Los Feliz Real Estate Market Update: September 2009
Low priced Los Feliz real estate is selling relatively quickly, however there is a relatively large inventory homes for sale in the area right now. The mls show the current active listing inventory in the 90027 zip code to be 67 homes. The follow chart shows Los Feliz Real Estate Market activity for the Month of September, 2009.
Now let's take a look at some year to date figures from January 1, 2009 through September 30, 2009. These figures are for single family homes in Los Feliz (zip code 90027) only and to not include Los Feliz condos or income properties.
Los Feliz Home Sales Year-to-date from January 1st, 2009 through September 30, 2009
- Number of Single Family Homes SOLD: 80
- Highest price - $4,000,000
- Median price -$968,750
- Average price -$1,219,791
- Lowest price - $391,500
- Average Days on the Market - 59
- Average Square footage 2,642.92 sf
- Average price per square foot- $467.87
According to the information provided in the MLS, of the total number of single family homes sold in Los Feliz so far this year, 16 where short sales and 11 where bank owned, meaning approximately 34% of the total where distresses sales.
Los Feliz prices vary by location, school district, property size and condition. The following chart shows that the majority of sale of Los Feliz single family homes this year have sold between $750,000 and $1,000,000. If you have been hoping to find a house in Los Feliz for $500,000 or less you'll see that relatively few homes have sold in that range. This price range is not only very competitive, but the majority of the properties are major fixers, very small, and/or in less desirable areas.
For more information on Los Feliz, Silver Lake, Echo Park and surrounding areas, contact me directly at 213-215-4758 or check out LApropertySolutions.com
Broker Associate
Keller Williams Realty, Los Feliz
213-215-4758
http://www.LApropertySolutions.com
Jenny nice job with your market report! Yes I do believe that the market reports bring business. The thing about blogging though is that if you really want to do well with it you need to have an understanding of how SEO works. You need to have your blog being found in many places:)
Thanks- I'm learning as I go. There's obviously alot to learn about SEO and I'm barely scratching the surface, I know.