Market Update
Proposition 19 latest update
From the California Association of Realtors - December 1, 2020 Prop 19 allows a homeowner who is 55 years of age or older, severely disabled or whose home has been substantially damaged by wildfire or natural disaster to transfer the taxable...
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!
Highest Sales by Neighborhood in 2015
2015 was a record breaking year in luxury real estate sales across the globe and in Los Angeles. The highest sales by neighborhood: • Malibu 27834/27852 Pacific Coast Highway $60,000,000 • Beverly Hills 1210 Benedict Canyon $47...
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...
Curious What Drives Mortgage Rates?
Click to enlarge image for 6 main factors:
2013 Hancock Park Real Estate Wrap-Up
Click to Download: 2013 Hancock Park Real Estate Wrap Up PDF FOR SELLERS or OWNERS Price appreciation slowed in Q4 from substantial gains made in Q2 and Q3. Supply was limited. Homeowners did not move up or down as they discovered it w...
