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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
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| 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 is | Increasing |
| Seller Activity for the past 90 days in Hollywood Hills is? | No Change |
| 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. |
| 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 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. |
| 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 Area | Los Angeles |
| 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. |
| Average Sold Price | $750,000 - View Graph Trend |
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Anita Rich
Keller Williams Realty
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