Hollywood Hill Real Estate News – Year End 2014
57 homes sold and closed !
$766,933 – was the average sold price for 2014:
98.57 % was the percent sellers received of their list or asking price.
29 – were the average number of days it took to sell a home.
$248.33 – was the average price per square foot sellers received.
One thing a seller considering selling in 2015 can take away from this data is that homes on average sold in less than 30 days in 2014.
2015 appears to be on a quicker pace. As a seller on the Hill, if your home doesn’t get a showing and doesn’t sell within that 30 day window, you might need to change your strategy. If you tried to sell your home in 2014 and didn’t have success 2015 may be your year.
Buyers should take note that sellers are getting 98.57% of their listing or asking price.
Hollywood Hill has little inventory therefore the best houses are coming onto the market and are sold quickly. Buyers need to be prepared to act. Pre-approval by a qualified lender and working with an agent that knows the neighborhood can be your keys to success.
Lakeshore Realty West
Maureen Nolan – 206-200-9849