Hollywood Riviera Real Estate Update
By Keith Kyle
Whether you’re a home buyer or selling your home in the Hollywood Riviera, keeping up with the real estate market trends and statistics can be a great way to make an educated decision. Below is a series of charts showing what the real estate market in the Hollywood Riviera is doing each month.
The chart above shows the number of active listings, homes in escrow and sold homes for each month in the Hollywood Riviera.
The chart above shows the average price per foot of homes in the area. While this can be a helpful statistic it’s not always as relevant in an area such as the Hollywood Riviera in which homes can differ so greatly in terms of upgrades, views, age, etc.
The chart above shows the average days on market as well as the % of how close homes are selling to their original list price.
The chart above shows the average list prices of the homes as well as the average selling prices of the homes.
The chart above shows the months of inventory on the market or how long it would take to sell all of the homes. The higher the number the more of a buyers market it tends to be.