Market Snapshot of Hancock Park section of Los Angeles...

By
Real Estate Agent with Berkshire Hathaway HomeServices California Properties 01238708

I seldom write market reports, nevertheless I keep a close eye on about 15+ zip codes. one of them being 90020. More affectionately known as Hancock Park.

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Hancock Park has about 1,200 homes within the boundaries of Wilshire Boulevard on the south, Melrose Avenue on the north, both sides of Highland Avenue on the west and both sides of Rossmore Avenue on the east.

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Sat Nov 25 2023
This week the median list price for Los Angeles, CA 90020 is $9,995,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. 

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The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

 
 

 

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Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly! If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 ( m) homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com I contribute a portion of my commission to local animal rescue organizations. Endre Barath, Jr. Realtor at Berkshire Hathaway HomeServices California Properties DRE#01238708

 

Comments (5)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

That’s similar to my experience in the area or at least maybe greater Los Angeles. Good luck!

Nov 25, 2023 11:11 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Endre... what you consider luxury property and what we consider luxury property here in the Charlotte area are worlds apart!

Nov 26, 2023 06:33 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Endre:

Good information for buyers and sellers, who might also need your guidance for their Hancock Park purchase. Those are some pretty high prices, but not a surprise.

I remember years ago driving through to go past the house with all the David statues...quite a sight. No doubt many were glad the owner sold.

Jeff

Nov 27, 2023 05:33 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Hancock Park home buyers and sellers are sure to value your real estate market report, Endre.

Nov 28, 2023 08:09 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Hi Endre! Another great market report for your area. I'm loving seeing you post these reports. It's always interesting to compare our areas. This area's rental rates are closer to ours here than sales prices! 

Seriously, you have prompted me to add using my Altos Research to my new neighborhood and start using that. Thank you for that!

Dec 03, 2023 08:40 PM