Quantcast

The Real Deal Los Angeles

Submarket Snapshot: Homes in Hancock Park in Q1 2016

Luxury home prices increased by 15.8 percent
Barry's Bootcamp CEO Joey Gonzales and his new Hancock Park home

Barry’s Bootcamp CEO Joey Gonzales and his new Hancock Park home

Hancock Park’s single-family homes market saw upward momentum in the first quarter, according to a report by the Agency, which looked at homes valued at more than $1 million. 

Those homes sold for an average of $2.48 million, a 15.8 percent price increase when compared with the same period last year.

Valuations climbed nearly 14 percent to $720 a square foot, Hancock Park’s 2nd highest average price per square foot, second only to Q4 2015.

There were 15 condos worth at least $500,000 that traded hands at an average price of $646,000 and $429 a square foot.

Joey Gonzalez, the CEO of Barry’s Bootcamp recently bought a $6.95 million mansion in Hancock Park with husband Jonathan Rollo.