Los Angeles Market Update January 2014

Page 42

MOUNT WASHINGTON

SINGLE FAMILY HOME SALES

Founded in 1909, Mount Washington is located on the eastside of Los Angeles neighboring Glassell Park, Eagle Rock, Highland Park and Montecito Heights and its close proximity to both Pasadena and Downtown Los Angeles have made it popular for homebuyers. It is known for the many 1950s and 1960s modernist homes that can be found here. Recently the area has become a more affordable alternative to the more pricey Westside. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA

SINGLE FAMILY HOMES (SFH) NOV - JAN 2014 Average List Price Average List Price per Square Foot

ALL $609,708 $363.70

< $1M $609,708 $363.70

$1M - $3M $$-

> $3M $$-

Average Sold Price

$611,648

$611,648

$-

$-

Average Sold Price per Square Foot

$-

$365.25

$365.25

$-

Total SFH Sold

34

34

-

-

Total SFH for Sale at End of Period

30

28

2

-

Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio

2.6

2.5

-

-

100%

100%

0%

0%

SFH NOV - JAN 2013

ALL

< $1M

$1M - $3M

> $3M

Average List Price

$490,421

$490,421

$-

$-

Average List Price per Square Foot

$332.27

$332.27

$-

$-

Average Sold Price

$486,518

$486,518

$-

$-

Average Sold Price per Square Foot

$-

$329.31

$329.31

$-

Total SFH Sold

42

42

-

-

Total SFH for Sale at End of Period

26

26

-

-

Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio

1.9

1.9

-

-

99%

99%

0%

0%

SFH JAN/JAN COMPARISON

ALL

< $1M

$1M - $3M

> $3M

Average List Price

24%

24%

0%

0%

Average List Price per Square Foot

9%

9%

0%

0%

Average Sold Price

26%

26%

0%

0%

Average Sold Price per Square Foot

11%

11%

0%

0%

Total SFH Sold

-19%

-19%

0%

0% 0%

Total SFH for Sale at End of Period

15%

8%

0%

Average Monthly Supply of Inventory

43%

33%

0%

0%

Average Sold Price/Original List Price Ratio

1%

1%

0%

0% (Source: MLS/CLAW)

BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles

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Los Angeles Market Update January 2014 by Sotheby's International Realty, Inc - Issuu