Hancock Park: 2019 Real Estate Facts

10 Facts About the 2019 Real Estate Market
  • In 2019 there were 86 sales in Windsor Square and Hancock Park. (90 in 2018)
  • Homes spent an average of 61 days on the market in 2019, with an average price of $3,323,114. (58 days and $3,557,378 in 2018)
  • The homes that sold in 2019 were, on average, 11% smaller than those that sold in 2018.
  • The average price per sq ft in 2019 was $858, compared to $849 the previous year.
  • 3.5% - 4.8% of homes in the neighborhood sell each year, with the number of sales increasing each year, based on the last 5 years.
  • Recently renovated homes sold for the highest price per square foot at $950/ft. They also sold quickly, 23% faster than the neighborhood average. Homes that are “fixers” (deemed to need a LOT of work) also sold quickly but sold for an average of $768/ft.
  • Properties that aren’t fixers, but whose last update was 10 years ago or longer, took 22% longer to sell than the neighborhood average and sold for an average of $823/ft.
  • Spanish homes made up 24% of the sales this year and sold closest to list price than any other style of architecture coming in at 99.47% of the list. The average is 97.32%.
  • 77% of all the homes in Hancock Park are owner-occupied.
  • 69 homes in the neighborhood have not sold in the last 40 years.

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Chase’s specialty is the selling and leasing of residential property, including single-family homes, condominiums and multi-unit properties. He has also been retained many times over the years by various banking institutions to sell their inventory. His attention to detail and professionalism have also made him a popular referral among business managers, attorneys and financial advisors.

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