They are not higher, but are about at 2005 levels. This is common in a highly desireable area with such strong demand.
Here's a link to the Metro L.A. page on my website which lists all of the properties currently for sale in Hancock Park. I hope this is helpful. Please feel free to contact me if you'd like to receive a current comparable sales report for the area. Best of Luck.
Certified Short Sale Professional
Certified Home Retention Specialist
Blogging at: http://TheBremnerGroup.com/blog
Median sale price in 2006 was $1,250,000, in 2007 $1,203,000, in 2008 $1,209,000 and in 2009 $880,000 -- down 27% off peak.
Read more in more Blog post about Hancock Park values below.