Los Feliz Real Estate Market Recap for the Week Ending May 29, 2016

A WEEKLY RECAP AND BEHIND THE SCENES LOOK AT WHAT HAPPENED IN LOS FELIZ REAL ESTATE HOME SALES FOR THE WEEK ENDING MAY 29, 2016

ACTIVE HOMES FOR SALE IN LOS FELIZ: 41 (DOWN FROM 44 LAST WEEK); PRICES RANGING FROM $827,080 TO $6,545,000

  • Median Price: $1,728,000 (last week: $1,642,000)

  • Average days on market: 46 (↓)
  • Average cost per foot:  $766 (↑)
  • For sale properties over $2 million:  19 (↑)
  • Number of price reductions:  10 (↑)

Pending Home Sales:  32 (up from 29 last week and 27 two weeks ago);  prices ranging from $679,000 to $3,997,000

  • 7 new pending sales last week (3 last week)
  • 7 pending sales over $2 million (down from 7 last week)

3 homes sold last week:

  • Average cost per foot:  $712
  • Average days on market:  46
  • Median price:  $1,357,114

2 Homes Listed Last Week in Los Feliz

3 Homes Sold Last Week in Los Feliz

5740 Spring Oak Terrace, Los Feliz

Sales Price:  $2,200,000

Days on Market: 116

Cost per foot:  $833

Square feet: 2640;  4 beds/4 baths.  Special notes:  Re-imagined 2 story Monterrey Colonial painstakingly restored & seamlessly updated to offer state of the art amenities, while maintaining the classic architectural integrity of this superbly proportioned traditional home. Located on a quiet cul-de-sac in the Los Feliz "Oaks" neighborhood, home offers flowing, open plan living spaces that seamlessly combine indoor and outdoor entertainment areas for the ultimate southern California experience. Oak floors & French doors that open to exceptionally private professionally landscaped grounds with a sparkling new pool. 


1967 N Van Ness Ave, Los Feliz

Sales Price:  $1,357,114

Days on Market: 12

Cost per foot:  $571

Square feet: 2377;  4 beds/2 baths.  Special notes: Incredible opportunity in Historically Preserved Hollywood Grove neighborhood bordering Hollywood Hills East and Los Feliz. 1917 built California Craftsman is filled with character and undeniable creative energy in the lush foothills. Spacious and open floor-plan is flooded with light and provides a variety of options for modern living needs. Living room features a wood burning fireplace and sun room with picture windows. 


3355 Wood Terrace, Los Feliz

Sales Price:  $1,118,000

Days on Market: 9

Cost per foot:  $731

Square feet: 1529;  3 beds/2 baths.  Special notes: Nestled on a great street near Griffith Park, Silverlake & shops, restaurants, a beautiful traditional in the heart of Los Feliz has a formal entrance, beam ceilings, hardwood floors, tastefully restored kitchen w/stainless appliances and 2 remodeled luxury baths, gated driveway and private 2 car garage. Fresh low water landscaping, terraces & patios, bay windows & French doors bring in sunlight in this rare offering in the Ivanhoe School District.