Hollywood Hills Real Estate Market Conditions & Reports, Hollywood Hills Market Trends, California

Market Commentary Provided by Anita Rich
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

Report Date

Winter 2010

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CONNECT WITH A LOCAL PROFESSIONAL

Anita Rich
Keller Williams Realty
Encino, California
818-632-2258
anita@arichgroup.com
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Nearest Metro Area

Los Angeles

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

60-90 days

Market Trend

Decreasing

Housing Inventory

Limited Supply

Inventory Comments

The 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.

Average Home Price

$750,000 - View Graph Trend

Best Selling Price Range

$700,000 - $749,000

Worst Selling Price Range

$1,000,000+

Compared to Last Year

Down 10-15%

Prices As % of Asking Price

80-85%

Multiple Offers?

Yes

Multiple Offers Commentary

Again it depends on supply and demand as it pertains to homes with views, pools and updates at time of sale.

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Hollywood Hills is

Increasing

Seller Activity for the past 90 days in Hollywood Hills is

No Change

Is Financing Available For Qualified Buyers in Hollywood Hills?

Yes

Existing Home Prices for the past 90 days are

No Change

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

10-15%

Housing Hot Spots

Most 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.

Reason to Buy/Sell

Lower prices with good selection and competitive interest rates creates a perfect time to buy in Hollywood Hills!

Average Sold Price

$750,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

Click here for full article...