Hollywood Riviera & South Bay Real Estate Blog

I just wanted to update you on the amazing rapid clip the Riviera has been on for home sales.  Look back to our May 19th, 2009 blog post and you will see that Kelly reported 10 homes in the sale pending category, with about 45 homes for sale at that time.  As of today, June 24, 2009, I am very pleased to tell you there are 24 homes in the sale pending category with only 27 homes for sale (down sharply from a high earlier this year of about 52 homes for sale)!  What a jump up we have seen lately.  It directly correlates to a lot of positive news the media has reported in the past month, and historically low interest rates.  Buyers perceive this a great time to buy, and perception becomes reality.