Real Estate Market Report for Los Feliz CA. 90027

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Real Estate Agent with Berkshire Hathaway HomeServices 01238708
https://activerain.com/droplet/4Ybj

Real Estate Market Report for Los Feliz, CA. 90027

The Single-Family Market in the Los Feliz neighborhood of Los Angeles has been cooling over the past few months. Prices flattened out. Despite that if you look at the current rate of sale versus the amount of inventory you will notice that despite this Los Feliz is still in a Seller’s Market.  I attribute this phenomenon to the significant demand and that there is little inventory available.

The 90027-zip code is famous for having modest size lots compared to other parts of Los Angeles. Land is at a premium. There are virtually no homes on lots larger than a half an acre of land. On the other hand, there are some premium priced homes that are virtually inside Griffith Park and it gives the feel as if your back yard is Griffith Park, which consists of approximately 4310 acres of land. This in turn is the largest Urban Park in North America. Check out one my posts where I have written about it (   Griffith Park          )

As of this writing:  The Median List Price is: $1,995,000.00

                                 The Average Days on Market (DOM) is 124

                                 There are currently 53 homes on the Market

                                 The Asking Price Per Square Foot is $695

                                  The most Expensive Listing is: $6.195,000.00

                                  The Least Expensive Listing is: $730,000.00

Breaking the down the properties into four Quartiles the numbers become very interesting:

The First Quartile of the Market or the top .25%:

The Median Price is $3,997,000 and the median living sq. ft. is approximately 5,020 and it sits on 0.25 -0.50 acres of land consisting of 5 bedrooms and 4 baths. The average Days on Market is around 218 (DOM).

The Second Quartile of the Market or the second .25%:

The Median Price is $2,395,000 and the median living sq. ft. is approximately 3,650 and it sits on 6500-8,000 sq. ft. of land consisting of 4 bedrooms and 4 baths. The average Days on Market is around 103 (DOM).

The Third Quartile of the Market or the third .25%:

The Median Price is $1,599,000 and the median living sq. ft. is approximately 2,600 and it sits on 6500-8000 sq. ft. of land consisting of 4 bedrooms and 3 baths. The average Days on Market is around 78 (DOM).

The Fourth Quartile of the Market of the bottom .25%:

The Median Price is $1,172,500 and the median living sq. ft. is approximately 1810 and it sits on 1000 – 4500 sq. ft. of land and generally had 3 bedrooms and 2 baths. The average Days on Market is around 100 (DOM).

If you are interested in a Free Market Evaluation of your home please reach out to me directly!

If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002(m) or homes@endrebarath.com or visit one of my websites at  http://www.endrebarath.com.  I am a Pet Friendly Realtor and I contribute a portion of my commission to local animal rescue organizations

 

                                

                        

 

 

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Ambassador
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Endre, excellent reporting on Los Feliz CA. 90027. You enthusiasm is only matched by your skill.

Dec 17, 2016 08:10 PM #1
Rainmaker
4,402,906
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Endre,

Interesting report on Los Feliz.  We have friend who lives in the area.  I love it has grown. A

Dec 17, 2016 09:23 PM #2
Ambassador
2,769,593
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Endre - That's a great market snapshot of an interesting neighborhood. I had a couple of friends who lived there way back when, and I always liked the area.

Dec 18, 2016 06:53 AM #3
Rainmaker
3,195,248
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Noah Seidenberg  thank you for your kind words, Endre

Dec 18, 2016 10:37 AM #4
Rainmaker
3,195,248
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Ron and Alexandra Seigel  it is such a great neighborhood, close proximity to Griffith Park, The Greek Theater, the now vibrant Downtown Los Angeles and even Beverly Hills to name a few....

Dec 18, 2016 10:39 AM #5
Rainmaker
3,195,248
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Dick Greenberg  indeed it is a great area and the post card views of Downtown Los Angeles for those who can afford to live in the hills is truly amazing, Endre

Dec 18, 2016 10:41 AM #6
Rainmaker
3,303,636
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Endre --- one of my favorite neighborhoods with quite a bit of architectural diversity and a nice neighborhood feel along Vermont Avenue too.   

Dec 18, 2016 12:15 PM #7
Rainmaker
3,195,248
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Michael Jacobs  I am  with you 100% I sold a home two doors down from the Frank Loyd Wright home the Ennis House and ours was a mid century on stilts:)Endre

Dec 18, 2016 09:44 PM #8
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Rainmaker
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Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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