Mount Washington Real Estate Market Analysis

Mount Washington Real Estate Market Snapshot with Important Breakdown and Analysis

You have landed on the Mount Washington real estate market snapshot with an important breakdown and analysis! Known for its hilly and windy roads, Mount Washington boasts parks and rugged hillside spaces. Notable nearby features include the historic Arroyo Seco channel and the Los Angeles River. Mount Washington stands out as an extremely desirable area, not only due to its proximity to downtown Los Angeles but, perhaps more importantly, owing to its “best-kept secret” philosophy, and the there famous Mount Washington view homes!

In recent years, many homebuyers have increasingly found attraction to Mount Washington property listings as a relatively affordable alternative to the west side of the city. The district is generally considered the most affluent area of the east side, though not as affluent as the neighboring cities of South Pasadena, San Marino, and southwest Pasadena.

Whether you’re a current resident, a prospective buyer, or simply interested in Mount Washington property listings, Mount Washington homes for sale, Mount Washington real estate market in general or more rarified air like the Mount Washington view homes, this report offers a detailed analysis of the Mount Washington real estate market from June 9, 2023, to September 9, 2023.

Mount Washington Homes For Sale in Diverse Price Ranges across Varied Transactions

Mount Washington’s real estate market presents a range of homes catering to different budgets and preferences. Here’s a breakdown of the Mount Washington homes for sale, sold in various price brackets, along with their average days on the market (DOM) in the Mount Washington real estate market:

Mount Washington Real Estate Market: Entry-Level Options

  • One property sold in the $400,000 – $449,999 range, with no recorded DOM.

Mount Washington Real Estate Market: Mid-Range Movement

  • The Mount Washington real estate market displayed mid-range activity, with one property sold in the $550,000 – $599,999 range (43 days on market).
  • In the $750,000 – $799,999 range, two properties were sold with an average DOM of 80 days.

Mount Washington Real Estate Market: A Hint of Luxury

  • A property in the $800,000 – $849,999 range sold within 20 days.
  • Another property in the $900,000 – $949,999 range found a new owner within 16 days.

Mount Washington Real Estate Market: Entering the Million-Dollar Realm

  • The market truly shined in the million-dollar range. In the $950,000 – $999,999 range, one property sold within 42 days.
  • The $1,000,000 – $1,249,999 range featured three properties sold with an average DOM of 12 days.

Mount Washington Real Estate Market: Strong Million-Dollar Presence

  • In the $1,250,000 – $1,499,999 range, 11 properties found buyers with an average DOM of 18 days.

Mount Washington Real Estate Market: Luxury Living & Mount Washington View Homes

  • The luxury segment continued to impress, with two properties sold in the $1,500,000 – $1,749,999 range (average DOM: 38 days).
  • Similarly, in the $1,750,000 – $1,999,999 range, two properties were sold in 76 days on average.

Mount Washington Real Estate Premium Properties

  • In the $2,000,000 – $2,249,999 range, three properties were sold in 45 days on average.
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Market Summary

Mount Washington Real Estate Market Monthly Update

In total, 28 Mount Washington property listings were sold during this period, with an average DOM of 31 days. The Mount Washington real estate market displayed its diversity, with a minimum sold price of $445,000 and a maximum of $2,225,000. The average sold price stood at $1,308,920, with the median price at $1,292,500.

Recent Mount Washington Real Estate Update

The median sales price for single-family homes sold in the 90065 ZIP Code from September 2022 to September 2023 is $1,282,500. The lowest-priced home ranged from $445,000 to $3mil, with a medium average of $826 per sq ft sold. Of the 102 listings sold, the average time on the market was 31 days with the medium days being 15.

Current Mount Washington Real Estate Market

There are 15 active listings listed on TheMLs in the Mount Washington real estate market as of the date of this article that range from $799k for turn-key upwards to $1.95mil.

Mount Washington: A Landscape of Tradition and Transition in Real Estate

Mount Washington is renowned not for its nightlife, but for its steep streets and sweeping vistas that span from the Pacific Ocean to the San Gabriel Mountains and beyond. Although the neighborhood’s steep and curving streets prevent it from boasting major thoroughfares, some local shops and quick snack establishments are making their homes closer to Mount Washington. Small artisanal shops featuring local artwork and organic eats have started popping up in the last few years along its borders.

The region is rich in architectural heritage that seamlessly blends with today’s modern era of new construction and design. Please reach out with your questions. As local experts, we are here to provide you advice regarding the myriad opportunities to enter the market or get your home prepped and listed for top dollar. Stay tuned for future updates as we continue to monitor and analyze the evolving trends in the Mount Washington real estate market.

Mount Washington Real Estate Market Analysis
David Clark Real Estate Advisor with The Shelhamer Group. Hurry California's Spectacular Dream For All Program Is Here, Dream For All Program, Down Payment Assistance, First Time Home Buyers, CalHFA Dream For All Loan

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. 

David Clark Real Estate Advisor with The Shelhamer Group. Hurry California's Spectacular Dream For All Program Is Here, Dream For All Program, Down Payment Assistance, First Time Home Buyers, CalHFA Dream For All Loan

Architectural Property Specialist DRE:02134556

 

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.

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