Los Feliz Real Estate Market Recap for the Week Ending March 20, 2016

A WEEKLY RECAP AND BEHIND THE SCENES LOOK AT WHAT HAPPENED IN LOS FELIZ REAL ESTATE HOME SALES FOR THE WEEK ENDING MARCH 20, 2016

Active homes for sale in Los Feliz: 31 (same as last week and 34 two weeks ago); prices ranging from $745,00 to $4,977,000

  • Median Price: $1,785,000 (same as last week)

  • Average days on market: 43 (↓)
  • Average cost per foot:  $648 (↓)
  • For sale properties over $2 million:  13
  • Number of price reductions:  9 (↓)

Pending Home Sales:  22 (down from 23 last week and down from 29 two weeks ago);  prices ranging from $679,000 to $3,997,000

  • 3 new pending sales last week (same as last week)
  • 9 pending sales over $2 million 

5 SOLD LISTINGS LAST WEEK:

  • Median Price: $1,458,000 (last week: $2,900,000)
  • Average days on market: 38 (↓)
  • Average cost per foot:  $732(↑)

5 Homes Sold Last Week in Los Feliz

3921 Melbourne, Los Feliz

Sales Price:  $1,242,000

Days on Market: 12

Cost per foot:  $808

Square feet: 1537;  3 beds/2 baths.  Special notes:  Updated and maintained 1930s Spanish home in Los Feliz. Barrel ceiling living room with fireplace. hardwood floors, natural light, a front patio, a 2 car garage, central heat and air. Privacy and amazing views on a cul-de-sac street with updates that preserve the character of 1930. Walk to the restaurants and shopping of Los Feliz Village.


1843 Alexandria, Los Feliz

Sales Price:  $1,285,000

Days on Market: 1

Cost per foot:  $594

Square feet: 2162;  3 beds/4 baths.  Special notes: Sold before processing.  One of four new construction "small-lot" residences; homes are outfitted with 6" white oak plank flooring, custom steel staircases and railings, solid Honduras mahogany doors and appliances by Wolf, Miele and Sub Zero. View of the Los Feliz Hills and Griffith Observatory. Each home is 3 stories with 2-car direct-entry garages,.


2369 Lyric Ave, Los Feliz

Sales Price:  $1,458,000

Days on Market: 107

Cost per foot:  $598

Square feet: 1440;  4 beds/3 baths.  Special notes:  Spectacular views and luxurious living in this newly remodeled home located in the desirable Franklin Hills community of Los Feliz. Open floor plan with Living Room, Dining Room, Kitchen & Den featuring projection & sound system. Den opens onto large back patio great for entertaining. Cooks kitchen; Master suite with balcony, walk-in closet and spa-like master bath..


2524 Aberdeen Ave, Los Feliz

Sales Price:  $3,400,000

Days on Market: 40

Cost per foot:  $732

Square feet: 4644;  5 beds/6 baths.  Special notes:  Red Oak Manor located in the desirable Oaks area of Los Feliz. Grand public rooms, towering ceilings, hardwood floors, & unparalleled craftsmanship. Dramatic living room, with stone fireplace, high ceilings & character details. 1500 sq ft deck overlooks the sparkling pool & spa. Cooks open kitchen with large breakfast area & patio access. Expansive master suite with fireplace & two baths; a two-story children's suite w/loft; sunny guest room w/vaulted, large guest room/nursery; maid's/5th bed. Gated & private with lush grounds.


2338 Chiselhurst Drive, Los Feliz

Sales Price:  $4,750,000

Days on Market: 29

Cost per foot:  $920

Square feet: 5161;  5 beds/5 baths.  Special notes:  Los Feliz classic by famed AF Leicht. Mediterranean Revival has commanding downtown city light views.  Glass murals, time-honored light fixtures, complex woodwork, and flooding natural light through immense glass windows. Master suite with wood burning fireplace, upgraded kitchen, billiard room with bar area, fireplace and outdoor patio and meandering gardens with a river, large flat grassy yard.


7 New Listings Last Week in Los Feliz