Q3 Los Feliz Market Update

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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