Share Hollywood Park Homes: June 2011

Saturday, June 25, 2011

The Hollywood Park Real Estate Market -- Sizzling or Fizzling this Summer?

So what's the real estate market doing in Hollywood Park this year?  In a nutshell, it's moving, but moving slowly.  As of today, through almost one half of 2011, there have been 21 closed sales in Hollywood Park, which would indicate around 40 to 45 sales for the year.  Compared to 2010's 55 closed sales in the Park, it's a slower market.

Of those closed sales so far this year, the $$ per square foot have ranged from approximately $80 per square foot (for a huge 4700+ sf foreclosure) to approximately $129 per square foot for a seven year old garden home with less than 2000 sf.

Days on market for the sold homes ranged from 16 days on market to 344 days on market, with most under 100 days.  Sales prices ranged from $159,900 to $485,000, with six of the sales being over $300,000.

Currently there are 35 homes on the market in Hollywood Park, ranging from $171,600 to $697,400, and 10 additional homes that are under contract which have not yet closed.  So, there's plenty of inventory for the buyers to choose from at the moment, and it can be confirmed that it is a buyer's market at the present time.

337 Meadowbrook
Available at $171,900
3-2 -2 carport

111 Canyon View
Available at $284,900
In-Ground Pool
4- 2 1/2 -2

513 Skyforest
Available at $299,500
4- 2 1/2 -  2 one story