• Naomi Hartman & Leah Brenner

Housing Market Overview - 2nd half of 2018


The second half of 2018 finished with 128 sales for the entire area of Hancock Park.

Here they are according to the price range:

- up to $1M - 11 sales

- $1M - $2M - 68 sales

- $2M - $3M - 20 sales

- $3M - $4M - 16 sales

- $4M - $5M - 4 sales

- $5M & up - 9 sales


The average price per square foot was $782, and the homes stayed on the market average 50 days. The homes also sold within 96% - 98.64% of the listing price.


The most expensive sale was 647 S Hudson Ave, sold for $10,500,000. The home has 6 bedrooms, 10 bathrooms, 8,500 square feet, and the lot size 40,600 SF.


As for Miracle Mile neighborhood, there were 91 sales as follows:

- up to $1M - 2 sales

- $1M - $2M - 60 sales

- $2M - $3M - 19 sales

- $3M & up - 10 sales.


The average price per square foot was $857, and the homes stayed on the market average 50 days. The homes also sold within 97% - 98.16% of the listing price.


The highest sale was 320 N Alta Vista Blvd., which sold at $4,350,000. The home has 6 bedrooms, 6 bathrooms, 5632 square feet, and the lot size is 7699 SF.




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