Hollywood Riviera Homes Sales – June 2011 sees 15 homes Sold! – It’s been a busy month here in the Hollywood Riviera as far as home sales go.  15 homes closed escrow this month alone!  Wow!  Those homes ranged in price between $662,000 and $2,000,000.  For $662,000 the buyer got a nice starter home on Riviera Way with 3 bedrooms/2 bathrooms in 1120 sq ft.  It was cute and updated.  At the $2,000,000 mark the buyer got quite a location – at the corner of Paseo de la Playa and Paseo de Suenos.  It was a spacious home with 5 bedrooms/5 bathrooms in 3988 sq ft.    The average price of the Sold homes in June 2011 was $1,140,800.  Compare that to the 1st 5 months of 2011 at $939,888 and you can see how our average price has gone up for the 1st half of 2011 quite a bit thanks to the sales of June 2011!  Basically, there had not been any higher end homes sold for quite a while and finally a bunch sold to help bring our average price back up again!  The average price for the 1st half of 2011 is now $1,000,160.  Compare that to our average price for the 1st half of 2010 ($1,022,895) and we see that we have not lost any ground since last year.  One should keep in mind the number of homes sold in 2011 vs 2010 has been 22% higher.  50 homes have sold since January 1st, 2011 vs. only 39 homes sold in the 1st half of 2010.  That’s good news for someonen thinking of selling their home!  If you need any help or have any questions about selling your home in today’s real estate market, please give Kelly & Laura a call.  We are glad to go over marketing strategies with you!