Blog
Halloween Fun Ahead
Now through the end of the month check out Wilshire Rotary pumpkin patch at 568 North Larchmont Blvd with fun and games for all! In addition to pumpkin sales, there are fun events for kids from free scavenger hunts to pumpkin-themed arts and cr...
NEW! Citrus Square Historical District
Earlier this month on October 2, 2024, the Department of Parks and Recreation Office of Historic Preservation placed the Citrus Square district in the National Register of Historic Places (National Register). It has also been listed in the Cali...
September Market Update
Interest rates were all the talk in September. The Fed cut rates and most economists expect 3 more. Consider => between April 2024 (7.53%) and now (6.15%) the savings for a $1MM loan is $912/month. Headwinds last 2 years are abating as...
August Market Update
Remember Ross, from the hit show "Friends"? Actor David Schwimmer's former house at 345 S Hudson was the highest sale of the month and year to date. In 2001 Schwimmer paid $5.5M for the 1926 Mediterranean Rindge estate designed by Koerner & Gag...
July Market Update
The higher end of the market picked up in July. 8 homes sales versus 10 last July. Average prices were $3.68MM or $1.2MM higher driven by 2 sales. Muhammad Ali’s former house at 55 Fremont Pl sold for $8.5MM after starting at $16.999M...
April Market Update
Spring Sprung in April as sales volume & prices bounced ⬆️ especially in the $2-3MM prices range! Hancock Park recorded 24 sales, twice as many as the prior month & year. Average prices were also ⬆️ due to the mix of price point...
NAR Settlement: Our Take
By now you have likely been showered with stories about the National Association Realtors (NAR) class action suit regarding real estate commissions. The media has whipped up a storm of confusion. Change is ahead indeed and many details are stil...
Spring Cleaning Tips
It's that time of year again to take advantage of these next few weekends before Memorial Day and the summer travel season. After all the rains it's an ideal time to focus on drainage and gutter care, verify the sump pump is working (conside...
Measure ULA Misses the Mark
Speaking of taxes.... What has been the result of Measure ULA since it took affect 12 months ago? Recall UCLA and proponents advertised that the taxes would raise $900+ million for affordable housing. The Measure passed with a simple ...
March Market Update
4 years ago nearly to the day LA & much of the world locked down in response to COVID-19 & within 2 weeks Loveland Carr, the real estate industry & all related fields were back to work serving others. On March 15 the NAR settled a class acti...
February Market Update
February was the wettest month since 1998 with over 12” of rain, the 7th wettest month overall in the LA’s 150 year recorded history, according to the NY Times. This did not deter buyers! Sales, as demonstrated by the number of pendi...
Local Impact of Elections
We would like to share the most recent communication from the Hancock Park Homeowners Association that relates to the primary election. Many items on the March 5th ballot will impact our daily lives (and real estate values ultimately) in Hancoc...
LA’s Luxury Market Update January 2024
Measure ULA certainly influenced sales volume of properties over $5 million in the city of Los Angeles since it took effect April 1, 2023. Looking at closed sales in January 2023 relative to the prior year is a bit distorted because there w...
Homeowner Tips #2
Dreaming of warm sunny ? days and summer fun in the pool ??? A fun fact from talking to several contractors recently. When it comes time to replaster, IF you choose a dark color instead of one like this, spend a bit extra upfront for the...
Attention Landlords
ATTENTION ALL LANDLORDS (now known as "Housing Providers") Check your mail & remember to complete and mail and your rental registry to the City of Los Angeles to avoid penalties & fines. Recently a client called for clarification on...
January Market Update
Buyer confidence picked up in December which is reflected in January sales. Nearly twice as many homes sold in Jan ’24 vs Jan ’23 (13 vs 7), 5 of which were over $3MM. If priced properly to start, they sold quickly. Buyer’s confide...
Luxury Trend Report 2024
The ground is beginning to shift in the luxury real estate landscape in 2024 here in Hancock Park and across key markets of the US. Keep an eye on interest rates as they will be the first barometer of what lies ahead for the market. At this...
LA’s Luxury Market Update 2023
Change is constant and it appears as though change will continue to move at an exponential rate henceforth. And yet, Real Estate is still the best hedge against inflation. The stock market, crypto currency, regional banks, commodity prices,...