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...
Key Advantages of Buying a Home Today
Key Advantages of Buying a Home Today Clearly buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make thi...
New taxes that will affect you
MEASURES ULA & GS PASSED - How Will it Affect You & the Real Estate Market Implications If you are thinking of selling let's discuss a strategic plan NOW. It will be more expensive to sell any real estate $5 million+ in Los Angeles. Beve...
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...
Important Measure on the November 8 Ballot
Vote NO on Initiative Ordinance ULA - Tax Hike on real property transfers over $5 million There is an ill-conceived measure on the City of Los Angeles ballot this November. The measure will impose a: 4% tax on ANY real estate transfer/...
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...
Q3 2022 Luxury Market across LA (Hancock Park to Malibu)
The $5+ million luxury segment of the real estate market from Hancock Park to Malibu is down slightly year to date as of the end of August 2022. 765 closed sales of $5+ million this year, versus 784 at this time last year. (-2.5%)....
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...
Highest Sales for Q3 2021
Year to Highest sales for Q3 2021 in Hancock Park were: 105 North Rossmore Avenue $10,000,000 Designed by framed architect Wallace Neff on the 9th fairway of Wilshire Country Club. Originally built for the Chandler family of...
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 ...
5 Reasons Today’s Housing Market Is Anything but Normal
There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The ma...
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 ...