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...
We would like to share the most recent communication from the Hancock Park Homeowners Association that relates to the primary election. Many items on the March 5th ballot will impact our daily lives (and real estate values ultimately) in Hancoc...
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...
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...
The ground is beginning to shift in the luxury real estate landscape in 2024 here in Hancock Park and across key markets of the US. Keep an eye on interest rates as they will be the first barometer of what lies ahead for the market. At this...
Change is constant and it appears as though change will continue to move at an exponential rate henceforth. And yet, Real Estate is still the best hedge against inflation. The stock market, crypto currency, regional banks, commodity prices,...
What Might We Expect in 2024?
Join us for The State of the Economy with internationally acclaimed economist Elliot Eisenberg, PhD compliments of Coldwell Banker.
Tuesday, January 30th at 11am or 4m PDT
Any economist who can write a 70 ...
Change is constant and it appears as though change will continue to move at an exponential rate henceforth. And yet, Real Estate is still the best hedge against inflation. The stock market, crypto currency, regional banks, commodity prices,...
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...
Attention Investors: Anxious about finding a suitable replacement property for your 1031 exchange in time, especially in today’s low inventory environment?
Check out DTS products (Delaware Statutory Trust) which are investment grade proper...
Spring has sprung and the sun is shining upon Hancock Park. Over the last three months the market (and real estate professionals) showed resilience despite constant rainfall, volatility in the banking sector, another interest rate hike, major t...
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 ...