Homes for Sale > Real Estate Market > California Real Estate Market > Hollywood Hills Real Estate Market

Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Hollywood Hills. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 818-632-2258

Average Home Price $750,000 - View Graph Trend
Average Price Compared to Last Year Down 10-15%
Average Time on Market 60-90 days
Best Selling Price Range$700,000 - $749,000
Worst Selling Price Range$1,000,000+
Prices As % of Asking Price 80-85%
Existing Home Prices for the past 90 days are?No Change
Market Trend Decreasing
Buyers’ or Sellers’ Market More buyers than sellers
Buyer Activity for the past 90 days in Hollywood Hills isIncreasing
Seller Activity for the past 90 days in Hollywood Hills is?No Change
Multiple Offers?Yes
Multiple Offers CommentaryAgain it depends on supply and demand as it pertains to homes with views, pools and updates at time of sale.
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?10-15%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Limited Supply
Inventory CommentsThe houses in the hills move fairly quickly provided the price is competitive. This is Southern California and people are here for the life style not only the sunshine...In Hollywood you are less than an hour away from public beaches, amazing restaurants by the beach, fabulous shopping malls or private boutiques.
Greatest Activity Repeat Buyers
Reason to Buy/Sell Lower prices with good selection and competitive interest rates creates a perfect time to buy in Hollywood Hills!
Nearest Metro AreaLos Angeles
Housing Hot SpotsMost cities within the Los Angeles County area are considered 'Housing Hotspots'. Homes near Mulholland are preferred as it is easily accessible to the city or the valley.
Average Sold Price $750,000 - View Graph Trend
Hollywood Hills Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

Click here for full article...
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Mortgage Rates
– Feb 11th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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Anita Rich
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Anita Rich
Keller Williams Realty
Keller Williams Realty

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