9 Hancock Park Homes Have Sold $1000+ per Sq Ft YTD 2016

Address                       Sq Ft/Lot Size/Selling Price/Cost per Sq Ft*

434 S Windsor Blvd      10600/18,017/$11,300,000/$1,066
234 S Muirfield Rd          6187/18,930/$6,990,000/$1,179
355 S Rimpau Blvd         6508/23196/$6,950,000/$1,144
226 S Rimpau Blvd         6127/15,702/$6,850,000/$1,118
73 Fremont Place            6300/15,459/$6,600,000/$1,047
224 S Muirfield Rd         5096/19,541/$6,500,000/$1,281
363 S Las Palmas Ave    5004/19,538/$5,900,000/$1,179
420 S Rossmore Ave      4876/19,001/$5,350,000/$1,097
254 S Windsor Blvd        3669/12,639/$4,000,000/$1,090

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Homeowners are Becoming Equity Rich. In Los Angeles the rate is 38.2%

CAR* Reports Home Ownership Tenure Hits Record High
Many homeowners are becoming equity rich because they’re staying in their homes longer, according to the Q3 2016 U.S. Home Equity and Underwater report from ATTOM Data Solutions, a fused property database. To be equity rich, homeowners must have a loan-to-value ratio of at least 50 percent.

In fact, 23.4 percent of all homeowners with a mortgage are now considered equity rich, an increase of 2.6 million from last year to 13 million in the third quarter, according to the report.

The metropolitan statistical area with the highest share of equity rich homeowners, out of 88 areas with a population of 500,000 or more, is San Jose with 55.7 percent. Honolulu came in second with 39.3 percent, followed by Los Angeles with 38.2 percent and Pittsburgh with 34.5 percent.

Hot or not? The housing market has people holding their breath.

* California Assn. of Realtors

 

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The Craft & Folk Art Museum has Holiday Marketplace Saturday November 26

craft

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Just Sold: 650 Wilcox Avenue Townhouse by Linda Hindley $1,005,000. Highest Price Ever in Complex !

654Wilcox-001650Wilcox-012650Wilcox-023650Wilcox-007650Wilcox-0031702 Sq ft. 3 Bedroom 3 Bath Townhouse650Wilcox-009

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Coldwell Banker’s Luxury Market Report Spring 2016

LMR-Cover-SPRING_16_2.3NFFinal1-360x438Real Estate News Archives – Previews Inside Out

Want to find out the current state of the high-end residential real estate sector and what’s impacting buying trends in major luxury epicenters? The latest Luxury Market Report published by the Coldwell Banker Previews International® program answers this question by tracking market activity in top luxury cities across the United States and abroad.

Download Here

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Coldwell Banker’s Commitment to the Luxury Market

Craig-Hogan-Header-475x475Craig Hogan, VP of luxury for Coldwell Banker Real Estate LLC, contemplates the meaning of “exceptional” and excellent service in luxury real estate.Creating Exceptional Experiences in Real Estate – Previews Inside Out

“This is a new era for the luxury division at Coldwell Banker. Expect nothing but the best from us in the coming months, as we look to create the ultimate luxury consumer experience: the launch of our next issue of Homes & Estates magazine with the most extensive global distribution to date, our new partnership with James Edition that will showcase our luxury listings on the world’s leading online luxury marketplace and the debut of our new global online destination for all Coldwell Banker luxury listings. Our commitment to excellence is stronger than ever. Come experience the exceptional.”

 

 

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Hancock Park Estate Home Sales for First Half of 2016 Stay Strong !

Hancock Park Estate Home Sales    2015                                2016

Homes Sold                                           23                                   23
Days on Market                                    80                                   66
Home Sq footage                                 4993                               5268
Lot Sq footage                                      16,870                            15,298
Home Cost Per Sq Ft                          $803                               $789
Lot Cost Per Sq Ft                               $245                               $284

Some Observations: Fewer Days on Market
Buyers willing to pay Higher Prices for Homes on Smaller Lots

Only Properties that are located on “Estate Home” Blocks are Included.

 

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Columbia Square in Hollywood is Great News for Hancock Park Real Estate with Viacom & Fender Guitars Moving There

Columbia Square will be the future Home of all West Coast offices of Viacom and Fender Guitar which is moving its Executive Offices from Scottsdale to Columbia Square. download (1)The complex is also home to NeueHouse (they moved in last year)  Hollywood’s new Work and Play Space for creative-class small businesses.  Think SOHO House + We Work. And the 200 unit 23 story unfurnished & furnished Apartment Building with Hotel Amenities just opened June 1.

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