LOVELAND CARR PROPERTIES Q3 2015 RESULTS

Windsor Square: 157 S LucerneRepresented: Sellers. Multiple Offers.

3 bedrooms + 2 baths + poolAsking: $1,647,000 SOLD

Sycamore Square: 828 S OrangeRepresented: Sellers. Multiple Offers.3 bedrooms + 2 baths + bonus roomAsking: $1,275,000 SOLD

West Hollywood: 960 Larrabee #306Represented: Seller. Multiple Offers.

1 bedroom + 1 bathAsking: $445,000 SOLD

Country Club Park: 1027 S GramercyRepresented: Buyer.

3 bedrooms + 2 baths + poolAsking: $1,550,000 SOLD

Pasadena: 1207 S Los RoblesRepresented: Buyers. Multiple Offers.

2 bedrooms + 2 bathsAsking: $1,020,000 SOLD

Burbank: 1425 N PassRepresented: Buyer.

2 bedrooms + 2 baths + poolAsking: $685,000 SOLD

Brookside: 928 S TremaineRepresented: Sellers. Multiple Offers.

3 bedrooms + 2 .5bathsAsking: $1,495,000 SOLD

Silverlake: 3015 HyperionRepresented: Buyers.2 bedrooms + 1 bath

Asking: $874,000 SOLD

Hancock Park: 574 N CahuengaRepresented: Tenants.

3 bedrooms + 2 baths + poolAsking: $8,500/mo SOLD

251 N Larchmont BlvdLos Angeles, CA 90004

LovelandCarr.com323-460-7606

Janet Loveland30+ years of success

Cell: 323-864-7407janet@lovelandcarr.com

Anne Loveland10+ years of success + MBA

Cell: 323-864-3004anne@lovelandcarr.com

Ali JackSales Associate

Cell: 213-507-3959ali@lovelandcarr.com

Sue Carr30+ years of success

Cell: 323-864-7406sue@lovelandcarr.com

Q3 2015 Hancock Park Real Estate Market Round UpSINGLE FAMILY HOME SALES IN 2015 (JULY-SEPTEMBER)

Windsor Square Hancock Park Larchmont Village Fremont Place Brookside All Over $2MM

# Sold 19 10 9 1 5 22

Average Price $2,460,744 $3,065,000 $1,375,739 $10,100,000 $1,342,000 $3,510,826

Average Sq Ft 3,325 4,430 1,860 8,397 2,380 4,455

Average Lot Size (Sq Ft) 9,863 12,268 6,153 46,961 8,519 13,284

Average Price/ Sq Ft $775 $736 $740 $1,203 $579 $788

Average Days on Market 60 56 56 0 43 84

LEASES# Sold 36

Average Price $6,269

Average Sq Ft 2,565

Average Lot Size (Sq Ft) 21,479

Average Days on Market 39

High Price $16,000

Low Price $1,750

Change is afoot and it seems we are all in circulation more than ever. Expectations are changing, as are the ways we are using our homes. This quarter we have broadened our perspective to help many local clients transition from their current homes to their desired next step and have been intrigued with the myriad of choices citywide and beyond.

A NEW WAVE OF LUXURY IN HANCOCK PARKA case study: 516 S Hudson at ~$8.5MM shows us how an English Tudor can be reinvented for today’s lifestyle while maintaining its timeless elegance. Basements with screening rooms++ are the new amenities. Luxury home median prices ($4MM and above) have appreciated 6% versus Q3 ’14 with an average price per square foot of $826. The highest price per square foot sold was $1300, still well below West LA and NYC prices.

THE TIDE IS HIGH AND WE’RE MOVING…• Mid-tier home median prices ($2-4MM) have also appreciated 2% with an average price per square foot of $735. Unit volume was down

over 21% as homeowners are reluctant to sell and pay substantial capital gains tax.

• Homes under $2MM appreciated over 16% with an average price of $665 a square foot. Unit volume was also down over 21% as those wishing to sell face stiff competition among others also wanting to trade up.

• The average price to rent a home in our neighborhood is $6,269, 22% higher than last year. Unit volume was up 24%.

• Condo prices have appreciated 10% and Hancock Park Terrace on Wilcox broke through the $1MM barrier.

• Surrounding areas have seen appreciation as well. Most noteworthy to us are Hollywood north of Melrose and below Willoughby where new the average price per square foot is $704, 7% above a year ago driven new construction over $2.5MM. Country Club Park HPOZ between Olympic and Pico homes are selling for an average of $671 a square foot, up 42%. Investors are renovating beautiful large homes in the central location.

ON THE HORIZONInterest rates are likely to remain low and investors will continue to play a part in the market. Netflix is moving to Hollywood in late 2016, which will be a boon our neighborhood. Change is inevitable YET there are constants: quality, style and values that endure. Call us today! We look forward to sharing our hard earned wisdom with you and your family. Face to face conversations about big goals, big dreams and how to get there – that’s our “app” to build for generations to come.

LovelandCarr.com323-460-7606

*Statistics taken from the Multiple Listing Service. Boundaries are Melrose to Wilshire, and Sycamore to Ridgewood. Also included are Brookside and Fremont Place (to Olympic).License #01467820. © Coldwell Banker ® and Previews® are registered trademarks licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company.

Equal Housing Opportunity. Owned and Operated by NRT LLC. All rights reserved. If your property is listed with another broker, this is not intended as a solicitation.

2-4 UNITS # Sold 4

Average Price $1,653,750

Average Sq Ft 4,118

Average Lot Size (Sq Ft) 6,760

Average Price/ Sq Ft $382

Average Days on Market 61

High Price $1,950,000

Low Price $905,000

CONDOS# Sold 16

Average Price $708,219

Average Sq Ft 1,463

Average Price/ Sq Ft $484

Average Days on Market 54

High Price $1,260,000

Low Price $369,000