Q3 | 2018
Los Feliz
Market Update
EAGLE ROCK
sothebyshomes.com/0287629 Offered at $1,749,000
Significant Sales We invite you to explore our exclusive offerings at S OTHEBYS H O MES.C OM
SILVER LAKE
Sold for $1,975,000
LOS FELIZ
Sold for $1,502,000 DOWNTOWN LA
Sold for $1,750,000 HOLLYWOOD HILLS
Sold for $2,720,000 GLENDALE
Sold for $1,225,000
*in order from left to right, top to bottom
sothebyshomes.com
Market Snapshot
Q3 | Greater Los Angeles
Sold Units - all areas by price
$5M and Above Below $1M
Units vs vs MSP vs ASP Units MSP vs ASP $3,000,000 $3,000,000
118013
$2,500,000 $2,500,000
1160 12 1140
112012 1100 108011
$2,000,000 $2,000,000 $1,500,000 $1,500,000
1060 11 1040
$1,000,000 $1,000,000
$1M - $5M
102010
$500,000 $500,000
1000 10 980
$-
960 95
$-
2015 2015
2016 2016 unitsunits
Below $1M
$1M - $5M
2018 2018
Median Median
$5M and Above
Sold Units by Price Category 23 % 66% 11 %
ASP ASP
2017 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 Q3 Market Update / Q3 Highlights / 4
Comparison by Neighborhood Q3 | Greater Los Angeles
Median - current quarter only
Median - current quarter only
$7,000,000
$7,000,000
Median - current quarter only
$6,000,000
$7,000,000 $6,000,000
$5,000,000 $6,000,000 $5,000,000
$5,000,000 $4,000,000 $4,000,000 $4,000,000
$3,000,000
$3,000,000 $3,000,000
$2,000,000
$2,000,000 $2,000,000 $1,000,000
West Hollywood Vicinity
Venice
Sunset Strip - Hollywood Hills West
Silver Lake - Echo Park
Santa Monica
West Hollywood Vicinity
Venice
Sunset Strip - Hollywood Hills West
Silver Lake - Echo Park
Venice West Santa Silver Lake Sunset Echo Park Strip Hollywood Monica - Echo Hollywood Vicinity Hills West West
Santa Monica
Pacific Palisades
Pacific Palisades
Malibu
Pacific Palisades
Malibu
Los Feliz Los Feliz
Beverly Brentwood Brentwood Downtown Hancock Los Feliz Beverly Beverly Hills Hills L.A. Park HillsPost Post Office Office Wilshire
Malibu
Hancock Park - Wilshire Hancock Park - Wilshire
DowntownL.A. L.A. Downtown
Brentwood Brentwood
Beverly Hills Post Office Beverly Hills Post Office
Bel Air Holmby Hills
Beverly Hills Beverly Hills
$$$-
Bel Air - Holmby Hills Bel Air - Holmby Hills
$1,000,000 $1,000,000
Median Selling Price 2.9m $ 6.0m $ 2.9m $ 2.9m $ 0.4m $
Bel-Air | Holmby Hills Beverly Hills Beverly Hills Post Office Brentwood Downtown Los Angeles
1.9m $ 1.9m $ 2.6m $ 3.0m $ 2.9m $
Hancock Park / Wilshire Los Feliz Malibu Pacific Palisades Santa Monica
1.0m $ 2.0m $ 2.1m $ 1.8m $
Silver Lake | Echo Park Sunset Strip | Hollywood Hills Venice West Hollywood
at a glance {Q3 | 2018}
downtown los angeles
8.6
%
Change in Median Selling Price {2018 v 2017}
73 Average Days on Market
21 Units Sold
400k
$
Median Selling Price
ASP vs Closed Units
Average Selling Price | Total Units Sold $600,000
35 30
$500,000
25
$400,000
20 $300,000 15 $200,000
10
$100,000
5
$-
0
2015
2016
2017
2018 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 popular revolving art attract thousands of new residents to every year. sothebyshomes.com
Q3
Median Sale Price Closed Active Average Days Selling Price vs. List Price Units Inventory on Market
{2018 vs. 2017}
Change
8.6%
-
-16%
17.9%
-34.9%
2018
$380,000
-4.8%
21
33
73
2017
$350,000
0%
25
28
129
2016
$279,000
-3.5%
22
24
119
/
7 Downtown Los Angeles
/ Los Feliz Q3 Market Update
ASP vs Closed Units
Average Selling Price | Total Units Sold $1,200,000
350 300
$1,000,000
250
$800,000
200 $600,000 150 $400,000
100
$200,000
50
$-
0
2015
2016
2017
Average Selling Price
2018 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 Sale Price Closed Active Average Days Selling Price vs. List Price Units Inventory on Market {2018 vs. 2017}
Change
15.7%
-
-7.9%
N/A
-8.3%
2018
$925,649
3%
280
N/A
63
2017
$800,000
2.7%
304
N/A
69
2016
$727,000
2.4%
245
N/A
71
Los Feliz Q3 Market Update / North East Los Angeles / 8
at a glance {Q3 | 2018}
north east los angeles ATWATER VILLAGE CYPRESS PARK EAGLE ROCK
15.7
%
GLASSELL PARK
Change in Median Selling Price
HIGHLAND PARK
{2018 v 2017}
HOLLYWOOD HILLS EAST LINCOLN HEIGHTS MT WASHINGTON
63 Average Days on Market
280 Units Sold
900k
$
Median Selling Price
Neighborhood Highlights
Atwater Village Eagle Rock
Atwater Village
Median Sales Price | Single Family over Five Years
ASP vs Closed Units
$1,200,000
30
$1,000,000
25
$800,000
20
$600,000
15
$400,000
10
$200,000
5
7
%
Sale Price vs.List Price
48 Average DOM
$-
Units
0
2015
2016
2017
20
2018
Eagle Rock
Median Sales Price | Single ASP Family over Five Years vs Closed Units
$1,200,000
70 60
$1,000,000
3.2
%
Sale Price vs.List Price 50
$800,000
40 $600,000 30 $400,000
20
$200,000
10 0
$-
2015
2016
2017
2018
50 Average DOM
40 Units
Neighborhood Highlights Cypress Park Glassell Park
Cypress Park
Median Sales Price | Single Family over Five Years
ASP vs Closed Units
$700,000
16
$600,000
14 12
$500,000
10
$400,000
8 $300,000
6
$200,000
4
$100,000
2
$-
0
2015
2016
2017
1.2
%
Sale Price vs.List Price
69 Average DOM
3 Units
2018
Glassell Park
Median Sales Price | Single Family over Five Years ASP vs Closed Units
$1,000,000
40
$900,000
35
$800,000
30
$700,000
25
$600,000 $500,000
20
$400,000
15
$300,000
10
$200,000
5
$100,000 $-
0
2015
2016
2017
5.4
%
Sale Price vs.List Price
63 Average DOM
36 Units
2018
/
11 North East Los Angeles
/ Los Feliz
Q3 Market Update
Neighborhood Highlights
Highland Park Lincoln Heights
Highland Park
Median Sales Price | Single Family over Five Years ASP vs Closed Units
2.5
%
$1,000,000
120
Sale Price vs.List Price
$900,000 100
$800,000 $700,000
80
$600,000 $500,000
60
$400,000 40
$300,000 $200,000
20
61 Average DOM
94 Units
$100,000 $-
0
2015
2016
2017
2018
Lincoln Heights
Median Sales Price | Single Family over Five Years
ASP vs Closed Units
9.4
%
$600,000
12
$500,000
10
$400,000
8
111
$300,000
6
Average DOM
$200,000
4
10
$100,000
2
Units
Sale Price vs.List Price
$-
0
2015
2016
Los Feliz Q3 Market Update / North East Los Angeles / 12
2017
2018
Neighborhood Highlights
Hollywood Hills East Mt. Washington
Hollywood Hills East
Median Sales Price | Single Family over Five Years ASP vs Closed Units
$1,800,000
50
$1,600,000
45
$1,400,000
40 35
$1,200,000
30
$1,000,000
25
$800,000
20
$600,000
15
$400,000
10
$200,000
5
$-
-1.3%
%
Sale Price vs.List Price
80 Average DOM
38 Units
0
2015
2016
2017
2018
Mt. Washington
Median Sales Price | SingleASP Family over Five Years vs Closed Units
$1,200,000
45 40
$1,000,000
35
$800,000
30 25
$600,000
20
$400,000
15 10
$200,000
5
$-
0
2015
2016
2017
2018
19.4
%
Sale Price vs.List Price
63 Average DOM
39 Units
at a glance {Q3 | 2018}
los feliz
3.5
%
Change in Median Selling Price {2018 v 2017}
61 Average Days on Market
41 Units Sold
1.9m
$
Median Selling Price
ASP vs Closed Units
Average Selling Price | Total Units Sold $2,500,000
80 70
$2,000,000
60 50
$1,500,000
40 $1,000,000
30 20
$500,000
10 $-
0
2015
2016
2017
2018 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
Q3
Median Sale Price Closed Active Average Days Selling Price vs. List Price Units Inventory on Market
{2018 vs. 2017}
Change
3.5%
-
-24.1%
5.6%
-17.7%
2018
$1,850,000
2.8%
41
57
61
2017
$1,787.500
-0.4%
54
54
74
2016
$1,485,000
- 0.7%
53
57
70
/
15 Los Feliz
/ Los Feliz Q3 Market Update
ASP vs Closed Units
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
2016
2015
2017
2018 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
Q3
Median Sale Price Closed Active Average Days Selling Price vs. List Price Units Inventory on Market
{2018 vs. 2017}
Change
-1.2%
-
-11.8%
35.6%
-4.9%
2018
$1,025,000
-5.0%
97
80
72
2017
$1,037,500
8.3%
110
59
75
2016
$875,000
0.0%
98
67
73
Los Feliz Q3 Market Update / Silver Lake | Echo Park / 16
at a glance {Q3 | 2018}
silver lake / echo park
-1.2
%
Change in Median Selling Price {2018 v 2017}
72 Average Days on Market
97 Units Sold
1
$ m Median Selling Price
at a glance {Q3 | 2018}
sunset strip / hollywood hills
16.4
%
Change in Median Selling Price {2018 v 2017}
93 Average Days on Market
109 Units Sold
2
$ m Median Selling Price
ASP vs Closed Units
Average Selling Price | Total Units Sold $3,000,000
118 116
$2,500,000
114
$2,000,000
112 $1,500,000 110 $1,000,000
108
$500,000
106
$-
104
2015
2016
2017
2018 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
Q3
Median Sale Price Closed Active Average Days Selling Price vs. List Price Units Inventory on Market
{2018 vs. 2017}
Change
16.4
-
-6.8%
10.3%
4.4%
2018
$2,000,000
-4.8%
109
256
77
2017
$1,718,000
-4.3%
117
232
74
2016
$1,799,000
-2.7%
111
229
76
/
19 Sunset Strip| Hollywood Hills
/ Los Feliz Q3 Market Update
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