Submarket Snapshot: Hancock Park’s single-family homes

Less homes sold in the fourth quarter, but they sold for slightly higher prices

Feb.February 25, 2016 05:28 PM

The number of single-family residences sold in Hancock Park decreased in the fourth quarter of 2015, when compared to the same period in the previous year.

There were 48 sales in the fourth quarter in the historic and wealthy Central L.A. neighborhood, down almost 6 percent from the same quarter a year earlier, according to a report by the Agency.

The median sale price was $1.7 million, up 6.8 percent from the fourth quarter of 2014. The average sale price increased by slightly less than 1 percent to $2.3 million. The average per-square-foot price increased by 4.4 percent to $724.

Properties sat on the market in the fourth quarter for an average of 74 days, down slightly from the 76 days they were on the market in the fourth quarter of 2014.

Related Articles

Clockwise from top left: 522 21st Place, 405 S. Sierra Bonita Avenue, 211 Elm and 31042 Broad Beach Road

Here are the priciest home listings in LA County this week

Malibu Real Estate Investments principals Bedros Oruncakiel and Kirkor Suri

Malibu spec mansion lists amid softening luxury market

Chandler Parsons and his property on Stone Canyon Road (Credit: Getty Images)

Durant wants out of Malibu, and now Chandler Parsons is listing his Bel Air mansion

CoreLogic's Andrew LePage and Orange County (Credit: Wikipedia)

SoCal housing market shows signs of life, with a caveat: report

Bridge Housing CEO Cynthia Parker and a rendering of the view from Walnut and Anaheim (Credit: SVA Architects)

Fully affordable complex set to rise in vacant Long Beach lot

Tracy Tutor and her Brentwood home

Tracy Tutor of “Million Dollar Listing ” asking a lot more for Brentwood home

Anton Lessine and 321 South Bristol Avenue, and Behati Prinsloo and Adam Levine with their home (Credit: Getty Images and Zillow)

This week in celeb real estate: Adam Levine unloads $45M home, a Hollywood film producer sells in Brentwood…and more

Anton Lessine and 321 South Bristol Avenue (Credit: Getty Images)

Hollywood producer Anton Lessine sells Brentwood Park mansion for $17M