SINGLE FAMILY HOME SALES
HANCOCK PARK
Hancock Park is a historic neighborhood in Los Angeles, which was developed in the 1920s by the Hancock family with profits earned from oil drilling. The residential community is centrally located in the city and is bound by Wilshire Boulevard, Melrose Avenue, Higland Avenue and Rossmore Avenue. Unusual for most LA neighborhoods, residences in Hancock Park tend to be set back from the street, most power and telephone lines are buried, and fences are a rarity. It is located near both the Wilshire Country Club and the Los Angeles Tennis Club. Hancock Park continues to be one of the most desirable areas in all of Southern California to live. CLICK HERE TO VIEW HOMES WE HAVE AVAILABLE IN THIS AREA
SINGLE FAMILY HOMES (SFH) JAN - MAR 2014 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
ALL
< $1M
$1M - $3M
> $3M
$1,900,778
$815,833
$1,782,248
$4,492,111
$613.57
$404.42
$609.73
$763.40
$1,870,852
$808,731
$1,776,269
$4,331,389 $736.09
$604.01
$400.90
$608.30
TOTAL SFH SOLD
59
18
32
9
TOTAL SFH FOR SALE AT END OF PERIOD
69
16
40
13
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.5
2.7
3.8
4.3
98%
99%
100%
96%
ALL
< $1M
$1M - $3M
> $3M
$1,024,401
$704,412
$1,343,445
$3,749,500
SFH JAN - MAR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE
$442.08
$366.74
$498.27
$670.51
$1,014,439
$701,071
$1,317,000
$3,737,500
$490.24
$668.37
$438.47
$365.00
TOTAL SFH SOLD
41
28
11
2
TOTAL SFH FOR SALE AT END OF PERIOD
53
10
29
14
AVERAGE SOLD PRICE PER SQUARE FOOT
AVERAGE MONTHLY SUPPLY OF INVENTORY AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
3.9
1.1
7.9
21.0
99%
100%
98%
100%
ALL
< $1M
$1M - $3M
> $3M 20%
SFH MAR/MAR COMPARISON AVERAGE LIST PRICE
86%
16%
33%
AVERAGE LIST PRICE PER SQUARE FOOT
39%
10%
22%
14%
AVERAGE SOLD PRICE
84%
15%
35%
16%
AVERAGE SOLD PRICE PER SQUARE FOOT
38%
10%
24%
10%
TOTAL SFH SOLD
44%
-36%
191%
350%
TOTAL SFH FOR SALE AT END OF PERIOD
30%
60%
38%
-7%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-10%
149%
-53%
-79%
-1%
0%
2%
-3%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
(Source: MLS/CLAW)
BEVERLY HILLS | BRENTWOOD | LOS FELIZ | MALIBU | PACIFIC PALISADES SANTA MONICA | SUNSET STRIP | sothebyshomes.com/losangeles
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