Market Statistics
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...
2ND HALF RESULTS – 2015
Check out all the latest real estate news from in and around the neighborhood!
Tax-Saving Strategies
What Are Propositions 60 and 90? These propositions provide a one-time property tax benefit by preventing reassessment when those 55 years or older sells his/her existing residence and purchases or constructs a replacement residence worth ...
“Price per Square Foot” is often misleading
Recently our team has had many discussions with home sellers and home buyers on this topic. We have cautioned all in how it should and should not be used when assessing value. This qualitative metric is a fanastic tool to compare like p...
2014 Year End Update
2014 PRICES SURPASS LAST “PEAK” The luxury market drove the market in 2014. There were 90 sales over $2MM versus 53 in the prior year. The average price per square foot was up over 12% largely due the mix of more renovated houses. 11 ho...
Is there seasonality to sales?
On listing appointments we are often asked by prospective Sellers whether there is an optimal time to list a property. Frequently the most salient question should be: "When does actually works best for YOU, the Seller?" Remember ofte...
