Catching up after summer vacation…
June enjoyed an uptick in sales volume, especially in the luxury market ($5 million+). Good inventory expanded. From Hancock Park to West LA, overall unit sales volume increased 22% year over year and the S&P index is up 11% YTD which boosts buyer confidence. Hancock Park recorded 11 sales compared to 10 in 2025 YTD and enjoys sustained buyer demand.
4 sales in June over $5MM:
- Highest: 531 S Rossmore sold for $7.15MM after starting at $8.995MM after 105 days on the market. GREAT lot!
- Quickest: 217 S Hudson sold for $7MM after 26 days on market. First time on the market in 50 years. Started at $7.5MM.
- 134 N McCadden sold at $6.6MM in 56 days on market. Recently renovated & improved with ADU & pool by a developer who acquired the property 5 years ago for just over $3MM.
5 in escrow including 322 N June over $5MM. Demand is picking up again across all prices and property types!
If you are a Buyer, please reach out for off market opportunities.