Los Feliz Real Estate Market Recap for the Week Ending June 12, 2016

A WEEKLY RECAP AND BEHIND THE SCENES LOOK AT WHAT HAPPENED IN LOS FELIZ REAL ESTATE HOME SALES FOR THE WEEK ENDING JUNE 12, 2016

ACTIVE HOMES FOR SALE IN LOS FELIZ: 48 (UP FROM 41 LAST WEEK); PRICES RANGING FROM $899,000 TO $6,545,000

  • Median Price: $1,811,500 (last week: $1,728,000)

  • Average days on market: 48  (↑)
  • Average cost per foot:  $745 (↓)
  • For sale properties over $2 million:  22 (↑)
  • Number of price reductions:  14 (↑)

Pending Home Sales:  32 (same as last week and up from 29 two weeks ago);  prices ranging from $739,000 to $3,997,000

  • 3 new pending sales last week (7 last week)
  • 8 pending sales over $2 million (↑)

5 homes sold last week:

  • Average cost per foot:  $722 (↑)
  • Average days on market:  52 (↑)
  • Median price:  $1,396,000 (↑)

6 Homes Listed Last Week in Los Feliz

5 Homes Sold Last Week in Los Feliz

5750 Briarcliff Road, Los Feliz

Sales Price:  $1,742,555

Days on Market: 37

Cost per foot:  $913

Square feet: 1909;  3 beds/3 baths.  Marmol Radziner meticulously restored and reimagined mid century modern in the coveted "Oaks" neighborhood. Open floor plan, high ceilings, and floor to ceiling glass doors with views of the city from everywhere the eye can see. Eat-in cooks kitchen with top of the line appliances, flooded with light and dripping with style. The third bedroom suite has its own private entrance. Plenty of room for a pool off the balcony.


2035 N Edgemont, Los Feliz

Sales Price:  $1,480,000

Days on Market: 11

Cost per foot:  $696

Square feet: 2125;  3 beds/3 baths. Los Feliz Square home on the market for the first time in more than 40 yrs. Designed in 1933 by the architectural firm of Webster and Wilson this gracious residence fully embodies their notion of traditional colonial design as interpreted for the Southern California climate. The Living room (with one of two fireplaces), dining room and den can be accessed directly from the front hall thus offering maximum circulation and flexibility of room use. Up a beautifully proportioned spiral staircase is a large master suite (with fireplace and bath) and two additional bedrooms and hall bath. Raised paneled doors, crown moldings and other period details abound throughout. Detached two car garage with an additional bedroom suite above.


2455 Lyric, Los Feliz

Sales Price:  $1,396,000

Days on Market: 61

Cost per foot:  n/a

Square feet: n/a;  3 beds/2 baths. Franklin Hills property on a private view lot in desirable Los Feliz sits this relaxed Santa Barbara-style Spanish with an alluring element of space and design. The front entrance is announced by a meticulous designed courtyard fit w mature landscaping, beautifully designed layers of living quarters with detached flex space above garage. Mountain views are immediately noticed through nearly every window, which provide tons of natural lighting & create a welcoming ambiance.  Lavish amenities INC high, beamed ceilings, vintage hardwd flooring, built-in cabinetry, & French doors. The backyard offers an oasis for relaxation, w multiple seating areas. Soak in the sun on your private deck or cozy by the fireplace, this space invites you to enjoy the best of Los Feliz living.


2647 Canyon Drive, Los Feliz

Sales Price:  $1,270,000

Days on Market: 59

Cost per foot:  $705

Square feet: 1801;  3 beds/2 baths. Contemporary remodeled with the utmost quality and care. The open floor plan is ideal for indoor-outdoor entertaining. Flow through the living and dining area into the beautiful kitchen which boasts SS appliances, granite counter tops and generous work space. Meticulously landscaped backyard. Located in the coveted Los Feliz Oaks and just steps from Bronson Canyon Park, one of LA's best kept secrets with playgrounds and picturesque hiking trails. for hiking in the park or down to the restaurants and shops of nearby Franklin Village.


3921 Clayton Ave, Los Feliz

Sales Price:  $950,000

Days on Market: 94

Cost per foot:  $572

Square feet: 1662;  3 beds/2 baths. Post and beam 1975 two story, fully permitted remodel /addition by renown purist architect Richard Poedtke. Unobstructed views, large balcony, spacious living room with fireplace, higher ceiling, open and airy with function in mind. Back Patio and terraced back yard, and private balcony off lower first story bedroom. Minimal landscaping for low irrigation. New interior and exterior paint.