Los Feliz Market Update : The Tips You Need to Succeed

Los Feliz, ah Los Feliz. Homeowners all over Los Angeles have long considered this neighborhood the ideal choice. It can be likened to the Beverly Hills of the East Side, with its hillside homes, The Griffith Observatory, and two bustling commerce centers in the village – Vermont and Hillhurst Avenues. Notably, Los Feliz is home to various celebrities such as Angelina Jolie, Katie Perry, Leonardo DiCaprio, Demi Lovato, and Anthony Kiedis to name a few. What sets Los Feliz apart from other East Side neighborhoods is its enduring appeal; it has been a desirable place to live for a very long time, resulting in a robust real estate market. Whether you’re already a homeowner, a prospective buyer, or someone keen on local market trends, this report offers a comprehensive analysis of the real estate landscape in Los Feliz from June 9, 2023, to September 9, 2023 so that you can understand Los Feliz the facets of the Los Feliz property listings, and start your Los Feliz home search today. Welcome to the Los Feliz market update: the tips you need to succeed! We will dive into the Los Feliz Real Estate Market and Los Feliz Home Sales.

Los Feliz Real Estate Market: Los Feliz Homes For Sale in Diverse Price Ranges across Varied Transactions

Los Feliz boasts a vibrant real estate market with properties spanning a wide range of price brackets, though typically skewing higher. We hope this article boosts your interest in your Los Feliz home search. Here’s an overview of properties sold within different price ranges, along with their average days on market (DOM):

Los Feliz Real Estate Market: Entering the Market

Commencing at the $750,000 – $799,999 range, three properties swiftly found new owners, averaging 29 days on the market. This range mainly comprised condos and major fixer-uppers.

Los Feliz Real Estate Market: Mid-Range Momentum

Progressing upwards, the $850,000 – $899,999 range witnessed two properties being sold, each spending an average of 74 days on the market.
Simultaneously, the $950,000 – $999,999 range featured two properties sold with an average DOM of 17 days.

Los Feliz Real Estate Market: Million-Dollar Zone

The million-dollar range truly showcased the vivacity of the Los Feliz market. Within the $1,000,000 – $1,249,999 range, five properties were sold, astonishingly averaging just 7 days on the market.
This trend continued in the $1,250,000 – $1,499,999 range, mirroring the success with five properties sold and an average DOM of 20 days.
Remarkably, entry-level in Los Feliz begins at $1,000,000 to $1,250,000. An average of 7 days on the market underlines the high demand within this price range.

Los Feliz Real Estate Market: Luxury Living

The Los Feliz real estate market continued to flourish in the $1,500,000 – $1,749,999 range, where six properties found eager buyers with an average DOM of 24 days.
Moving into the $1,750,000 – $1,999,999 range, four properties were successfully sold within an average of 20 days. It’s worth noting that properties below Los Feliz Blvd fall within this range at times, emphasizing the diversity in the real estate offerings.

Los Feliz Real Estate Market: Upper Echelons

Los Feliz home sales that transitioned into higher price ranges, the $2,000,000 – $2,249,999 range showcased the sale of four properties with an average DOM of 14 days. Stepping further, the $2,250,000 – $2,499,999 range saw ten properties finding new owners, albeit with an average of 46 days on the market.

Los Feliz Real Estate Market: Luxury Peaks

Two Los Feliz property listings were in the $2,500,000 – $2,749,999 range swiftly sold in just 4 days.
Moving to the $3,000,000 – $3,249,999 range, two properties were sold with an average DOM of 14 days,
while the $3,250,000 – $3,499,999 range featured two properties sold in 17 days.

Los Feliz Real Estate Market: Summit of Luxury

At the pinnacle of luxury, the market showcased its resilience. In the $3,500,000 – $3,749,999 range, one property was swiftly sold in 17 days.
Likewise, the $3,750,000 – $3,999,999 range featured three properties sold but with an average DOM of 79 days. Now, we’re in the Hills. Expect the best views of LA you’ve ever seen here.

Los Feliz Real Estate Market: High-End Estates

In the $4,000,000 – $4,249,999 range, one property changed hands with an average DOM of 20 days.
Similarly, one property in the $4,250,000 – $4,499,999 range sold in 44 days.

Los Feliz Real Estate Market: The Elite Few

The market concluded with high-value transactions. Two properties in the $4,500,000 – $4,749,999 range were sold, each spending an average of 79 days on the market.
A single property in the $4,750,000 – $4,999,999 range was sold in 19 days. This significant leap is where you’ll start getting more exterior square footage. Highly coveted in the densely packed hills.

Los Feliz Real Estate Market: The Pinnacle of Luxury

The most exclusive transactions included one property each in the $5,500,000 – $5,749,999 range (5 days on market),
the $8,500,000 – $8,749,999 range (2 days on market),
the $9,250,000 – $9,499,999 range (no DOM recorded),
and the $9,750,000 – $9,999,999 range (31 days on market). 5 days on market?! 2 days on market?

This is billionaire territory and they’re flocking to Los Feliz. Want to follow the 1%? It’s here.

Market Summary

All in all, 60 Los Feliz property listings transitioned to new Los Feliz home sales during this period, boasting an average DOM of 29 days. The market showcased its dynamism with a minimum sold price of $760,000 and a maximum of $9,800,000. The average sold price stood impressively at $2,606,483, while the median price settled at $2,217,003.

Los Feliz: Your Timeless Haven in the Heart of LA

The Los Feliz real estate market with a steadfast presence, is undoubtedly here to stay. Los Feliz property listings have an average DOM of 29 days, properties are swiftly finding takers, affirming the strong demand to reside in this area. Adding to this Los Feliz is the preferred residence for some of the highest earners in Los Angeles who opt to rent. If you’re intrigued by specific properties or need tailored advice for your Los Feliz home search, don’t hesitate to reach out to local real estate experts. Stay tuned for future updates as we vigilantly monitor and analyze the evolving trends in the Los Feliz real estate market.

I am a Californian born here in Los Angeles. As a top graduate of the AACSB internationally accredited California State University of Los Angeles School of Business and Economics, I have accelerated my career as a residential real estate advisor by combining my passion for California history, writing, architectural preservation, and extensive sales background. My marketing and negotiation skills, combined with community outreach have helped me build a solid reputation with our clients.

I am a Senior Real Estate Specialist (SRES®) working closely in the communities that we serve with our mature clients. When I am not listing or selling some of California’s finest homes, I turn my focus to early 20th-century California collectibles. My e-commerce business Golden State Decor on Etsy celebrates the rich history of the Golden State with one-of-a-kind procured items while contributing directly to the California Conservation Corps Foundation.

A Californian born here in Los Angeles, David has spent his whole life in California. As a top graduate of the AACSB internationally accredited California State University of Los Angeles School of Business and Economics, he has accelerated his career as a residential real estate advisor combining his passion for California history, writing, architectural preservation, and extensive sales background.

David is a Senior Real Estate Specialist (SRES®) holding certifications in Probate and Trust Sales and Accessory Dwelling Units. His marketing and negotiation skills, joined with community outreach have helped him build a solid reputation with his clients.

Recently he represented a record-breaking sale for the most expensive home ever sold in Echo Park at 744 Sq. Ft. On the buying side, he knows the terrain, from negotiation, strategy, emerging markets, and the geographic pockets where the hidden gems lay. He continues to empower his clients with this knowledge, helping them get closer to building wealth and financial independence.

When David isn’t listing or selling some of California’s finest homes, he turns his focus to early 20th Century California antiques and collectibles. His e-commerce business Golden State Decor on Etsy celebrates the rich history of the Golden State with one-of-a-kind procured items while contributing directly to the California Conservation Corps Foundation.