10 Facts About the 2019 Real Estate Market
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In 2019 there were 86 sales in Windsor Square and Hancock Park. (90 in 2018)
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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)
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The homes that sold in 2019 were, on average, 11% smaller than those that sold in 2018.
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The average price per sq ft in 2019 was $858, compared to $849 the previous year.
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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.
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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.
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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.
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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%.
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77% of all the homes in Hancock Park are owner-occupied.
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69 homes in the neighborhood have not sold in the last 40 years.
