Los Feliz Market Update | Q4 2017

Q4 | 2017

Los Feliz

Market Update

JEFFERSON PARK

sothebyshomes.com/ 0287202 Offered at $1,169,000

Significant Sales LOS FELIZ

We invite you to explore our exclusive offerings at S OTHEBYS H O MES.C O M/ L OSF E L IZ

Sold for $3,385,000 sothebyshomes.com/0309160

LOS FELIZ

Sold for $3,797,000 sothebyshomes.com/0287074 LOS FELIZ

Sold for $2,995,000 sothebyshomes.com/0287085 SILVER LAKE

Sold for $1,479,000 sothebyshomes.com/0287246 HISTORIC JEFFERSON PARK

Sold for $849,000 sothebyshomes.com/0287261 *in order from left to right, top to bottom

sothebyshomes.com/losfeliz

Market Snapshot

Q4 | Greater Los Angeles

Sold Volume - all areas by price Units vs MSP vs ASP 1120

$3,000,000

Below $1M

1100 $2,500,000

1080 1060

$2,000,000

$5M and Above

1040 1020

$1,500,000

$1M - $5M

1000 $1,000,000

980 960

$500,000

940 $Below $1M

$1M - $5M

$5M and Above

920

2014 units

Sales Volume by Price Category 8% 57 % 36 %

ASP

2016

2017

Median

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 Q4 Market Update / Q4 Highlights / 4

2015

Comparison

by Neighborhood Q4 | Greater Los Angeles

Median current quarter only Median current quarter only $7,000,000

$7,000,000 $6,000,000

$6,000,000 $5,000,000

$5,000,000 $4,000,000

$4,000,000 $3,000,000

$3,000,000 $2,000,000

$2,000,000 $1,000,000

$1,000,000 $-

Median Selling Price 2.4m $ 6.1m $ 3.4m $ 3.3m $ 0.4m $

Bel-Air | Holmby Hills Beverly Hills Beverly Hills Post Office Brentwood Downtown Los Angeles

1.7m $ 1.7m $ 2.4m $ 3.3m $ 3.5m $

Hancock Park / Wilshire Los Feliz Malibu Pacific Palisades Santa Monica

1.1m $1.8m $2.0m $1.7m $

West Hollywood Vicinity

Venice

Sunset Venice West Strip Hollywood Hollywood Vicinity Hills West

Sunset Strip - Hollywood Hills West

Silver Lake - Echo Park

Santa Silver Lake Monica - Echo Park

Santa Monica

Pacific Palisades

Pacific Palisades

Malibu

Malibu

Los Feliz

Downtown L.A.

Hancock Park - Wilshire

Beverly Brentwood Downtown Hancock Los Feliz Hills Post L.A. Park Office Wilshire

Brentwood

Beverly Hills

Beverly Hills Post Office

Holmby Hills

Beverly Hills

Bel Air - Holmby Hills

$- Bel Air -

Silver Lake | Echo Park Sunset Strip | Hollywood Hills Venice West Hollywood

at a glance {Q4 | 2017}

downtown los angeles

15.6

%

Change in Median Selling Price {2017 v 2016}

153 Average Days on Market

34 Units Sold

0.4m

$

Median Selling Price

ASP vs Closed Units

Average Selling Price | Total Units Sold 40

$500,000 $450,000

35

$400,000

30

$350,000

25

$300,000 $250,000

20

$200,000

15

$150,000

10

$100,000

5

$50,000 $-

0

2014

2015

2016

2017 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/dtla

Q4

Median Sale Price Closed Active Average Days Selling Price vs. List Price Units Inventory on Market

{2017 vs. 2016}

Change

15.6%

-

17.2%

70.8%

35.2%

2017

$376,750

-5.2%

34

41

153

2016

$326,000

-1.2%

29

24

113

2015

$304,892

-2.1%

24

32

100

2014

$232,500

1.1%

14

29

81

/

7 Downtown Los Angeles

/ Los Feliz

Q4 Market Update

ASP vs Closed Units

Average Selling Price | Total Units Sold $1,000,000

80

$900,000

70

$800,000

60

$700,000

50

$600,000

40

$500,000 $400,000

30

$300,000

20

$200,000

10

$100,000

0

$-

2014

2015

2016

Average Selling Price

2017 Total Units Sold

About

East Los Angeles Home to some of L.A.’s most animated restaurants and alluring shops, 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.

Median Sale Price Closed Active Average Days Selling Price vs. List Price Units Inventory on Market {2017 vs. 2016}

Change

5.9%

-

34.6%

-3.0%

-41.9%

2017

$832,500

2.2%

70

32

53

2016

$786,315

4.2%

52

33

91

2015

$710,500

1.6%

46

39

74

2014

$633,000

2.1%

55

33

72

Los Feliz Q4 Market Update / East Los Angeles/ 8

at a glance {Q4 | 2017}

east los angeles ATWATER VILLAGE CYPRESS PARK EAGLE ROCK

5.9

%

GLASSELL PARK

Change in Median Selling Price

HIGHLAND PARK

{2017 v 2016}

HOLLYWOOD HILLS EAST LINCOLN HEIGHTS MT WASHINGTON

53 Average Days on Market

70 Units Sold

0.8m

$

Median Selling Price

Neighborhood Highlights

Atwater Village Eagle Rock

Atwater Village

Median Sales Price | Single Family over Five Years

Neighborhood Highlights

+6

$900,000

%

$800,000

Sale Price vs.List Price

$700,000

70

$600,000 $500,000

Average DOM

$400,000

23

$300,000 $200,000

Units

$100,000 $-

2014

2015

2016

2017

Eagle Rock

Median Sales Price | Single Family over Five Years

Neighborhood Highlights

+2

%

$900,000 $800,000

Sale Price vs.List Price

$700,000

53

$600,000 $500,000

Average DOM

$400,000

70

$300,000 $200,000

Units

$100,000 $-

2014

2015

2016

2017

Neighborhood Highlights Cypress Park Glassell Park

Cypress Park

Median Sales Price | Single Family over Five Years

Neighborhood Highlights $700,000

+1

%

$600,000

Sale Price vs.List Price

$500,000

102

$400,000 $300,000

Average DOM

6

$200,000 $100,000

Units

$-

2014

2015

2016

2017

Glassell Park

Median Sales Price | Single Family over Five Years

Neighborhood Highlights

-1

$800,000

%

$700,000

Sale Price vs.List Price

$600,000

75

$500,000 $400,000

Average DOM

$300,000

34

$200,000

Units

$100,000 $-

2014

2015

2016

2017

/

11 East Los Angeles

/ Los Feliz

Q4 Market Update

Neighborhood Highlights

Highland Park Lincoln Heights

Highland Park

Median Sales Price | Single Family over Five Years

Neighborhood Highlights

+5

$900,000

%

$800,000

Sale Price vs.List Price

$700,000

66

$600,000 $500,000

Average DOM

$400,000

58

$300,000 $200,000

Units

$100,000 $-

2014

2015

2016

2017

Lincoln Heights

Median Sales Price | Single Family over Five Years

Neighborhood Highlights $700,000

+5

$600,000

Sale Price vs.List Price

$500,000

83

%

$400,000

Average DOM

$300,000

7

$200,000

Units

$100,000 $-

2014 Los Feliz Q4 Market Update / East Los Angeles/ 12

2015

2016

2017

Neighborhood Highlights

Hollywood Hills East Mt. Washington

Hollywood Hills East

Median Sales Price | Single Family over Five Years

Neighborhood Highlights $1,600,000

-4

%

$1,400,000 $1,200,000

Sale Price vs.List Price

$1,000,000

95

$800,000

Average DOM

$600,000

36

$400,000 $200,000

Units

$-

2014

2015

2016

2017

Mt. Washington

Median Sales Price | Single Family over Five Years

Neighborhood Highlights

+12

$1,000,000

%

$900,000 $800,000

Sale Price vs.List Price

$700,000

66

$600,000 $500,000

Average DOM

$400,000

42

$300,000 $200,000

Units

$100,000 $-

2014

2015

2016

2017

at a glance {Q4 | 2017}

los feliz

-4.5

%

Change in Median Selling Price {2017 v 2016}

67 Average Days on Market

49 Units Sold

1.7m

$

Median Selling Price

ASP vs Closed Units

Average Selling Price | Total Units Sold 60

$2,500,000

50

$2,000,000

40 $1,500,000 30 $1,000,000 20 $500,000

10

0

$-

2014

2015

2016

2017 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/losfeliz

Q4

Median Sale Price Closed Active Average Days Selling Price vs. List Price Units Inventory on Market

{2017 vs. 2016}

Change

-4.5%

-

8.9%

15.8%

-25.1%

2017

$1,720,000

1.2%

49

66

67

2016

$1,801,000

0.1%

45

57

89

2015

$1,539,500

-3.6%

44

61

89

2014

$1,278,600

2.3%

57

55

85

/

15 Los Feliz

/ Los Feliz Q4 Market Update

ASP vs Closed Units

Average Selling Price | Total Units Sold 120

$1,400,000 $1,200,000

100

$1,000,000

80

$800,000 60 $600,000 40

$400,000

20

$200,000

0

$-

2014

2015

2016

2017 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/silverlake

Q4

Median Sale Price Closed Active Average Days Selling Price vs. List Price Units Inventory on Market

{2017 vs. 2016}

Change

18.3%

-

27.6%

19.4%

-24.8%

2017

$1,060,642

6.2%

97

80

67

2016

$896,447

5.5%

76

67

89

2015

$849,000

1.9%

96

82

81

2014

$750,000

1.4%

83

55

75

Los Feliz Q4 Market Update / Silver Lake | Echo Park / 16

at a glance {Q4 | 2017}

silver lake / echo park

18.3

%

Change in Median Selling Price {2017 v 2016}

67 Average Days on Market

97 Units Sold

1.1m

$

Median Selling Price

at a glance {Q4 | 2017}

sunset strip / hollywood hills

6.9

%

Change in Median Selling Price {2017 v 2016}

102 Average Days on Market

121 Units Sold

1.8m

$

Median Selling Price

ASP vs Closed Units

Average Selling Price | Total Units Sold 140

$2,450,000 $2,400,000

120

$2,350,000 100

$2,300,000 $2,250,000

80

$2,200,000 60

$2,150,000 $2,100,000

40

$2,050,000 20

$2,000,000

0

$1,950,000

2014

2015

2016

2017 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.

Q4

Median Sale Price Closed Active Average Days Selling Price vs. List Price Units Inventory on Market

{2017 vs. 2016}

Change

6.9%

-

36.0%

31.0%

12.3%

2017

$1,844,250

1.1%

121

300

102

2016

$1,725,000

-1.4%

89

229

91

2015

$1,692,500

-1.9%

112

209

90

2014

$1,832,038

-6.2%

100

191

100

/

19 Sunset Strip| Hollywood Hills

/ Los Feliz Q4 Market Update

Only With Us onlywithus.com

global reach brand heritage extraordinary marketing pr powerhouse proven results

UPCOMING AUCTIONS ARIZONA 18-19 JAN PARIS 7 FEB AMELIA ISLAND 10 MARCH FORT LAUDERDALE 6-7 APRIL AUBURN SPRING 10-12 MAY MONACO 12 MAY CALIFORNIA LATE JUNE MONTEREY 24-25 AUG AUBURN FALL 30 AUG - 2 SEPT HERSHEY 11-12 OCT LONDON LATE OCTOBER

INQUIRIES: 1 800 211 4371