Here in the Hollywood Riviera real estate market there are 9 pending sales right now – that’s good news. The very good news for our neighborhood right now is that we have a home that was listed for $1,799,000 in escrow right now. There hasn’t been a sale above $1,465,000 since November 1st, 2008. This will create a comparable for the higher end market which has been taking a beating lately as far as appraisals go. Even if someone has wanted to refinance their home, the house has to go through the appraisal process and no higher end comps bring down the average.
Click here to see the current pending sales.
There are currently 43 homes for sale right now in the Hollywood Riviera. This includes everything from $625,000 for a fixer on Pacific Coast Highway to $2,799,000 for a brand new contemporary home looking over Torrance Beach. Click here to see the list of homes for sale in the Hollywood Riviera.
To see what has sold in the Hollywood Riviera since January 1st, 2009 – so a little longer than the 1st quarter ’09…..Click Here. 12 homes have sold since January 1st, 2009. That is down from 17 homes the same time last year. The average price of the 17 sold homes last year was $1,190,000 and the avg $/sq ft was $577. The average price of the 12 sold homes in 2009 is $972,583 and the avg $/sq ft is down to $509.