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November Hancock Park Real Estate Market Update

November 2023 Hancock Park Update SAG-AFTRA strike is over and Larchmont Village finally has a little market again with Cookbook in the former Chan Dara space. La Bettola di Terroni is in the full swing of things offering its patrons a f...

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Q3 2023 Hancock Park Market Update

Labor agreements were reached so it’s back to business Los Angeles! Baby Boomers continue to shape culture and commerce. Properties suitable for their life stage (smaller homes, single level condos, pieds-a-terre) are selling most quickl...

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LA’s Luxury Market Update

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,...

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Measure ULA Tax Update

LA voters passed Measure ULA (only 512k to 374k votes) in November 2022 which imposed a new “Homelessness and Housing Solutions” transfer tax on all real estate sales transactions in the city over $5 million. Though it is commonly referre...

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Q2 2023 Hancock Park Market Update

Even with a writer’s strike many offers were written in Hancock Park as the imbalance of supply relative to demand and demographic trends are keeping our market dynamic and strong. Multiple offers continue for the most prized locations and ma...

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A Decade of Undersupply Forecasted

According to Realtor.com economist Danielle Hale, housing affordability is not expected to improve for prospective home buyers in the near future. This is primarily due to the high cost of borrowing and a lack of available homes on the market. ...

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June 2023 Market Update for Hancock Park

Even with a Writer’s Strike many offers were (and are being) written in Hancock Park. Multiple offers continue for the most prized locations and many are still offering cash. For the month of May there were 9 sales down from 18 in M...

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Q1 2023 Hancock Park Real Estate Round Up

Spring has sprung and the sun is shining upon Hancock Park. Over the last three months the market (and real estate professionals) showed resilience despite constant rainfall, volatility in the banking sector, another interest rate hike, major t...

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Q4 2022 Market Update

Q4 2022 Market Update in Hancock Park

Dare we say the market is ‘normalizing’? Q4 2022 was a time for social re-engagement after nearly 3 years. Our local Larchmont Family Fair was well attended as were many joyful holiday parties. What a great community we call home! The...

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What does a Shifting Real Estate Market mean to You?

What does a Shifting Real Estate Market mean to You?

Chief Economist Jordan Levine from the California Association of Realtors offered the following real estate insights on Nov 18th. We have summarized it for you and added our local market commentary. Expect •Sales volume to contract more t...

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California Real Estate Market Update & Forecast

The California Association of Realtors releases its 2023 housing market forecast. Each neighborhood has its nuances but overall, the market is 'normalizing' after a fierce last 2 years. The Hancock Park real estate market continues to be act...

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Q3 2022 Market Update in Hancock Park

Summer vacations were clearly top priority in Q3 2022! Agents, sellers and buyers finally took a breath in June and July, regained perspective and by August the pace of sales picked up before the September rate hike. The Federal Reserve’s mov...

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Q2 2022 Market Update in Hancock Park

This shift began in Q2 as the Fed acted aggressively to ease inflation by raising the fed funds rate which resulted in mortgage interest rate hikes and volatility.  As Q1 began, rates* were 3.2%, then inched up to 4.72% at beginning of Q2 to a...

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Q4 2021 Market Update in Hancock Park

Q4 2021 Hancock Park Real Estate Market Round Up 2021 was a remarkable year for real estate citywide AND in Hancock Park. Record prices were set in our neighborhood and the $20MM threshold was just surpassed with the sale of 355 S Muirfield Rd...

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Q3 2021 HANCOCK PARK REAL ESTATE MARKET ROUND UP

Larchmont Village turned 100 and the centennial was celebrated with CAKE! The October edition of the Chronicle delivered a great spread spanning the decades. Neighbors pulled together to refresh and re-launch the beloved Center for Yoga. Great ...

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Q2 2021 HANCOCK PARK REAL ESTATE MARKET ROUND UP

Buyers and renters are out in full force and getting back to work! Q1 outpaced the last 10 years and Q2 2021 was even stronger! All data looks great versus Q2 ’20 because the city was in lockdown. The market momentum from the last two quar...

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Real Estate Sales Over $5MM Market Update

    New records abound across Los Angeles for Estates! Year to date that have been 321 closed sales over $5+million versus 172 at this time last year.  Up an amazing 87%. The buyers were mostly American (75% of purchases)....

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Q1 2021 MARKET UPDATE

People have been on the move – Sellers, Buyers and Real Estate professionals!!! The market is the strongest we have ever seen it so if you or someone you know is thinking of selling, call Loveland Carr NOW to discuss options. Q1 volume ...

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