Market Update
Q2 2025 Market Update
As we move through 2025, the national housing market continues to normalize. More homes are coming on the market, prices are stabilizing, and properties are taking slightly longer to sell. Five years out from the onset of the pandemic, we see a...
Q1 2025 Market Update
In Uncertain Times, Judgement Matters Most All of us feel the tensions of 2025. Between the wildfires, market shifts, economic news and the political headlines, the question on everyone's minds is: What now? We only just finished Q1! Here'...
March Market Update
Hancock Park sales in March were strong across the board with 3 over $6MM and 2 sales in Fremont Place (rare since there are only 73 homes in the gated community). *The highest sale was off market at 5225 2nd St for $7.98MM which last sold i...
January Market Update
January showed enormous resiliency in the face of wildfires & sweeping changes post-inauguration. Most buyers were already in the market awaiting the right home. Several Pacific Palisades and Alta Dena buyers have been viewing and offering ...
December Market Update
December sure seems like a distant memory in light of recent wildfires in LA so here we go - better late than never! Demand continued across all price points, especially for move in ready, turn-key properties. Many buyers are trading within ...
November Market Update
In November real estate sales marched on in spite of the national Election & the Thanksgiving holiday, albeit at a slower pace. Measure ULA has clearly been metabolized as reality in LA based on the uptick in sales locally and citywide sinc...
Year End Review
As 2024 comes to a close, we’re breaking tradition with a fresh look at the local Hancock Park market, aiming to cut through the noise that often surrounds it. Hancock Park real estate prices have shown resilience amid rising interest rates,...
October Market Update
October Market update In October 15 homes sold in the neighborhood, 5 of which were sold over asking. 8 of the 15 were over $2MM. 16 homes are in escrow (two over $5MM), more than the last few months AND plays counter to the broader national...
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...
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...
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...