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Market Update

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...

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Attention Landlords

ATTENTION ALL LANDLORDS (now known as "Housing Providers") Check your mail & remember to complete and mail and your rental registry to the City of Los Angeles to avoid penalties & fines. Recently a client called for clarification on...

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January Market Update

Buyer confidence picked up in December which is reflected in January sales. Nearly twice as many homes sold in Jan ’24 vs Jan ’23 (13 vs 7), 5 of which were over $3MM. If priced properly to start, they sold quickly. Buyer’s confide...

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Luxury Trend Report 2024

The ground is beginning to shift in the luxury real estate landscape in 2024 here in Hancock Park and across key markets of the US. Keep an eye on interest rates as they will be the first barometer of what lies ahead for the market. At this...

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LA’s Luxury Market Update 2023

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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Coldwell Banker 2024 Economic Summit

What Might We Expect in 2024? Join us for The State of the Economy with internationally acclaimed economist Elliot Eisenberg, PhD compliments of Coldwell Banker. Tuesday, January 30th at 11am or 4m PDT Any economist who can write a 70 ...

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December Hancock Park Real Estate Market Update

December 2023 Hancock Park Update Happy New Year to all! The best holiday gift for the real estate market was the Fed's announcement to hold rates in December and to expect 3 cuts in 2024. Sentiment soared & the stock market hit new hi...

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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,...

Read more

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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Key Advantages of Buying a Home Today

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...

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