Hollywood Hill Real Estate News
February Solds: 2 homes priced from $435,000 to $1,685,000
Year to Date Solds: 4 homes
Active Listings: 13
Hollywood Hill is such a fantastic and unique lifestyle experience that is hard to compare to other neighborhoods in the Puget Sound area. Wide open spaces, a vibrant agriculture culture that includes equestrian, farming, wine production, breweries, world famous food, parks and an excellent school district. I’ve known people to rent a home for years in the neighborhood and then wait until the perfect home became available. Hollywood Hill is still a well kept Eastside secret but is becoming one that is being discovered. Those of use fortunate enough to live in the neighborhood knew it was only a matter of time.
Multiple offers are hitting the neighborhood. Buyers are also discovering the values for homes are still a bargain in Hollywood Hill compared to other Eastside neighborhoods. You can find a fantastic home on almost an acre or more for less than $500,000 and if you want something with more grandeur that is also available for under $2,000,000.
The year to date real estates results show that the closed and sold homes are selling for about 96% of their asking prices with and average sold price of $892,500.
The absorption rate for Hollywood Hill is approximately 1.3. Anything less than 3 is a “sellers” market. Buyers don’t let this information discourage you. There are still some amazing deals to be found on the hill!
Lakeshore Realty West
Maureen Nolan – 206-200-9849