February was the wettest month since 1998 with over 12” of rain, the 7th wettest month overall in the LA’s 150 year recorded history, according to the NY Times. This did not deter buyers!
Sales, as demonstrated by the number of pendi...
Measure ULA certainly influenced sales volume of properties over $5 million in the city of Los Angeles since it took effect April 1, 2023. Looking at closed sales in January 2023 relative to the prior year is a bit distorted because there w...
ATTENTION ALL LANDLORDS (now known as "Housing Providers")
Check your mail & remember to complete and mail and your rental registry to the City of Los Angeles to avoid penalties & fines.
Recently a client called for clarification on...
Buyer confidence picked up in December which is reflected in January sales.
Nearly twice as many homes sold in Jan ’24 vs Jan ’23 (13 vs 7), 5 of which were over $3MM. If priced properly to start, they sold quickly. Buyer’s confide...
December 2023 Hancock Park Update
Happy New Year to all! The best holiday gift for the real estate market was the Fed's announcement to hold rates in December and to expect 3 cuts in 2024. Sentiment soared & the stock market hit new hi...
November 2023 Hancock Park Update
SAG-AFTRA strike is over and Larchmont Village finally has a little market again with Cookbook in the former Chan Dara space. La Bettola di Terroni is in the full swing of things offering its patrons a f...
Labor agreements were reached so it’s back to business Los Angeles!
Baby Boomers continue to shape culture and commerce. Properties suitable for their life stage (smaller homes, single level condos, pieds-a-terre) are selling most quickl...
Even with a writer’s strike many offers were written in Hancock Park as the imbalance of supply relative to demand and demographic trends are keeping our market dynamic and strong. Multiple offers continue for the most prized locations and ma...
According to Realtor.com economist Danielle Hale, housing affordability is not expected to improve for prospective home buyers in the near future. This is primarily due to the high cost of borrowing and a lack of available homes on the market. ...
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 ...
A week does not go by when I am not defining the boundaries of Hancock Park. This topic arises at most Sunday open houses, social engagements across town or out of state. I usually start by saying that we are located between Downtown Los An...