2011 Real Estate Stats for Hollywood Hill ~ Woodinville’s Wine Country
Hollywood Hill is the self-appointed neighborhood of Woodinville’s wine country. It is the closest in proximity to the action and has its very own wine district which is home to the highly acclaimed wineries of Adams Bench, Alexander Nicole, Mark Ryan, J. Bookwalter, Amavi Cellars, Pepper Bridge, Airfield, Goose Ridge, Trust Cellars, Sparkman Cellars, Dusted Valley, Lachini, William Church, Brian Carter, Challenger Ridge a distillary, Soft Tail Spirits , Dellile Cellars, and our very own Hollywood Hill Vineyards…to name a few.
In my opinion it’s close enough to the end of the year to take a look at the data for Woodinville’s wine country year-end real estate activity for 2011. And believe it or not the raw data doesn’t look to bad!
Active listings available for purchase = 19 homes
Median price point = $625,000 (don’t worry entry level into the neighborhood is around $300K)
Days on Market = the average days on the market for a currently listed home is 101 days.
Pending home sales = 6
Median price = $730,266
Days on Market = 142 days
SOLD homes = 57
Median sold price = $620,000
Days on market = 130
Average sale price to list = 96.73% (seller’s didn’t negotiate much to get a deal together)
The absorption rate is approximately 3… which indicates the market is leaning towards a seller’s advantage. In summary, Hollywood Hill’s real estate is going strong! Almost as strong as some of the wine in town…Cheers.
*Data provided by the NWMLS