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🏡 January 2024 Luxury Real Estate Market Update & Trends for Bel Air – Holmby Hills 🌟

🔻 Avg Sales Price: $5.46 million, 📉 down 1% Room for Negotiation!

🔻 Avg List Price $21.44 million, 📉 down 1%

🔻 Properties Sold: 7, 📉 down 9%

🔼 Days on Market: 55 📆, 📈 UP 23%

🔻 $/Sq FT: $974, 📉 down 18%

#belair #holmbyhills #sellingla #realestate #marketsnapshot #luxuryrealestate #realestateupdate #belairhousingmarket #la #Belairhomeprices #realtor #realestate #homes #homes for sale #homeprices #toprealtor #bestagent #buyingahome #sellingahome

Welcome to the grandeur of Bel Air and Holmby Hills, two of Los Angeles’ most prestigious neighborhoods, nestled just west and northwest of Beverly Hills. These enclaves are synonymous with luxury, offering a spectrum of homes that cater to a variety of tastes and budgets, from the modest $1.2 million to the staggering $300 million. Holmby Hills, with its more exclusive market, presents properties starting at around $12 million, showcasing the uniqueness of each area.

A Comparative Glance at January’s Market Dynamics
As we dive into January 2024, the real estate landscape in these opulent neighborhoods presents intriguing insights compared to the broader Beverly Hills market. The average sales price in Bel Air and Holmby Hills stands at $5.46 million, marking a subtle 1% decrease from the preceding quarter. Despite this slight dip, the average list price holds strong at $21.44 million, reflecting the premium nature of properties awaiting discerning buyers.

Market Activity and Opportunities
January witnessed the sale of seven properties, a 9% decrease from the previous period, indicating a selective market that values quality over quantity. The days on market have risen to an average of 55, up 23%, suggesting buyers are taking their time to make informed decisions in these exclusive locales. Moreover, the price per square foot has adjusted to $974, down 18%, offering room for negotiation in acquiring a piece of these coveted areas.

The Diverse Appeal of Bel Air and Holmby Hills
Whether you’re drawn to the expansive estates of Bel Air or the exclusive ambiance of Holmby Hills, both areas offer unparalleled luxury outside the bustling city of Beverly Hills. Bel Air provides a broad range of pricing options, from relatively accessible entry points to the pinnacle of real estate opulence, whereas Holmby Hills caters to those seeking grandeur at a starting price of $10-11 million.

Final Thoughts
Bel Air and Holmby Hills continue to stand out as jewels in Los Angeles’ luxury real estate crown, offering a blend of majestic living spaces, breathtaking views, and proximity to the city’s finest amenities. Whether you’re considering a move to these distinguished neighborhoods or simply keeping an eye on the market, January’s insights reveal a landscape rich with opportunity and refinement. For those looking to live adjacent to Beverly Hills, Bel Air, and Holmby Hills represent the pinnacle of luxury and exclusivity, making them perfect choices for discerning homeowners and investors alike.

I had a great time being interviewed by Candice Barr from Lux Life Media for an insightful interview.

I had a great time being interviewed by Candice Barr from Lux Life Media for an insightful interview. 🌟✨ The conversation flowed effortlessly, touching on topics that are close to my heart, making every moment truly memorable. It was an honor to share my thoughts and stories with someone as perceptive and engaging as Candice. A massive thank you to Nick and Chris, the wizards behind the camera, whose expertise and dedication brought this interview to life. 🎥👏. Candice, thank you for this wonderful opportunity to connect and share. I left our chat feeling inspired and excited for what the future holds. Looking forward to crossing paths again and diving into more enriching conversations. 🚀💼📚 #LuxLifeMedia #CandiceBarrInterview #BehindTheScenes #ChristopheChooInterviews #EngagingConversations #MediaCollaborations #FutureExcitement #SharingStories

🏡 January 2024 Luxury Real Estate Market Update & Trends for The Sunset Strip- Hollywood Hills 🌟

🔼 Avg Sales Price: $2.41 million, 📉 down 13%

🔼 Avg List Price $6.98, 📈 UP 6% It’s a hot market!

🔻 Properties Sold: 7, 📉 down 61%

🔼 Days on Market: 48 📆, 📈 UP

🔻 $/Sq FT: $953, 📉 down 6%

#sunsetstrip #hollywoodhillswest #sellingla #realestate #marketsnapshot #luxuryrealestate #realestateupdate #sunsetstriphousingmarket #la #sunsetstriphomeprices #realtor #realestate #homes #homes for sale #homeprices #toprealtor #bestagent #buyingahome #sellingahome

Welcome to the glamorous and ever-evolving real estate scene of Sunset Strip – Hollywood Hills West, a coveted enclave that straddles the dynamic borders of Los Angeles and Beverly Hills. As January 2024 unfolds, we dive into the latest market trends that paint a vivid picture of this prestigious area, known for its breathtaking views, iconic lifestyle, and proximity to the heart of entertainment and luxury in Southern California.

A Snapshot of Change and Opportunity

The Sunset Strip – Hollywood Hills West area, a beacon for luxury living and architectural marvels, has seen intriguing shifts in its real estate dynamics as we step into 2024. The average sales price in this neighborhood currently stands at $2.41 million, experiencing a 13% decrease compared to the previous quarter. This adjustment in pricing could signal a unique opportunity for buyers looking to enter this exclusive market at a more approachable entry point.

The Highs and Lows of Listing

On the flip side, the average list price has seen an uptick, currently pegged at $6.98 million, marking a 6% increase from the past. This rise reflects a confident market outlook from sellers, anticipating strong demand for the unparalleled lifestyle offered by the Sunset Strip – Hollywood Hills West locale. Despite the decrease in the number of properties sold, which dropped by 61%, the area remains a hotbed for high-net-worth individuals seeking the quintessential Los Angeles luxury experience.

Time on Market and Price Per Square Foot

Properties are spending an average of 48 days on the market, a slight increase of 4%, indicating a market that is adjusting yet resilient. The price per square foot has also seen a modest adjustment to $953, down by 6%, offering a more nuanced understanding of the property values in this area. This metric underscores the premium nature of real estate here, where each square foot encapsulates the essence of luxury and exclusivity.

Sunset Strip – Hollywood Hills West: A Realm of Views and Vistas

Nestled just north of Sunset Boulevard and in close proximity to Beverly Hills, this area offers residents spectacular views and a lifestyle defined by sophistication and ease. The Sunset Strip itself is a cultural and nightlife artery, offering endless entertainment options, while the seclusion of the Hollywood Hills West provides a serene escape from the city’s hustle and bustle.

Looking Ahead: The Sunset Strip – Hollywood Hills West Market

As we navigate through 2024, the Sunset Strip – Hollywood Hills West area continues to be a magnet for those who seek luxury, location, and lifestyle. For potential buyers and investors, the current market trends indicate a period of adjustment, presenting opportunities for those ready to engage with this vibrant community. For sellers, the market remains robust, with the allure of the area holding strong.

In conclusion, the Sunset Strip – Hollywood Hills West real estate market is a complex tapestry of luxury, culture, and opportunity. Whether you’re considering buying a dream home with panoramic views or selling a prized property, understanding the latest market trends is key. Let’s explore what this iconic area has to offer and navigate the path to your real estate goals together.

Stay tuned for more updates and insights into the luxury real estate market of Los Angeles and Beverly Hills. Here’s to discovering the endless possibilities that await in the heart of Southern California’s most sought-after neighborhoods.

🏡 January 2024 Luxury Real Estate Market Update & Trends for the Beverly Hills Post Office! 🌟

🔻 Avg Sales Price: $3.76 million, 📉 down 36%.

🔼 Avg List Price $14.02 million, 📈 UP 13%

🔻 Properties Sold: 3 , 📉 down 53%.

🔼 Days on Market: 71 📆, 📈 UP 15% Room for Negotiation!

🔼 $/Sq FT: $1,057, 📈 UP 2%

#beverlyhillspostoffice #sellingbeverlyhills #realestate #marketsnapshot #luxuryrealestate #realestateupdate #beverlyhillsPOhousingmarket #la #BeverlyhillsPOhomeprices #realtor #realestate #homes #homes for sale #homeprices #toprealtor #bestagent #buyingahome #sellingahome

Welcome to the Beverly Hills Post Office (BHPO) area, where the prestige of a Beverly Hills, California, 90210 address meets the allure of more accessible pricing. January 2024 has brought intriguing shifts and opportunities in this unique sector nestled north of the city of Beverly Hills, offering a blend of luxury, exclusivity, and value that savvy buyers and investors should not overlook.

A Snapshot of January’s Market Dynamics

The BHPO area, renowned for its serene hillside settings and stunning canyon views, presents an attractive proposition for those dreaming of the Beverly Hills lifestyle without the quintessential Beverly Hills price tag. This January, the average sales price in BHPO dipped to $3.76 million, a notable 36% decrease, reflecting a market that, while still luxurious, offers significant value compared to its more famed counterpart.

Despite the drop in sales prices, the average list price has climbed by 13% to $14.02 million, signaling confidence among sellers in the area’s enduring appeal. However, with only three properties changing hands this month—a 53% decrease—potential buyers might find fewer options but more room for negotiation, especially considering the average days on the market has risen to 71 days, up by 15%.

Price Per Square Foot: A Key Indicator

One of the most telling metrics in real estate, the price per square foot, stands at $1,057 for BHPO, up slightly by 2%. When compared to the city of Beverly Hills, where the price per square foot hovers around $1,580, BHPO emerges as a compelling option for those seeking space, privacy, and luxury at a more approachable price point.

Why BHPO is Your Next Dream Address

The BHPO area offers a unique blend of the Beverly Hills prestige with the tranquility and beauty of a canyon setting. Its relative affordability, combined with the luxury and exclusivity associated with the 90210 ZIP code, makes it a sought-after location for buyers looking for the best of both worlds. Whether you’re in the market for a primary residence or a scenic vacation home, BHPO provides a gateway to the coveted Beverly Hills lifestyle with the added bonus of breathtaking views and a closer connection to nature.

Embrace the Opportunity

As we navigate the evolving landscape of Beverly Hills Post Office real estate, the trends of January 2024 highlight a market ripe with opportunities for discerning buyers. With its prestigious address, more accessible price points, and the promise of luxury living amidst the hills, BHPO stands out as a smart choice for those looking to invest in or relocate to this exclusive enclave of Los Angeles.

Whether you’re drawn to the allure of Beverly Hills or the serene beauty of canyon living, BHPO offers a unique opportunity to own a piece of one of the most desirable locations in the world. Let’s explore how you can make this hidden gem your next dream home or investment in the heart of Los Angeles’ luxury real estate market.

🏡 January 2024 Beverly Hills Luxury Real Estate Market Update & Trends! – Christophe Choo. 🌟

🔼 Avg Sales Price: $9.76 million, 📈 UP 16% It’s a hot market!

🔻 Avg List Price $16.22, 📉 down 1%. Room for negotiation!

🔼 Properties Sold: 11, 📈 UP 65%

🔻 Days on Market: 68 📆, 📉 down 33%.

🔻 $/Sq FT: $1,537, 📉 down 3%.

#beverlyhills #sellingbeverlyhills #realestate #marketsnapshot #luxuryrealestate #realestateupdate #beverlyhillshousingmarket #la #Beverlyhillshomeprices #realtor #realestate #homes #homes for sale #homeprices #toprealtor #bestagent #buyingahome #sellingahome

Welcome to the Beverly Hills luxury real estate scene, where January 2024 has set the stage for a year of promising opportunities and vibrant market activity. The iconic city, renowned for its unparalleled luxury and prestige, is experiencing a wave of positive momentum, with an uptick in sales prices, a surge in property sales, and a notable decrease in market time. Let’s delve into the heart of Beverly Hills’ real estate dynamics and discover what these trends mean for potential buyers and sellers.

A Surge in Sales and Prices
The Beverly Hills market is currently witnessing a robust increase in average sales prices, which have soared to $9.76 million, marking a significant 16% rise over the last 90 days. This upward trajectory in sales prices reflects the city’s enduring appeal and the high demand for its exquisite properties. Interestingly, the average list price has seen a slight adjustment, decreasing by 1% to $16.22 million, suggesting that sellers are strategically pricing their properties to attract discerning buyers.

Properties Moving Quickly
January has brought a refreshing boost in the number of properties sold, with a total of 11 homes finding new owners. This represents a remarkable 65% increase from the previous 90 days, indicating a revitalized interest in Beverly Hills’ luxury living. The quicker market time, now averaging at 68 days (down 33% from the last cycle), underscores a more dynamic market where properties are moving swiftly from listing to closing.

Price Per Square Foot: A Key Indicator
The price per square foot, an essential metric for gauging property values, stands at $1537, holding relatively steady with a modest 3% decrease from the prior period. This stability in pricing per square foot points to a market that, while competitive, still offers value and quality in every inch of its luxury estates.

Beverly Hills: A Coveted Destination
The start of 2024 paints Beverly Hills as a thriving real estate marketplace, attracting a mix of buyers looking for primary residences, vacation homes, or investment opportunities. The city’s allure, coupled with its strong market indicators, makes it an ideal locale for those seeking the epitome of luxury and sophistication.

Embracing Beverly Hills Luxury
Whether you’re considering relocating to this iconic city or searching for the perfect vacation retreat, the current market conditions in Beverly Hills offer a wide array of opportunities. With properties selling faster, prices on the rise, and a vibrant atmosphere of luxury, now is an opportune time to explore what Beverly Hills has to offer.

🏡 December 2023 Luxury Real Estate Market Update & Trends for Malibu, CA 🌟

🔻 Avg Sales Price: $3.93 million, 📉 down 19%. Room for negotiation!

⚪️ Avg List Price $9.20 million, no change 0%

🔻 Properties Sold: 7, 📉 down 9%

🔼 Days on Market: 85 📆, 📈 UP 59%

🔻 $/Sq FT: $1,155, 📉 down 24%

#malibu #malibuhills #sellingla #realestate #marketsnapshot #luxuryrealestate #realestateupdate #malibuhousingmarket #malibuhomeprices #realtor #realestate #homes #homesforsale #homeprices #sellingahome #buyingahome #toprealtor

Welcome to the stunning landscape of Malibu Hills, the other side of the Pacific Coast Highway (PCH), where luxury meets tranquility. While it’s distinct from the oceanfront allure of Malibu Beach, the Malibu Hills area offers its own unique charm, especially for those seeking breathtaking ocean views from an elevated vantage point. Let’s dive into the December 2023 real estate market update for Malibu Hills and explore what makes this area a coveted destination.

The Diverse Malibu Hills Market

Malibu Hills, east of PCH, is not your typical beachside location. Here, you’re perched up in the hills, amidst a diverse range of properties. With starting prices around $1.5 to $1.6 million, the area caters to a variety of lifestyles and preferences. December saw the average sales price in Malibu Hills at approximately $3.93 million, reflecting a 19% decrease compared to the previous 90 days. This adjustment in prices might signal an opportune moment for buyers looking to step into the Malibu lifestyle.

Estate Living in the Hills

The average list price in Malibu Hills held steady at $9.2 million, indicative of the substantial estates that dot the landscape. These sprawling properties offer more than just a home; they’re gateways to a lifestyle defined by luxury and expansive ocean views. The consistency in list prices suggests a stable market, one that continues to attract high-end buyers.

Sales Dynamics and Market Time

In December, the Malibu Hills area saw seven properties sold, a decrease of 9% from the previous cycle. The market time was around 85 days, up by 59% from the earlier period. While these figures might suggest a slower market, it’s essential to consider the exclusivity of properties in this area. A slightly longer market time is not uncommon for high-value estates.

Price Per Square Foot Analysis

The price per square foot in Malibu Hills was around $1,155, down by about 2% from the previous 90-day cycle. While not as high as the staggering prices in Malibu Beach, this figure still represents the premium quality of life and real estate in the hills of Malibu.

Malibu Hills vs. Malibu Beach

The choice between Malibu Hills and Malibu Beach often comes down to personal preference. Do you prefer direct beach access, or are sweeping ocean views from a hilltop more your style? Malibu Hills offers an alternative to beachside living while still embodying the essence of the luxurious Malibu lifestyle.

🏡 December 2023 Luxury Real Estate Market Update & Trends for Malibu Beach, CA 🌟

🔼 Avg Sales Price: $16.08 million, 📈 UP 48%

🔻 Avg List Price $16.76 million, 📉 down 16%

🔼 Properties Sold 4, 📈 UP 20%

🔻 Days on Market: 39 📆, 📉 down 52%

🔼 $/Sq FT: $4,788, 📈 UP 21% It’s a hot market!

#malibubeach #malibu #sellingla #realestate #marketsnapshot #luxuryrealestate #realestateupdate #malibubeachhousingmarket #la #malibubeachhomeprices #realtor #realestate #homes #homeprices #buyingahome #sellingahome #bestrealtor #topagent #toprealtor #bestagent

Welcome to the sun-kissed shores of Malibu Beach, a name synonymous with luxury and exclusivity in the world of real estate. As we dive into the December 2023 market update, the trends in Malibu Beach are not just about properties; they’re about a lifestyle coveted by many, including celebrities like Jay-Z and Beyonce who made headlines with their near $200 million purchase. Malibu Beach, distinct from the Malibu Hills, offers an unparalleled oceanfront living experience that’s in a league of its own.

A Surge in the Market

December saw a staggering surge in the average sales price in Malibu Beach, skyrocketing to $16 million, a phenomenal 48% increase. This jump is not just a number; it reflects the growing allure of Malibu Beach as a pinnacle of luxury living. The area’s real estate market outshines its neighbors, Santa Monica and Venice, even in the winter months – a testament to its enduring appeal.

The Spotlight on Sales and Market Time

Malibu Beach’s market dynamics are intriguing. While the average sales price saw a significant upswing, the average list price experienced a dip to $16.76 million, down by about 16%. Despite this, the number of properties sold in December went up by 20% from the previous cycle. These figures suggest a vibrant market, with properties not just listed but actually changing hands, reinforcing Malibu Beach’s status as a sought-after location.

Record-Breaking Price Per Square Foot

Perhaps the most eye-catching trend in Malibu Beach is the price per square foot. At almost $5,000, it’s currently the highest on the west side, marking an impressive 21% increase from the previous 90 days. This staggering figure emphasizes the premium attached to living in Malibu Beach, where every square foot of property is a piece of paradise.

Why Malibu Beach?

So, what’s driving this surge in Malibu Beach? It’s more than just the properties; it’s the promise of a lifestyle that’s literally on the water. Malibu Beach offers an escape into a world where the ocean is your backyard, and luxury is a way of life. It’s a place where the market’s vitality is matched only by the waves that kiss its shores.

Wrapping Up

In conclusion, Malibu Beach’s real estate market in December 2023 painted a picture of a vibrant, luxurious, and highly sought-after locale. Whether it’s the allure of oceanfront living, the prestige of owning a property in one of the most exclusive areas, or the record-breaking market trends, Malibu Beach continues to set the bar high in the world of luxury real estate.

🏡 December 2023 Luxury Real Estate Market Update & Trends for Hollywood Hills East 🌟

🔼 Avg Sales Price: $3.01 million, 📉 down 22%.

🔼 Avg List Price $3.06 million, 📈 UP 3%

🔻 Properties Sold: 5, 📉down 12%

🔻 Days on Market: 43 📆, 📉down 29%

🔻 $/Sq FT: $915, 📉down 3%

#hollywoodhills #hollywoodhillseast #realestate #marketsnapshot #sellingla #luxuryrealestate #realestateupdate #hollywoodhillshousingmarket #la hollywoodhillshomeprices #realtor #realestate #homes #homeforsale #homeprices #buyingahome #sellingahome #toprealtor #bestagent

Nestled in the heart of Los Angeles, Hollywood Hills East is an area steeped in the glamour and history of old Hollywood. Once the abode of celebrities in the early days of Hollywood, this region offers a unique blend of vintage allure and contemporary lifestyle, making it a fascinating subject for our December real estate market update.

Hollywood Hills East: A Market on the Rise
December 2023 saw the Hollywood Hills East real estate market experiencing intriguing shifts. The average sale price in this iconic area has risen to just over $3 million, marking a significant 22% increase in the last 90 days. This increase in value reflects the area’s growing appeal, particularly among first-time buyers who find Hollywood Hills East a more accessible option compared to its western counterpart.

A Closer Look at Market Trends
The average list price in Hollywood Hills East also witnessed an upward trend, reaching slightly above $3 million, an increase of 3%. However, the number of properties sold in December dipped by about 12% from the previous cycle, with only five properties changing hands. This decrease could be indicative of the market’s response to the recent price hikes.

Days on Market and Price Per Square Foot
An interesting aspect of the Hollywood Hills East market is the reduction in days on the market, which have decreased by nearly 30% to 43 days. This suggests that despite the higher prices, properties in this area are selling faster, possibly due to its allure and the unique living experience it offers. The price per square foot currently stands at $915, down by 3%, making it an attractive proposition for those looking to invest in a piece of Hollywood history.

The Geographical and Architectural Appeal
Hollywood Hills East, with Beechwood Canyon at its heart, stretches from Hollywood proper to Crescent Heights Boulevard. This expansive area is known for its varied topography, predominantly nestled in the hills, offering spectacular views and a serene environment. The architectural landscape here is a mix of cool modern homes and charming older residences, catering to a diverse range of tastes and preferences.

Why Hollywood Hills East?
Choosing to live in Hollywood Hills East means embracing a lifestyle that combines the nostalgia of old Hollywood with modern amenities. The area’s relatively more affordable pricing, compared to Hollywood Hills West, and its larger geographical spread make it an increasingly popular choice for those seeking the quintessential Hollywood living experience.

🏡 December 2023 Luxury Real Estate Market Update & Trends for Culver City 🌟

🔻 Avg Sales Price: $1.75 million, 📉 down 10%.

🔻 Avg List Price $1.82 million, 📉 down 2%.

🔻 Properties Sold: 10, 📉 down 30%.

🔼 Days on Market: 34 📆, 📈 UP 42%

🔼 $/Sq FT: $1,128, 📈 UP 8%

#culvercity #culvercityrealestate #realestate #marketsnapshot #sellingla #luxuryrealestate #realestateupdate #culvercityhousingmarket #la #culvercityhomeprices #realtor #realestate #homes #homeforsale #homeprices #buyingahome #sellingahome #toprealtor #bestagent

Welcome to the vibrant world of Culver City real estate, where the market trends are as exciting as the city’s transformation over the past two decades. From a relatively undiscovered area to a bustling hotspot, Culver City has evolved significantly, and its real estate market reflects this dynamic journey. Let’s dive into the latest market update for December and uncover the trends and numbers that are shaping Culver City’s property landscape.

Culver City: The Rising Star of Los Angeles

Remember the Culver City of yore? Twenty years back, it was an undiscovered area, quietly nestled within the greater Los Angeles region. Fast forward to today, and it’s a different story. Culver City has emerged as a super popular and trendy destination, attracting a diverse crowd from all corners. But what’s really going on in this bustling market?

The Numbers Tell a Story

Average Sales Price: In December, the average sales price in Culver City was $1.75 million. This reflects a 10% decrease from the previous 90 days, indicating a slight cooling in the market.
Average List Price: The average list price stood at $1.82 million, down about 2%. This smaller decrease suggests that sellers are still optimistic about the market’s potential.
Properties Sold: The month saw 10 properties changing hands, a 30% decrease. This could be a seasonal adjustment or a sign of a more cautious buyer’s market.
Days on Market: Properties spent an average of 34 days on the market, up 42%. However, 34 days is still a relatively short time, showing that Culver City properties are in demand.
Price per Square Foot: At $1128 per square foot, up about 8%, the market shows a healthy appetite for premium properties.

Culver City’s Unique Appeal

Over the last 5 to 10 years, Culver City has seen significant growth and new construction, which sets it apart from more established areas with less new development. This fresh and modern appeal is reflected in its higher price points, attracting those looking for contemporary living spaces in a vibrant community.

Culver City: A Desirable Destination

Culver City is more than just another area in Los Angeles. It’s a city with its own unique charm and appeal, drawing in a crowd looking for a mix of urban excitement and suburban comfort. The real estate market here is a testament to its growing popularity, offering a range of options for various buyers and investors.

What’s Next for Culver City?

As we look forward to the new year, Culver City’s real estate market remains a fascinating area to watch. Whether you’re a potential homeowner, investor, or just a real estate enthusiast, keeping an eye on this evolving market is sure to provide insights and opportunities.

Culver City continues to be a prime example of how dynamic and diverse the Los Angeles real estate scene can be. With its mix of new constructions, attractive price points, and a strong community vibe, Culver City is not just a market trend; it’s a lifestyle choice.

🏡 December 2023 Luxury Real Estate Market Update & Trends for Los Feliz 🌟

🔼 Avg Sales Price: $2.92 million, 📈 UP 2%

🔼 Avg List Price $4.63 million, 📈 UP 11%

🔻 Properties Sold: 4, 📉 down 61%.

🔻 Days on Market: 28 📆, 📉 down 18%.

🔼 $/Sq FT: $1,093, 📈 UP 3%

#losfeliz #losfelizrealestate #realestate #marketsnapshot #sellingla #luxuryrealestate #realestateupdate #losfelizhousingmarket #la #losfelizhomeprices #realtor #realestate #homes #homeforsale #homeprices #buyingahome #sellingahome #toprealtor #bestagent

Introduction
Los Feliz, a slice of Hollywood in Los Angeles, presents an intriguing real estate landscape as of December 2023. Having grown up in this area, I have a special affinity for its blend of urban charm and proximity to iconic LA spots like downtown and the Burbank studios.

A Market of Rising Value and Quick Sales
The average sales price in Los Feliz saw a steady rise to $2.92 million, up by 2%, reflecting the area’s growing appeal. Meanwhile, the average list price soared to an impressive $4.63 million, marking an 11% increase from the previous quarter. This significant hike in list prices showcases Los Feliz’s allure in the competitive Los Angeles real estate market.

The Dynamics of Property Sales
December experienced a downturn in property sales, with only four properties sold, indicating a 61% decrease. Despite this slowdown, the average days on the market were just 28, down by 18%, suggesting that while the number of sales dropped, the properties that did hit the market moved quickly. The average price per square foot also witnessed an uptick, reaching $1,093, up 3%, aligning with the high-value trend of the broader Los Angeles area.

Conclusion
Los Feliz, with its Hollywood vibes and prime location, continues to be a sought-after area for real estate investment. The December 2023 data paints a picture of a luxury market that, despite a slowdown in sales, maintains its allure with quick sales and rising property values. It’s a neighborhood that embodies the essence of upscale Los Angeles living, making it a top choice for those seeking a blend of urban lifestyle and Hollywood glamour.

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