Los Feliz Real Estate Market Recap for the Week Ending February 28, 2016

A WEEKLY RECAP AND BEHIND THE SCENES LOOK AT WHAT HAPPENED IN LOS FELIZ REAL ESTATE HOME SALES FOR THE WEEK ENDING FEBRUARY 28, 2016

Active homes for sale in Los Feliz: 36 (up from 34 last week); prices ranging from $630,000 to $5,990,000

  • Median Price: $1,945,000 (last week: $2,037,000)

  • Average days on market: 63
  • Average cost per foot:  $669 (↓)
  • For sale properties over $2 million:  17 
  • Number of price reductions:  8 

Pending Home Sales:  29 (down from 31 last week);  prices ranging from $679,000 to $4,995,000

  • 4 new pending sales last week (down from 6 last week)
  • 13 pending sales over $2 million (↓)

5 SOLD LISTINGS LAST WEEK:

  • Median Price: $1,275,000 (last week: $1,127,900)
  • Average days on market: 156 (↑)
  • Average cost per foot:  $562 (↓)

5 Homes Sold Last Week in Los Feliz


2524 Aberdeen Ave, Los Feliz

Sales Price:  $6,875,000

Days on Market: 36

Cost per foot:  $838

Square feet: 6200;  6 beds/9 baths.  Special notes:  Epic contemporary built under the guidance of the highly acclaimed Stewart-Gulrajani Design Team, iconic home features a media room, wired for smart home workout room, luxurious master suite, an optimized floor plan for luxury living. A large designer kitchen that features high end marble counters, large wine fridge, top of the line Sub-Zero fridge, wine cooler and freezer, Wolf range which opens to a large family entertainment room. Backyard features a zero-edge saltwater pool/spa; gardens surround this amazing home. 


5220 Los Diegos Way, Los Feliz

Sales Price:  $2,000,000

Days on Market: 589

Cost per foot: $485

Square feet: 4126;  4 beds/5 baths.  Special notes:  North of the Blvd in prime Los Feliz, gated; rear yard with pool and views.  Bankruptcy sale.


5625 Valley Oak Drive, Los Feliz

Sales Price:  $1,275,000

Days on Market: 93

Cost per foot:  $910

Square feet: 1400;  2 beds/2 baths.  Special notes:  Highly sought after Los Feliz Oaks, nestled serenely in the Hollywood Hills and surrounded by multi-million dollar homes, an impressive gourmet kitchen, unique designer finishes, top of the line appliances and Carrera Marble, custom wood flooring. New aluminum framed, double-pane French doors and casement windows, tank-less water heater and barely used HVAC system, new electrical wiring, including a ~Vantage~ computerized lighting system, water filtration system and high-end fixtures. Completely remodeled studs up- top to bottom.


1926 Mayview Drive, Los Feliz

Sales Price:  $1,142,000

Days on Market: 51

Cost per foot: $529

Square feet: 3468;  3 beds/4 baths.  Special notes:   Franklin Hills custom live/work architectural home features an open floor plan, multiple balconies, great storage and 2-car direct access garage. Big bonus for work at home creative professionals is the multi-room office/media room/studio/bar and lounge for entertaining. Cooks kitchen & dramatic hillside views. Enjoy  California outdoor living while entertaining on three decks surrounded by tranquil landscaping and a Zen fountain. Property is gated, secure and private.


4000 Woking Way, Los Feliz

Sales Price:  $643,000

Days on Market: 13

Cost per foot:  $246

Square feet: 2615;  4 beds/3 baths.  Special notes:  Short sale with multiple problems - This property has a property inspection report and a mold report; Most suitable for a contractor or developer.


3 New Listings Last Week in Los Feliz