The wine room in the Holmby Hills spec house at 301 North Carolwood Drive (credit: Everett Fenton Gidley)
Holmby Hills’ 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.
A spec house in the neighborhood at 301 North Carolwood Drive was recently listed for a whopping $150 million.