Sotheby's International Realty Los Feliz 2019 Q4 Market Update

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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