Change is the only constant in life.
Q3 saw 48 home sales, with 19 over $3 million—and 10 of those over $5 million. At the high end, standout properties are setting record-breaking prices, with three homes over $3 million selling above $1,400 per square foot—a remarkable benchmark for the neighborhood. Meanwhile, inventory has expanded in more entry-level price ranges.
Activity rebounded in September as easing mortgage rates brought renewed energy to the market.
Headline sale: the Roland Coate designed and fully remodeled 101 N. Hudson closed for a record-breaking $23 million—only the third home in Hancock Park ever to sell above $20 million. (For context, the Elmer Grey designed 355 S. Muirfield sold for $21M in 2021 and 345 S. Hudson sold for $21M in 2024.) Fun fact: Sue sold 345 S. Hudson for $1.999M back in 1997, after 359 days on the market!
On the policy front, the NAR settlement has reshaped how buyer-agent compensation is structured. In practice, most transactions feel familiar—just more transparent. Meanwhile, Measure ULA thresholds rose on July 1 to $5.3M and $10.6M, introducing new strategy considerations for pricing and negotiation.
The Federal Reserve’s recent ¼ point rate cut—and the likelihood of more to come—has pushed borrowing costs to their lowest levels since late 2024, motivating many buyers to re-enter the market especially under $3MM.
Governor Newsom signed SB 79 into law which will have statewide implications for local housing control. We are monitoring closely and encourage our community to stay informed and involved in how this gets executed at the local level.
At Loveland Carr Group, our mission remains constant: to help you navigate change with confidence and clarity.
Opportunities to gather soon: the Family Fair (10/26), the Pumpkin Patch (daily 12-6pm) or Friday mornings (8-9am) on Larchmont for our weekly Boulevard clean-up.
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