The hill is hot! The absorption rate for new listings is under 2 meaning that it is an excellent sellers market and there is only about a two month supply of housing inventory at the pace buyers are buying.
Year to Date - Solds: 52 homes have sold priced from $230,000 to $1,685,000
Recent Pending: 10 homes priced from $425,000 to $1,298,000
Active Listings: 13 homes are available on the hill priced from $558,500-$1,986,000.
The current entry price point to buy a home on Hollywood Hill is about $100,000 more than 6 months ago. $558,500 is the new low for the neighborhood.
On the other end of the spectrum the luxury home market or those homes over $1,000,000 is still a little sluggish. There seems to be a barrier to the $2,000,000 price point. It has not been broken this year. So, there are some fabulous buys in the higher end, luxury, home market.
Hollywood Hill is made up of approximately 1,400 homes. The beauty of the neighborhood is that there are homes that were built in the early 1900’s and then throughout the century into the next. It is a diverse neighborhood and at anytime there may be a property that is older in construction, unimproved or with less square footage that may become available under $500,000.
On the other hand, the luxury home market abounds with fantastic homes that you could not replicate or build for the price offered today. Throw in the low interest rates and this is truly a market for both buyers and sellers.
For these reasons, if you are looking to purchase a home or sell one on the hill it is important to work with an agent that knows Hollywood Hill and can provide up to the minute data on available properties. (If you are not working with an agent and need one for Hollywood Hill – call me at 206-200-9849)
For more detailed real estate and active listing information contact me at 206-200-9849 or firstname.lastname@example.org
Lakeshore Realty West
Maureen Nolan – 206-200-9849
An exciting update on Mabel’s tavern. It’s re-opening as The Hollywood Tavern this Tuesday, November 12. The website is up….http://thehollywoodtavern.com/?page_id=341 , the menu planned with the Hollywood Burger front and center, and the old building will be expanded with plenty of outdoor spaces and a shiny new addition. The reviews and fanfare have also begun. Check out Seattle Met’s – Nosh Pit’s 5 Reasons to Get Excited About The Hollywood Tavern.
How and why did Woodinville become Washington’s premier wine hub? In one simple answer, Chateau Ste. Michelle. Ste. Michelle is the singular reason though there are a multitude of variables that have contributed to Woodinville’s rise in stature as Washington’s go-to place for Washington wine. Read more – How wine put Woodinville on the map.
What a dynamic real estate year 2013 has proven to be so far. Here are the latest real estate statistics for Hollywood Hill:
Year to Date - Solds: 27 homes sold from $230,000 to $1,685,000
Year to Date – Pending: 12 homes priced from $399,950 to $1,495,000
Active Listings: 19 homes are available on the hill priced from $465,000-$1,800,000.
Current and active listings include new construction opportunities which have not been available on the hill for a few years. In addition, right now there is a select group of stellar properties available that embrace everything Hollywood Hill has to offer. Acreage, equestrian, wine country and lifestyle properties that are irreplaceable and so unique that they are like none other anywhere in the Puget Sound area.
And to top that off a new restaurant has opened in the ‘hood. The long awaited opening of The Commons Cafe took place this week. Owned by the Heavy Restaurant group aka Purple Cafe and crew they took over the old Tully’s spot at the bottom of the hill. And with more food there is always more wine in Woodinville! Welcome the highly acclaimed Fidelitas to the neighborhood. They are located between Dusted Valley and Trust Cellars.
Hollywood Hill is definitely the place to live especially if you enjoy food, wine and a terrific lifestyle!
For more detailed real estate and active listing information contact me at 206-200-9849 or email@example.com
Lakeshore Realty West
Maureen Nolan – 206-200-9849
Woodinville is preparing itself for the traditional right of Spring with Passport a two day wine fest. This year Woodinville Wine Country held a Passport pre-function an evening of Reserve wines held at Columbia Winery on April 12th. 40 wineries with wines rated over 90 points poured their finest to a full house of adoring fans.
The Reserve served up a nice prelude to Passport 2013 which will kick off this Saturday, April 20th, at Noon and will run through Sunday, April 21st, until 4pm.
Get Tickets HERE.
If you are planning on attending Passport my advice to you is be ADVENTUROUS. You may have your winery comfort zones but step out and try some of the lesser known wineries. Let me recommend a few that participated in the Reserve tasting:
This is my short list and I can guarantee the wineries listed won’t disappoint. So many great wines and so little time. What is on your 2013 Passport itinerary?
Anticipation for Skillet’s Hollywood Tavern has just been quadrupled. It’s apparent the owners of The Hollywood Tavern will be tormenting the public by slowly but surely revealing menu items. Eater – Seattle has the scoop on the soon to be signature Hollywood Tavern Burger. Unfortunately, it won’t be until August that you can get your hands on one of these but you can follow The Hollywood Tavern’s progress at the Huxley Wallace FB page or at their official website http://huxleywallace.com/spaces/