Market Statistics
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...
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...
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...
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 ...
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...
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)....
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 ...
Q4 2020 MARKET UPDATE
2020 closed with the election behind us, thank goodness, the vaccine rolling out and a growing sense of hope for 2021. Demand for residential real estate was vibrant across the country and locally due to low inventory levels. Transactions were ...
Luxury Real Estate Update $5MM+
2020 was the best year ever for HIGH-END sales on the Westside of Los Angeles. 725 closed sales of $5+ million in 2020, versus 560 in 2019, +30%. Of these, 219 were $10+ million in 2020, versus 162 in 2019, +35%. 61 of these were $20+...
Q3 2020 MARKET UPDATE
Year to date 2020 residential sales volume surpassed 2019 levels for the same period in spite of the slowdown in Q2. Click the image below for details: In fact, twice as many homes sold in Q3 this year as Sellers, Buyers and all other profe...
MARKET UPDATE – Q2 2020
Hancock Park Real Estate Market Round Up Q2 2020 began less than 2 weeks after Governor Newsom issued the “stay at home order” and the S&P dropped nearly 30%. Naturally many were fearful and cancelled escrows. Some Sellers ...
Hancock Park Q3 2019 Market Update
The following is a snapshot of the market in the last quarter versus the same time in Q3 of 2018. Market time is a bit longer overall by sales are picking up from the first half of the year and pending sales are up. Buyers are enjoying some...Q1 2019 Local Market Update
Spring has sprung. While parts of the city of slowed, Hancock Park remains in high demand. Homes over $2 million – 18 sold versus 18 $61.2 million sold, $8.6 million LESS than in Q1 2018. The same number of properties ...
Q2 2018 Local Market Update
Hancock Park real estate is sizzling! Below are key highlights from April - June 2018: Homes Over $2 Million $147.9 million sold, $65.8 million MORE than Q1 2017 41 sold versus 22 Average price per sq. foot was $912, +9% higher H...
4th Quarter Update
54 homes or over $149 million of single family home volume sold in Q4 2017, marking on of the strongest 4th quarters ever! -29 were over $2 million. Median prices were $3.2 million, +9% vs Q4 2016. -24 were under $2 million. Median pri...
3rd Quarter Update
Our neighborhood continues to be HOT, HOT, HOT in the news, in real estate and on the pavement as of this writing. Longtime residents are enjoying the renaissance of the entire Eastside in terms of restaurants, services, creativity and youth. L...
Feeling HOT, HOT, HOT!
It was a very busy Spring after the rains. Demand continues to outpace supply so Buyers must be alert and decisive. Sellers are wise to make a great first impression and price competitively to capture the most interest. Duplexes, condos...
Will Mortgage Rates Fall in 2016?
Not necessarily says Peter Miller in his thoughtful piece included below. Assuming conflicts in the Middle East remain contained, oil prices stay low and interest in Europe and Asia remains low, there will continue to be an influx of dollars t...