Homes for sale and lease continue to be in demand in Hancock Park/Windsor Square and surrounding areas because of our neighborhood’s quality of life, architecture and relative value. Style always sells quickly and at a premium here. This year, sales have increased 21% largely driven by quality of product available and 15+ weeks of historically low interest rates. In aggregate, prices are down 1.8% from the same time last year.
We are seeing tighter supply of homes between $1.7MM-$2.5MM and homes for lease between $5-$10k a month. There is strong demand and very few people are selling. Well priced, well located homes still garner multiple offers. Homes over $3MM typically take longer to find the right buyer. Nearly twice as many homes sold between $1MM – $1.5MM as last year. Supply continues to be limited for 2 to 4 unit buildings on the highly coveted streets of Sycamore, Mansfield and Orange.
A list of area Open Houses for today, Sunday April 29 can be downloaded here.
About Anne Loveland
Anne Loveland is a resident of Hancock Park, an avid tennis player and a Nutella nutcase. Loveland specializes in residential real estate in Hancock Park, Windsor Square, Larchmont Village and beyond, if necessary. Check back to learn why she chooses to make this community her home. You can contact Anne via email or visit her website Hancock Park Living DRE#01467820
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