Los Feliz Real Estate Market Recap for the Week Ending May 15, 2016

A WEEKLY RECAP AND BEHIND THE SCENES LOOK AT WHAT HAPPENED IN LOS FELIZ REAL ESTATE HOME SALES FOR THE WEEK ENDING MAY 15, 2016

ACTIVE HOMES FOR SALE IN LOS FELIZ: 41 (33 LAST WEEK); PRICES RANGING FROM $725,000 TO $5,995,000

  • Median Price: $1,575,000 (last week: $1,575000)

  • Average days on market: 40 (↓)
  • Average cost per foot:  $737 (↑)
  • For sale properties over $2 million:  15 (↑)
  • Number of price reductions:  10 (↓)

Pending Home Sales:  27 (same as last week);  prices ranging from $679,000 to $4,977,000

  • 6 new pending sales last week (2 last week)
  • 8 pending sales over $2 million (up from 6 last week)

 2 SOLD LISTINGS LAST WEEK (4 LAST WEEK):

  • Median Price: $1,603,657 (last week: $1,291,000)
  • Average days on market: 124 (↑)
  • Average cost per foot:  $598 (↓)

2 Homes Sold Last Week in Los Feliz

2621 N Commonwealth, Los Feliz

Sales Price:  $2,474,314

Days on Market: 117

Cost per foot:  $467

Square feet: 5294;  5 beds/7 baths.  Special notes:   Elegant Villa near the trails of Griffith park North of Los Feliz Blvd. Grand scale open volume 2 story public rooms seamlessly flow in this tremendous family home. A casual indoor/outdoor California lifestyle is captured with floor to ceiling windows, handcrafted sweeping staircase, 5 ensuite bedrooms. The master bedroom suite boasts a lounge, marble fireplace, terrace, luxurious bath & spacious walk in dressing rm/closet. Media room with a full bar. Separate office. Beautifully restored eat in kitchen w/stainless appliance amenities & breakfast bar. Formal dining rm. Gated long driveway and millennial gardens & terraces on a 1/3 acre manicured grounds with fire pit and fountains. beautiful swimmers pool, outdoor kitchen, indoor kitchen & pool bath. Oversize garage.


4043 Clayton, Los Feliz

Sales Price:  $733,000

Days on Market: 131

Cost per foot:  $728

Square feet: 1006;  2 beds/1 baths.  Special notes:  Bungalow waiting for a designer's touch nestled in the Franklin Hills.  The home also has a separate dining room and a charming breakfast nook off of the kitchen. Upgrades include newer windows, kitchen, bathroom, engineered flooring, some doors and interior paint.


12 Homes Listed Last Week in Los Feliz