,130,000
Significant Sales We invite you to explore our exclusive offerings at S OTHEBYSHOMES.CO M
SILVER LAKE
Sold for $1,605,000
PASADENA
Sold for $2,108,000 GLENDALE
Sold for $1,225000 LAUREL CANYON
Sold for $2,197,000 LOS FELIZ
Sold for $2,730,000
*in order from left to right, top to bottom
sothebyshomes.com
Market Snapshot
Q3 2019 | Greater Los Angeles
MARKET SHARE BY VOL.
Greater than $5M
Less than $1M
$1M - $5M
Closed Units vs ASP vs MSP $1,200,000
13,000
$1,000,000
12,500
$800,000
12,000
$600,000
11,500
$400,000
11,000
$200,000
10,500
$0
10,000
Q3 2015
Less than $1M
$1M - $5M
Greater than $5M
Sales Volume by Price Category 21 % 21 % 58 %
Q3 2016
PROPERTIES SOLD
Q3 2017 ASP
Q3 2019
MEDIAN SALES PRICE
Median Selling Price vs. Average Selling Price vs. Total Units Sold
Under $1 Million
Average Selling Price
Over $5 Million
Median Sale Price
$1 Million to $5 Million
Total Units Sold
Los Angeles Q3 Market Update / Q3 Highlights / 6
Q3 2018
Comparison by Neighborhood Q3 | Greater Los Angeles
$5,000,000
GREATER LA MEDIAN PRICE $4,500,000
$4,000,000
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
EAST SIDE MARKETS (TOTAL) Westwo od - Century City West Hollywood Vi cinity West Hills Venice Val ley Village University City Topanga Toluca Lake Sunset Strip - Holl ywood Hills West Studio City Silver Lake - Echo Park Sherman Oaks Santa Monica Palms - Mar Vista Palisades Pacific Palisades North Hollywood Marina Del Rey Manhattan Beach Mali bu Beach Mali bu Los Feliz Los Angeles Long Beach
Downtown Los Angeles
Hollywo od Hills East
West Hollywood
Pacific Palisades
Brentwood
Hollywo od
Venice
Malibu
Beverly Hills Post Office
Hancock Park-Wilshire
Sunset Strip | Hollywood Hills
Los Feliz
Beverly Hills
Glendale Encino Do wntown L.A. Culver City Burbank Brentwood Beverlywood Vicinity Beverly Hills Post Office Beverly Hills
Santa Monica
Silver Lake | Echo Park
1.1m $ 1.7m $ 2.0m $ 1.0m
$
Hancock Park / Wilshire
1.3m $ 1.5m $ 1.7m $ 2.8m $ 1.6m
$
Bel-Air | Holmby Hills
2.2m $ 4.7m $ 2.9m $ 2.0m $ 0.6m
$
Beverly Center-Miracl e Mile Bel Air - Hol mby Hi lls
Median Selling Price
at a glance {Q4 Market Update | 2019}
downtown los angeles
-10
%
Change in Median Selling Price {2019 v 2018}
70 Average Days on Market
66 Units Sold
520k
$
Median Selling Price
*DATA FOR CONDOMINIUM SALES
Average Selling Price | Total Units Sold
$700,000
76
$600,000
74
$500,000
72
$400,000
70
$300,000
68
$200,000
66
$100,000
64
$-
62 Q4 2015
Q4 2016
Q4 2017
Total Sold Properties
Q4 2018
Median Price
Q4 2019 ASP
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
-10%
-
-11%
14%
2019
$520,000
-1.9%
66
70
2018
$581,000
-1.7%
74
62
2017
$532,500
-0.5%
70
52
2016
$540,000
-1.4%
74
83
{2019 v 2018}
/
7 Downtown Los Angeles
/ Los Feliz Q4 Market Update
Average Selling Price | Total Units Sold
Greater LA & East Side $900,000
325
$800,000
320
$700,000
315
$600,000
310
$500,000
305
$400,000
300
$300,000 $200,000
295
$100,000
290
$-
285 Q4 2015
Q4 2016
Q4 2017
Total Sold Properties
Q4 2018
Median Price
Q4 2019 ASP
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
2%
-
3%
0%
2019
$797,000
3.0%
313
39
2018
$785,000
2.5%
305
39
2017
$740,000
3.7%
303
37
2016
$660,500
1.5%
320
46
{2019 v 2018}
Q4 Market Update / North East Los Angeles / 8
at a glance {Q4 Market Update | 2019}
north east los angeles ATWATER VILLAGE CYPRESS PARK EAGLE ROCK
2
%
GLASSELL PARK
Change in Median Selling Price
HIGHLAND PARK
{2019 v 2018}
HOLLYWOOD HILLS EAST LINCOLN HEIGHTS MT WASHINGTON
39 Average Days on Market
313 Units Sold
797k
$
Median Selling Price
Neighborhood Highlights
Atwater Village Eagle Rock
Atwater Village
Median Sales Price | Single Family over Four Years
$1,200,000
25
$1,000,000
20
$800,000
15
$600,000 10
$400,000
5
$200,000 $-
0 Q4 2015
Q4 2016
Total Sold Properties
Q4 2017
Q4 2018
Median Price
Q4 2019
10
%
Sale Price vs.List Price
29 Average DOM
20 Units
ASP
Eagle Rock
Median Sales Price | Single Family over Four Years
$1,200,000
80 70
$1,000,000
60 $800,000
50
$600,000
40 30
$400,000
20 $200,000
10
$-
0 Q4 2015
Q4 2016
Total Sold Properties
Q4 2017
Q4 2018
Median Price
Q4 2019 ASP
3.6
%
Sale Price vs.List Price
33 Average DOM
48 Units
Neighborhood Highlights Cypress Park Glassell Park
Cypress Park
Median Sales Price | Single Family over Four Years
$900,000
7
$800,000
6
$700,000
-0.7
%
5
Sale Price vs.List Price
$500,000
4
$400,000
3
74
$600,000
$300,000
2
$200,000
1
$100,000 $-
0 Q4 2015
Q4 2016
Total Sold Properties
Q4 2017
Q4 2018
Median Price
Q4 2019
Average DOM
4 Units
ASP
Glassell Park
Median Sales Price | Single Family over Four Years
1.7
$1,000,000
50
$900,000
45
$800,000
40
$700,000
35
$600,000
30
$500,000
25
$400,000
20
46
$300,000
15
Average DOM
$200,000
10
$100,000
5
35
$-
0 Q4 2015
Q4 2016
Total Sold Properties
Q4 2017
Q4 2018
Median Price
Q4 2019
%
Sale Price vs.List Price
Units
ASP
/
11 North East Los Angeles
/ Los Feliz Q4Market Update
Neighborhood Highlights
Highland Park Lincoln Heights
Highland Park
Median Sales Price | Single Family over Four Years
$900,000
100
$800,000
90
$700,000
80 70
$600,000
60
$500,000
$300,000
%
Sale Price vs.List Price
40
39
50
$400,000
3.1
30
Average DOM
$200,000
20
$100,000
10
90
$-
0 Q4 2015
Q4 2016
Total Sold Properties
Q4 2017
Q4 2018
Median Price
Q4 2019
Units
ASP
Lincoln Heights
Median Sales Price | Single Family over Four Years
$700,000
16
$600,000
14
$500,000 $400,000
Sale Price vs.List Price
10
43
6
$200,000
4
$100,000
2
$-
0 Q4 2015
Q4 2016
Total Sold Properties
Los Feliz Q4 Market Update / North East Los Angeles / 12
Q4 2017
Q4 2018
Median Price
Q4 2019 ASP
%
12
8 $300,000
1.9
Average DOM
11 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
Q2 2018
PROPERTIES SOLD
-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
$1,200,000
42 41
$1,000,000
40
3.6
%
Sale Price vs.List Price
39
$800,000
38
$600,000
37 36
$400,000
35 34
$200,000
33
$-
32 Q4 2015
Q4 2016
Total Sold Properties
Q4 2017
Q4 2018
Median Price
Q4 2019 ASP
40 Average DOM
35 Units
at a glance {Q4 Market Update | 2019}
los feliz
6
%
Change in Median Selling Price {2019 v 2018}
42 Average Days on Market
47 Units Sold
1.8m
$
Median Selling Price
Average Selling Price | Total Units Sold
$2,500,000
54 52
$2,000,000
50 $1,500,000
48
$1,000,000
46 44
$500,000
42
$-
40 Q4 2015
Q4 2016
Total Sold Properties
Q4 2017
Q4 2018
Median Price
Q4 2019 ASP
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%
-
-10%
-2%
2019
$1,775,000
3.9%
47
42
2018
$1,668,000
3.0%
52
52
2017
$1,731,250
1.0%
48
48
2016
$1,731,250
0.1%
45
45
{2019 v 2018}
/
15 Los Feliz
/ Los Feliz Q4 Market Update
Average Selling Price | Total Units Sold
$1,400,000
120
$1,200,000
100
$1,000,000
80
$800,000 60 $600,000 40
$400,000
20
$200,000 $-
0 Q4 2015
Q4 2016
Q4 2017
Total Sold Properties
Q4 2018
Median Price
Q4 2019 ASP
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
4%
-
7%
11%
2019
$1,150,000
2.4%
92
48
2018
$1,100,750
3.4%
86
43
2017
$1,089,000
3.9%
93
37
2016
$880,000
3.0%
85
58
{2019 v 2018}
Los Feliz Q4 Market Update / Silver Lake | Echo Park / 16
at a glance {Q4 Market Update | 2019}
silver lake / echo park
4
%
Change in Median Selling Price {2019 v 2018}
48 Average Days on Market
92 Units Sold
1.15m
$
Median Selling Price
at a glance {Q4 Market Update | 2019}
sunset strip / hollywood hills
-7
%
Change in Median Selling Price {2019 v 2018}
63 Average Days on Market
123 Units Sold
1.7m
$
Median Selling Price
Average Selling Price | Total Units Sold
$3,000,000
140
$2,500,000
120 100
$2,000,000
80 $1,500,000 60 $1,000,000
40
$500,000
20
$-
0 Q4 2015
Q4 2016
Q4 2017
Total Sold Properties
Q4 2018
Median Price
Q4 2019 ASP
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
-7%
-
58%
-23%
2019
$1,700,000
-2.8%
123
63
2018
$1,824,500
-2.0%
78
82
2017
$1,830,000
-2.1%
117
71
2016
$1,695,501
-1.8%
92
65
{2019 v 2018}
/
19 Sunset Strip| Hollywood Hills
/ Los Feliz Q4 Market Update
Average Selling Price | Total Units Sold
$1,200,000
160 140
$1,000,000
120 $800,000
100
$600,000
80 60
$400,000
40 $200,000
20
$-
0 Q4 2015
Q4 2016
Q4 2017
Total Sold Properties
Q4 2018
Median Price
Q4 2019 ASP
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%
-
15%
-9.5%
2019
$1,032,500
0.0%
130
37
2018
$1,040,000
0.3%
113
41
2017
$950,000
0.7%
146
42
2016
$886,500
0.8%
146
44
{2019 v 2018}
Los Feliz Q4 Market Update / Glendale / 20
at a glance {Q4 Market Update | 2019}
glendale
-1
%
Change in Median Selling Price {2019 v 2018}
51 Average Days on Market
130 $1m Units Sold
Median Selling Price
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