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...
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...
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/...
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...
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%)....
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...
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...
The Drought, Our Trees, The Air We Breath
Dear Hancock Park and Surrounding Neighbors,
Trees are essential to our very existence. Their power alone manifests as the air we breathe - so let's not take them for granted.
Now that we're being ...
This January we are sharing ways to check on your home after all of the recent rainfall. In fact, we started a series last year for tips on ways to LOVE your LAND.
See all at Loveland Carr YouTube channel
...
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...
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 ...
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...
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...
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 ...
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 ...
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...
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 ...
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...
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 ...