Los Feliz Q1 2019 Market Update

Q1 Market Update | 2019

Los Feliz

Market Update

SILVER LAKE

sothebyshomes.com/0287790 Sold at $1,625,000

Significant Sales We invite you to explore our exclusive offerings at S OTHEBYSHOMES.COM

ALHAMBRA

Sold for $1,595,000

HANCOCK PARK

Sold for $1,395,000 VALLEY VILLAGE

Sold for $1,179,000 MOUNT WASHINGTON

Sold for $1,205,000 EAGLE ROCK

Sold for $1,549,000

*in order from left to right, top to bottom

sothebyshomes.com

Market Snapshot

Q1 Update | Greater Los Angeles

Closed Units vs ASP vs MSP

MARKET SHARE BY VOL.

Greater than $5M

Less than $1M

$1M - $5M

$1,200,000

9,500

$1,000,000

9,000

$800,000

8,500

$600,000

8,000

$400,000

7,500

$200,000

7,000

$0

6,500

Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1 2019

Less than $1M

$1M - $5M

Greater than $5M

Sold Units by Price Category 22 % 59% 19 %

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 Q1 Market Update / Highlights / 4

Comparison

by Neighborhood Q1 Update | Greater Los Angeles

GREATER LA MEDIAN PRICE BY MARKET $6,000,000

Median - current quarter only

$5,000,000

$7,000,000

$6,000,000

$4,000,000

$5,000,000

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

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

$2,000,000

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

$0$Bel Air Holmby Hills

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

Malibu

Pacific Palisades

Venice West Santa Silver Lake Sunset Echo Park Strip Hollywood Monica - Echo Hollywood Vicinity Hills West West

Median Selling Price 1.5m $ 4.9m $ 3.1m $ 2.2m $ 605k $

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

1m $ 1.7m $ 2.5m $ 2.6m $ 1.4m $

Hancock Park / Wilshire Los Feliz Malibu Pacific Palisades

870k $ 1.9m $ 2.1m $ 962k

$

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

Santa Monica

All data within this document is pulled from the California Real Estate Technology Services, Inc as per MIS Systems. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.

at a glance {Q1 Market Update | 2019}

downtown los angeles

-0.8

%

Change in Median Selling Price {2019 v 2018}

62 Average Days on Market

75 Units Sold

605k

$

Median Selling Price

*DATA FOR CONDOMINIUM SALES

Average Selling Price | Total Units Sold 120

$900,000 $800,000

100

$700,000

80

$600,000 $500,000

60

$400,000

40

$300,000 $200,000

20

$100,000

-

$0

Q1 2015

Q1 2016

Q1 2017

Q1 2018

Q1 2019 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 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

-0.8%

-

-26%

-2.4%

2019

$605,000

-3.8%

75

62

2018

$610,000

-2.4%

101

63

2017

$599,000

-3.1%

99

62

2016

$537,500

-1.2%

70

75

{2019 v 2018}

/

7 Downtown Los Angeles

/ Los Feliz Q1 Market Update

Average Selling Price | Total Units Sold 200

$1,000,000

180

$900,000

160

$800,000

140

$700,000

120

$600,000

100

$500,000

80

$400,000

60

$300,000

40

$200,000

20

$100,000

-

$0

Q1 2015

Q1 2016

Q1 2017

Q1 2018

Average Selling Price

Q1 2019 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 Selling Price

Sale Price vs. List Price

Closed Units

Average Days on Market

1.9%

-

-5.6%

17.6%

2019

$815,000

2.1%

167

36

2018

$800,000

5.9%

177

31

2017

$731,500

2.3%

152

39

2016

$675,250

2.0%

180

37

{2019 v 2018}

Q1 Market Update / North East Los Angeles / 8

at a glance {Q1 Market Update | 2019}

north east los angeles ATWATER VILLAGE CYPRESS PARK EAGLE ROCK

1.9

%

GLASSELL PARK

Change in Median Selling Price

HIGHLAND PARK

{2019 v 2018}

HOLLYWOOD HILLS EAST LINCOLN HEIGHTS MT WASHINGTON

36 Average Days on Market

167 Units Sold

815k

$

Median Selling Price

Neighborhood Highlights

Atwater Village Eagle Rock

Sold Prop. vs Avg. Price vs. Median Sales Price Atwater Village Median Sales Price | Single Family over Four Years

20

$1,200,000

18 $1,000,000

16

2.4

%

Sale Price vs.List Price

14

$800,000

12 10

$600,000

31

$400,000

Average DOM

8 6 4

$200,000

2 -

$0

Q1 2015

Q1 2016

Q1 2017

Q1 2018

18 Units

Q1 2019

Sold Prop. vs Avg. Price vs. Median Sales Price

Eagle Rock

Median Sales Price | Single Family over Four Years 50

$1,200,000

45 $1,000,000

40 35

$800,000

30 25

$600,000

20 $400,000

15 10

$200,000

5 -

$0

Q1 2015

Q1 2016

Q1 2017

Q1 2018

Q1 2019

3.0

%

Sale Price vs.List Price

34 Average DOM

30 Units

Neighborhood Highlights Cypress Park Glassell Park

Sold Prop. vs Avg. Price vs. Median Sales Price

Cypress Park

Median Sales Price | Single Family over Four Years

7

$800,000

6

$700,000 $600,000

5

$500,000

4

$400,000 3

$300,000

2

$200,000

1

$100,000

-

$0

Q1 2015

Q1 2016

Q1 2017

Q1 2018

-2.3

%

Sale Price vs.List Price

20 Average DOM

3 Units

Q1 2019

Sold Prop. vs Avg. Price vs. Median Sales Price

Glassell Park

Median Sales Price | Single Family over Four Years 30

$900,000 $800,000

25

$700,000

20

$600,000 $500,000

15

$400,000

10 5

Q1 2016

Q1 2017

Q1 2018

Sale Price vs.List Price

37 Average DOM

$200,000

27

$0

Q1 2015

%

$300,000

$100,000

-

-0.5

Units

Q1 2019

/

11 North East Los Angeles

/ Los Feliz Q1Market Update

Neighborhood Highlights

Highland Park Lincoln Heights

Sold Prop. vs Avg. Price vs. Median Sales Price

Highland Park

Median Sales Price | Single Family over Four Years

$900,000

60

$800,000

50

$700,000

40

$600,000 $500,000

30 20

Sale Price vs.List Price

42 Average DOM

$300,000

46

$100,000

-

%

$400,000

$200,000

10

0.8

Units

$0

Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Sold Prop. vs Avg. Price vs. Median Sales Price

Lincoln Heights

Median Sales Price | Single Family over Four Years 9

$700,000

8

$600,000

7

9.9

%

$500,000 Sale Price vs.List Price

6 5

$400,000

4

$300,000

17 Average DOM

3

$200,000

2 $100,000

1 -

$0

Q1 2015

Q1 2016

Q1 2017

Los Feliz Q1 Market Update / North East Los Angeles / 12

Q1 2018

Q1 2019

3 Units

Neighborhood Highlights

Hollywood Hills East Mt. Washington

Sold Prop. vs Avg. Price vs. Median Sales Price

Hollywood Hills East

Median Sales Price | Single Family over Four Years

45

$1,600,000

40

$1,400,000

35

$1,200,000

30

$1,000,000

25

$800,000

20

-2.8

%

Sale Price vs.List Price

48 Average DOM

$600,000

15

$400,000

10 5

$200,000

-

$0

39 Units

Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Sold Prop. vs Avg. Price vs. Median Sales Price

Mt. Washington

Median Sales Price | Single Family over Four Years 35

$1,400,000

30

$1,200,000

25

$1,000,000

20

$800,000

15

$600,000

10

$400,000

5

$200,000

24

-

$0

Units

4.5

%

Sale Price vs.List Price

30 Average DOM

Q1 2015

Q1 2016

Q1 2017

Q1 2018

Q1 2019

at a glance {Q1 Market Update | 2019}

los feliz

0.6

%

Change in Median Selling Price {2019 v 2018}

40 Average Days on Market

33 Units Sold

1.7m

$

Median Selling Price

Average Selling Price | Total Units Sold

70

$2,000,000 $1,800,000

60

$1,600,000

50

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

40

$1,000,000 30

$800,000 $600,000

20

$400,000

10

$200,000

-

$0

Q1 2015

Q1 2016

Q1 2017

Q1 2018

Q1 2019 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

Median Selling Price

Sale Price vs. List Price

Closed Units

Average Days on Market

0.6%

-

-31.3%

-7.4%

2019

$1,695,000

-0.7%

33

40

2018

$1,684,500

1.4%

48

44

2017

$1,258,500

-5.1%

36

72

2016

$1,420,000

-2.8%

59

58

{2019 v 2018}

/

15 Los Feliz

/ Los Feliz Q1 Market Update

Average Selling Price | Total Units Sold 90

$1,400,000

80

$1,200,000

70 $1,000,000

60 50

$800,000

40

$600,000

30

$400,000

20 $200,000

10 -

$0

Q1 2015

Q1 2016

Q1 2017

Q1 2018

Q1 2019 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

Median Selling Price

Sale Price vs. List Price

Closed Units

Average Days on Market

-11.4%

-

2.9%

-14.6%

2019

$870,000

-0.4%

70

42

2018

$982,000

4.3%

68

49

2017

$925,000

0.9%

67

46

2016

$910,000

2.6%

83

47

{2019 v 2018}

Los Feliz Q1 Market Update / Silver Lake | Echo Park / 16

at a glance {Q1 Market Update | 2019}

silver lake / echo park

-11.4

%

Change in Median Selling Price {2019 v 2018}

42 Average Days on Market

70 Units Sold

870k

$

Median Selling Price

at a glance {Q1 Market Update | 2019}

sunset strip / hollywood hills

5.5

%

Change in Median Selling Price {2019 v 2018}

52 Average Days on Market

87 Units Sold

1.87m

$

Median Selling Price

Average Selling Price | Total Units Sold 140

$2,600,000

120

$2,500,000

100

$2,400,000

80

$2,300,000

60

$2,200,000

40

$2,100,000

20

$2,000,000

-

$1,900,000

Q1 2015

Q1 2016

Q1 2017

Q1 2018

Q1 2019 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

Median Selling Price

Sale Price vs. List Price

Closed Units

Average Days on Market

-5.5%

-

-17.1%

4.9%

2019

$1,875,000

-4.8%

87

52

2018

$1,777,777

-2.8%

105

50

2017

$1,595,000

-3.0%

129

54

2016

$1,475,000

-4.8%

128

60

{2019 v 2018}

/

19 Sunset Strip| Hollywood Hills

/ Los Feliz Q1 Market Update

Average Selling Price | Total Units Sold 200

$1,000,000

180

$900,000

160

$800,000

140

$700,000

120

$600,000

100

$500,000

80

$400,000

60

$300,000

40

$200,000

20

$100,000

-

$0

Q1 2015

Q1 2016

Q1 2017

Q1 2018

Q1 2019 Total Units Sold

Average Selling Price

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

-1.5%

-

-6.3%

19.4%

2019

$837,650

-1.4%

120

57

2018

$850,000

0.5%

128

48

2017

$755,000

-0.9%

190

54

2016

$630,000

-1.6%

189

57

{2019 v 2018}

Los Feliz Q1 Market Update / Glendale / 20

at a glance {Q1 Market Update | 2019}

glendale

-1.5

%

Change in Median Selling Price {2019 v 2018}

57 Average Days on Market

120 $838k Units Sold

Median Selling Price

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