The Hancock Park area of Los Angeles is a long-established neighborhood with many stately mansions, including that of the Mayor of the City of Los Angeles, Getty House, in the Windsor Square area. Enjoying a lengthy and colorful history, according to the Windsor Square – Hancock Park Historical Society, construction of the homes in the Windsor Square and Fremont Place areas began in 1910, and the Hancock Park development started on Rossmore, moving west to Highland in 1921 Hancock Park is home to the quaint shopping district known as Larchmont Village.
The area known as Hancock Park – Wilshire is bounded by La Brea Ave. on the west, Melrose Ave. on the north, Western Ave. on the east, and Pico Blvd. on the south 18 homes sold in this area in May 2011 out of the 75 homes in total that sold from January through May 2011, From January through May 2011, single family home sales totaled $106,904,695, up from $91,632,062 in sales for the same time period in 2010. In May 2011, the list price for a single family home in the Hancock Park – Wilshire area averaged $2,233,161, and the sale price averaged $2,117,366. With a wide and varied range of property values typical for the area, sales of individual homes in May 2011 ranged from $600,000 to over ten times that number at $6,075,000, with the median sale price being $1,553,250.
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