Share Hollywood Park Homes: Hows the Market in Hollywood Park?

Tuesday, May 4, 2010

Hows the Market in Hollywood Park?

The real estate market in Hollywood Park is a little confusing at the moment.  So far in the four months of 2010, there have been 14 closed sales, or about 3.5 sales per month.  That translates into approximately 42 sales for the year, which is close to the number of sales in '07, '08 and '09.

However, there are currently 15 Hollywood Park homes under contract.  Most homes under contract close in about 30 to 45 days, so it appears that by the end of June we may see 29 closed homes, which would indicate 58 sales annually.  So time will tell if this large number of homes all close, and if this trend continues. 

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