As we post this on a partially rainy day in March, we note that February was the wettest month since 1998 with over 12” of rain, the 7th wettest month overall in LA’s 150-year recorded history, according to news reports.
“This did not deter buyers!” local realtor and longtime Buzz supporter, Anne Loveland of Loveland Carr Group, told us. “Sales, as demonstrated by the number of pending homes, indicate that demand remains strong.”
“The highest sale was 268 S. Plymouth just over $3.2MM which sold in multiple offers, nearly 8% above its asking price,” said Loveland. “The absolute number of transactions was the same as February 2023, but the top three sales then ranged from nearly $6 to 13MM+ in anticipation of the April 1, 2013 measure ULA additional transfer tax.”
There were only three sales in Windsor Square and one sale in Hancock Park proper (excluding Highland) despite those areas having the largest concentration of homes.
Looking carefully at the numbers, Loveland pointed out that only five of the ten sales were $ 2MM+ and just two were just over $3MM.
“More inventory is needed between $2-7MM to meet demand!” said Loveland.
| Address | Original Price | Sale Price | Days on the Market | |
|---|---|---|---|---|
| 268 S Plymouth Blvd | $2,995,000 | $3,228,886 | 15 | |
| 430 N Highland Ave | $3,599,000 | $3,183,000 | 167 | |
| 542 N Mccadden Pl | $2,995,000 | $2,930,000 | 74 | |
| 226 S Citrus Ave | $2,755,000 | $2,815,000 | 13 | |
| 215 N Gower St | $2,695,000 | $2,675,000 | 30 | |
| 122 S Arden Blvd | $1,895,000 | $1,780,000 | 78 | |
| 967 4th Ave | $1,749,500 | $1,730,000 | 35 | |
| 325 N Wilton Pl | $1,600,000 | $1,312,500 | 83 | |
| 1246 1/2 S Bronson Ave | $1,099,000 | $1,070,000 | 0 | |
| 1246 1/4 S Bronson Ave | $1,249,000 | $980,000 | 234 |
If you’re in the market or just curious like we are, be sure to check the Buzz Real Estate Open House Calendar, there are 30 open houses this weekend including 8 new listings.
