Hollywood Riviera – So Much Inventory Right Now

Here in the Hollywood Riviera there is so much inventory – 45 Single Family Homes on the market right now and 7 condos or townhouses.  Pending sales number 6 right now – which is better than it was a few days ago.  We actually have a “high end” house in escrow right now ($1.799K list price)…one of the most expensive houses to sell in almost a year….the last most expensive sale in ’09 was for $1.4K on March 31st, ’09. 
The lack of high end sales has killed the average sales price for the 1st quarter.  In 2008 we had a bunch of nice high end sales…2 homes above $2 million dollars and a few in the $1.5K+ range.  We have some great homes here in the Hollywood Riviera – super high end with amazing views, amazing finishes and super locations!   Who doesn’t want to live in the Hollywood Riviera – close to some of the best beaches in the South Bay, close to the Riviera Village – great restaurants, boutique shopping and Trader Joes! 
Of the 45 homes currently for sale there are some that really stand out –  This new listing at 636 Calle Miramar is a neat property on a nice large lot, with views, gorgeous remodel and beautiful backyard complete w/ amazing pool – all this for $2,499,000.  Next standout is  635 Calle de Arboles – a gorgeous home built in 2005 with 5 bedrooms and 4.5 bathrooms – it’s a deal at $1,545,000.  The next price level standout is  this gorgeous ocean and coastline view home at 308 Via Anita priced well at $1,155,000.  Next down the price chain is  this charming home at 5403 Calle Mayor for $929,000.  It’s got a beautiful secret garden style backyard and charm, charm, charm inside!  For the bargain hunter or first time home buyer in the Hollywood Riviera there is  this new listing in the ever popular “lower Riviera” at 236 Via La Circula for only $839,000 – this is a great price for an entry level 3/2 in the lower Riv. 

For any and all info regarding the Hollywood Riviera, feel free to call Kelly & Laura.  We would love to get you familiar with this wonderful neighborhood!