Hollywood Riviera Homes Sales – January 2014 :
There are currently only 8 single family homes and 1 condo for sale in the Hollywood Riviera neighborhood. The average price of the single family homes currently for sale is $1,347,187 with the lowest price home currently for sale being $899,000. That house has 4 bedrooms and 2 bathrooms but is located on a large hill and there is little to no backyard. There is a nice deck in the back and there are very pretty city lights views from most rooms of the home. The most expensive home for sale currently is listed for $1,875,499 (reduced from $1,950,00.) This is a 3 bedroom, 2 1/2 bathroom home with just over 2200 sq ft according to the MLS listing. While this home looks very charming and has a neat lap pool & spa in the backyard, it has not sold in 166 days and most likely could use another price adjustment (downward) to get it sold.
Properties that are sitting on the market are more than likely overpriced these days as there is very low inventory, and buyers are out early this year for properties that are competitively priced as evidenced by the fact that the average price of the 5 houses that have actually sold this year (since January 1st, 2014) have sold over their listing price!
There are 9 single family homes currently under contract or pending sale here in the Hollywood Riviera. The average price of those pending sales is $1,217,222. The highest listing price of those homes is $1,500,000 and the lowest listing price of those homes is $869,000. These homes had an average Days on Market of only 48 days. That is very low! More evidence – if you price it right, it will sell quickly!!
Preparing your home for sale is a key factor in ensuring a quick sale. People like to walk into homes that look like “Model Homes.” Thus the term – builders know how to sell homes and they always stage them and they coined the term, Model Home! I always know a house will sell quickly when I hear the buyers that are looking through say, “Does anyone live here? It looks like a model home!”
If you would like help preparing your home for sale, please don’t hesitate to give us a call. We’d love to help you prepare your home for sale this year!
