Big Home Sales Drive Price Increases in Los Feliz

Six homes from north of Los Feliz Boulevard sold in August, pulling the monthly median price for the 90027 zip code up to $1,340,000, from the typical monthly median price of $900,000 to $1,100,000, reported by DataQuick.

Homes in 90027 usually sell for between $400 to $500 per square foot, but agent John Davidson, of Mossler & Doe Associates, said, “The August prices were pulled up by the sale of a house designed by architect Roger Hong in the Los Feliz Oaks subdivision.”

“The home has been preserved exactly as Hong built it and the buyer appreciated the simple elegance of the design and the fact that it had never been altered. Up there, all the homes up there have pools and views, but in addition, this home had extraordinary architecture, said Davidson.” The Hong-designed home sold at a premium price of $700 per square foot.

The five other North Los Feliz homes sold for prices in the $505 to $542 per square foot range, which translates to prices ranging from $1,210,000 to $1,819,000.

The August sales volume of 15 homes sold in 90027 is in line with the average number of monthly sales for the last two years, of 16 homes per month, according to DataQuick. With both volume and prices holding steady, Los Feliz has not been impacted by the crisis in mortgage market.

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Actual Quotes: 1. 9/19 - Dorothy Carter, agent, Keller Williams Realty Los Feliz. “Los Feliz has always been anchored by its geographic position relative to downtown Los Angeles. Today, as downtown comes back to life, Los Feliz is at the center of the golden corridor that links downtown and the region’s entertainment centers in Burbank, Hollywood and Beverly Hills. That golden corridor is Echo Park – Silver Lake - Los Feliz – Hollywood” 2. 9/19 – John Davidson, agent, Mossler & Doe Associates. “August’s prices were pulled up by the sale of a Roger Hong architect designed home on Los Franciscos Way in the Los Feliz Oaks subdivision. The home has been preserved exactly as built and had never been altered. All the homes up there have pools and views, but this home had extraordinary architecture.”

DataQuick data

Single Family Homes Condominums SFR Only Price % Price % Chg from Chg from Sales of Price Prior Price Prior Median SFR Price Singe Median Same Sales Median Same Home % Chg Family SFR Period 1 Count Condos Period 1 Price/ Sq. from Prior Period Community Name ZIP Code Homes ($1,000) Year Ago Condos ($1,000) Year Ago Ft Month Aug-05 Los Feliz 90027 31 $855 -7.3% 1 $399 -5.6% $475 Sep-05 Los Feliz 90027 25 $1,008 17.6% 8 $414 3.6% $589 Oct-05 Los Feliz 90027 14 $1,200 17.5% 4 $578 19% $505 Nov-05 Los Feliz 90027 24 $872 -8.2% 5 $475 19.6% $539 Dec-05 Los Feliz 90027 9 $1,135 38% 1 $368 -16% $552 Jan-06 Los Feliz 90027 10 $790 -1% 2 $463 24% $594 Feb-06 Los Feliz 90027 10 $1,000 27% n/a n/a n/a $476 Mar-06 Los Feliz 90027 16 $1,233 23% 5 $580 27% $489 Apr-06 Los Feliz 90027 9 $890 -12% 1 $537 19% $649 May-06 Los Feliz 90027 18 $1,046 17% n/a n/a n/a $605 Jun-06 Los Feliz 90027 20 $883 -23% 6 $535 18% $609 Jul-06 Los Feliz 90027 9 $890 -12% 1 $537 19% $649 Aug-06 Los Feliz 90027 17 $1,022 20% 5 $415 4% $572 Sep-06 Los Feliz 90027 14 $1,048 -8% 3 $610 48% $604 Oct-06 Los Feliz 90027 18 $951 -17% 3 $425 -26% $537 Nov-06 Los Feliz 90027 12 $1,233 41% 3 $499 6% $568 Dec-06 Los Feliz 90027 18 $896 -24% 3 $395 7% $518 Jan-07 Los Feliz 90027 16 $952 25% 4 $460 -1% $516 Feb-07 Los Feliz 90027 12 $1,343 34% 4 $477 n/a $503 Mar-07 Los Feliz 90027 15 $1,000 -18% 4 $577 -1% $578 Apr-07 Los Feliz 90027 23 $1,110 17% n/a n/a n/a $606 May-07 Los Feliz 90027 15 $1,019 -3% 4 $570 34% $597 Jun-07 Los Feliz 90027 16 $1,125 27% 4 $575 7% $578 Jul-07 Los Feliz 90027 24 $985 11% 5 $639 19% $578 Aug-07 Los Feliz 90027 15 $1,340 31% 6 $530 28% $640 Dec-07 Los Feliz 90027 Total: 410 82 Average: 16 $1,109 4 $547