As we move through 2025, the national housing market continues to normalize. More homes are coming on the market, prices are stabilizing, and properties are taking slightly longer to sell. Five years out from the onset of the pandemic, we see a return to a more balanced real estate environment. Markets outside of Los Angeles that with high supply of new construction homes offers strong relative value due to builder incentives that help ease affordability concerns.
In Hancock Park, our market is more nuanced, shaped less by mortgage rates and more by equity markets, tax policies and lifestyle decisions. While headlines have focused on uncertainty, the S&P 500 posted a solid 7% gain in Q2, reflecting underlying economic resilience and buyer confidence—factors that directly influence local activity.
Local Market Trends. Inventory is building most notably in the $2–$3M bracket which is rate sensitive, mirroring national trends. Despite this increase, our real estate market remains very healthy. Many residents are choosing to trade up or down within the neighborhood, while others are relocating here to be closer to friends and family. Condo sales and pricing have also climbed, driven by demand from both Boomers and Gen Y. Together, these trends signal continued confidence in Hancock Park’s long-term value.
Q2 Market Metrics
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65 homes sold in Q2 2025 totaling $170M in volume
(up from 50 sales / $145M in Q1 and 52 sales / $138M in Q2 2024)
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Average time on market increased by 1 week over Q1, and by 2 weeks compared to the same quarter last year
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Multiple offers and record price-per-square-foot sales continue in select segments
Successful sales depend on smart pricing strategies at the outset. Every sale is unique—condition, location, style, and price bracket all influence buyer behavior. Each Seller has their own timing needs as well. This is a professional, data-driven marketplace, and strategic pricing is critical to attracting the right buyers and minimizing time on market.
Looking Ahead. The most important question to ask yourself: Do you see yourself living in your home 5 years from now?
Sellers, if the answer is no, now may be the time to act. Take advantage of strong pricing and liquidity. Whether you are ready to unlock equity or explore new possibilities, now is a powerful moment to plan your next move. Buyers, if the answer is resounding YES to a home you see now, remember your time horizon is long. Why wait when you can get settled and start building new memories at home? You have wonderful options now and this is often not the case. As always we would be honored to guide you through your options.
Until then, wishing you restful days ahead during these ‘dog days’ of summer.