Market Updates

FRANKLIN HILLS Neighbors…

It’s been a lot to process. Strikes, rates, politics. Fill in the blanks.

Work in Film & Television looks different after negotiations but there’s an ambivalence that remains, a sense of caution. Even if you’re not in that industry, every business (in L.A.) serves or connects to it and feels the effective ripple. Industry freelancers are trying to discern the income pattern for a new normal. And yet…

In terms of real estate, Los Angeles dangles outside of the national algorithm and remains in one aspect a type of holy grail. People want to live in this city. Period. They also want specific neighborhoods. If you’re an eastsider Silverlake/ Los Feliz is prime. Franklin Hills is Wagyu. Excuse the bad metaphor, vegans.

If you already live in Franklin Hills you know why. It’s great and it’s getting even better. Personally, I think it’s all the perennial events, thanks in no small part to the Franklin Hills Residents Association and having a president (Alison Wallace) who likes a good party.

A WHOLE NEW CHAPTER STARTS WITH A ‘TINY’ CONVERSATION

She has established two traditions that blend civic information, charitable drives with kid friendly inflatables,but also wine tasting and live band fun. Beyond that it’s also the FH community garden which is a hot ticket and, while you’re there tending vegetables, who doesn’t smile inside when they hear the sound of children on the playground at Lycee International under Shakespeare Bridge.

Happiness is Baller Hardware when you’re in need of anything. Tomato Pie for a slice of pizza when you realize you haven’t eaten.

Franklin Hills August Sales 2024

The Franklin Hills real estate market is inherently robust. When properties go on the market in FH they sell and sell quickly. In fact the average number of days on market DOM (16) which is quick and clean, to say the least. There has been no slump in Real Estate here, but there has been a shift in the market overall.

There’s more to it of course, but I don’t want to extend the attention you’ve already given me if you’ve read this far.

New chapters are big decisions, and big decisions require precise information so it depends on what you’re thinking of doing. That’s the answer to the question - How is the market?

Q1 Franklin Hills Real Estate

No. Closed Sales 7

Average Days on Market 14

List Price v. Sold Price

Low $802,000 / $802,000

Median $1,796,000 / $1,913,060

High $3,395,000 / $3,269.42

Avg. Sq. Ft 2,083

Avg. $ Sq. Feet $933.68 / $1,004.34

List v. Sale Price 106.5%

Q2 Franklin Hills Real Estate

No. Closed Sales 12

Average Days on Market 26

List Price v. Sold Price

Low $1,265,000 / $1,630,000

Median $2,087,000 / $2,225,000

High $2,675,000 / $3,482,000

Avg. Sq. Ft 2,109

Avg. $ Sq. Feet $992.00 / $1,100.73

List v. Sale Price 110.64%

SEE MONTHLY STATS

F R A N K L I N H I L LS

Real Estate

4132 Clayton Ave

Meticulously kept Scandinavian villa

3 bed, 2 bath

1,380 sq ft

Listed at $1,698,888

Closed at $2,340,000

listed by Joshua Glaz

4158 Wanda Drive

mid-century time capsule designed by renowned architect William E. Foster circa 1948

2 bed, 3 bath

2,281 sq ft

Offered at $2,088,000

Closed at $2,335,361

listed by Ross Carter

2435 Lyric Ave

sunlit home on quiet street with iconic views and spacious outdoor living area

3 bed, 2 bath

1,498 sq ft

Offered at $1,599,000

Closed at $1,496,000

listed by Suzanne Carney

YOU NEED TO KNOW THAT YOU’RE UNDERSTOOD…

Your home is an asset that’s tethered to several factors at once; the economy, world events, media forecasts, supply & demand, consumer confidence and most important, of course, location. Well done Franklin Hills.

Home valuations give you valuable knowledge that can help you plan for the future and make smart decisions. It’s good practice to stay informed about how much equity you have in your home and how much you may be able to borrow against it or sell it for.

FIND OUT NOW