Los Feliz, Los Angeles Homes for Sale 1/17/11

Los Feliz, Los Angeles Homes for Sale

Below is the current home activity for sale in Los Feliz for single family residences in the past seven weeks.

There are currently 52 active Los Feliz homes for sale in a huge price range from $365,000-$7,495,000 in which 8 of these are Short Sales.

There are also 4 additional homes listed as a Short Sale, but they are in backup offers ranging from $349,000-$750,000.  In the case of a backup offer, this usually means that the seller is allowing backup offers to be submitted on the property, while the lien holder(s) is pending approval.

Additionally, there are 25 homes in pending status and scheduled to close in escrow.  These range from $199,000-$2,895,000 at their list prices.

In the past seven weeks, there were 5 homes in Los Feliz that sold. The first home was a standard sale that sold for $315,000 which was 113% of list price at $379 per sq.ft.  The second home was a standard sale that sold for $450,000 which was 98% of list price at $434 per sq.ft.  The third home was a Short Sale that sold for $520,000 which was 98% of list price at $379 per sq.ft.  The fourth home was a Short Sale that sold for $739,000 which was 100% of list price at $426 per sq.ft.  The fifth home was a Short Sale that sold for $1,140,000 which was 91% of the list price at $368 per sq.ft.

I will continue to keep you connected with the real estate market in this community.  Stay tuned or subscribe for future blog posts.

Side note: Los Feliz is an affluent, hilly neighborhood in the district of Hollywood.  It’s home to the southern face of Griffith Park, which includes the Griffith Observatory and the Greek Theatre.  Los Feliz is bordered by Hollywood Boulevard to the south, Hyperion Avenue to the southeast, Griffith Park to the north, Interstate 5 to the east, and Western Avenue to the west.

Los Feliz village offers numerous restaurants and bars.  They are mostly located on Hillhurst between Los Feliz Boulevard and Prospect Avenue, and on Vermont between Franklin Avenue and Hollywood Boulevard adjacent to the neighborhoods of Hollywood and Silver Lake.

Let me know.  Would you consider living in Los Feliz?

If I can be of any assistance to you in buying or selling your home, please contact me.

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