Los Feliz Real Estate Market Recap for the Week Ending February 21, 2016

A WEEKLY RECAP AND BEHIND THE SCENES LOOK AT WHAT HAPPENED IN LOS FELIZ REAL ESTATE HOME SALES FOR THE WEEK ENDING FEBRUARY 21, 2016

Active homes for sale in Los Feliz: 34 (down from 40 last week); prices ranging from $630,000 to $5,990,000

  • Median Price: $2,037,000 (same as last week)

  • Average days on market: 63 (↑)
  • Average cost per foot:  $698 (↑) 
  • For sale properties over $2 million:  17 (↓)
  • Number of price reductions:  8 (↑) 

Pending Home Sales:  31 (up from 26 last week);  prices ranging from $625,000 to $6,875,000

  • 6 new pending sales last week (same as last week)
  • 14 pending sales over $2 million (↑)

4 SOLD LISTINGS LAST WEEK:

  • Median Price: $1,127,900 (last week: $1,127,900)
  • Average days on market: 67 (↑)
  • Average cost per foot:  $676 (↑)

Last Week's Sold Listings

2673 Aberdeen Ave, Los Feliz

Sales Price:  $6,400,000

Days on Market: 35

Cost per foot:  n/a

Square feet: n/a;  5 beds/7 baths.  Special notes:  Grand corner lot estate located on a beautiful tree-lined street in Loz Feliz. This Old Hollywood Mediterranean has been extensively remodeled with completely gated grounds feature a 3-car garage, additional parking for 9 cars, pool/spa and outdoor patio surrounded by mature landscaping. Completely renovated Chef's kitchen features subzero fridge/freezer, Walker Zanger marble island/breakfast bar, La CornueFe oven/range & Apavisa designer tile with plenty of storage. Upstairs master retreat with balcony & additional 3 bedrooms with en-suite bathrooms. Spacious basement theater, custom sound studio designed by DJ Skee.


3656 Lowry Road, Los Feliz

Sales Price:  $2,250,000

Days on Market: 8

Cost per foot:  $892

Square feet: 2523;  4 beds/4 baths.  Special notes: Residence of iconic American artist, Shepard Fairey, a 1929 Mediterranean home tells a story of love and HOPE. Thick archways, hand applied plaster, high-beamed ceilings in the living room make it the focal point of the home, friendly eat-in kitchen, stylish dining room with viewing balcony. The 4th bedrm, a guest suite/office on its own floor with separate entrance, shares a patio with a hidden creative space, often used by the artist for illustrations & sketches. Multiple outdoor entertaining spaces.


2052 Mayview Drive, Los Feliz

Sales Price:  $1,875,000

Days on Market: 160

Cost per foot:  $676

Square feet: 2772;  3 beds/3 baths.  Special notes:  A vintage post and beam, personal residence of Dick E. Lowry, AIA, offered for the very first time. Completed in 1973 it enjoys a prime Franklin Hills location with sweeping views. Tasteful updates have been made over the years but much is original including colors, textures and surfaces selected by Lowry himself. There is a 2-car garage and detached studio, and an added bonus/basement workshop. Mature landscaping includes large trees and drought-tolerant elements. 


1842 Hollyvista Ave, Los Feliz

Sales Price:  $1,310,000

Days on Market: 66

Cost per foot:  $513

Square feet: 2552;  4 beds/3 baths.  Special notes: 1963 Mid-Century Modern brilliantly situated in the coveted Franklin Hills capturing sweeping west-facing views. Walls of glass, interesting angles, lofty beamed ceilings and open family space, all in a serene, convenient location. A seamless blend of indoor and outdoor space and a floorplan with effortless functionality with some of Los Angeles' quintessential views. Located in the Franklin Hills of Los Feliz.


5 New Listings Last Week in Los Feliz