Here's what is happening in Hollywood Hills as of March 31st:
-- 6 homes sold this past month, 13 are under contract, and 86 are available for purchase
Now if you are interested in selling your home, these numbers are certainly not encouraging at face value. But remember that those 86 available homes include several multi-million dollar properties, which just don't sell very quickly, and plenty of overpriced listings, which will also sit on the market for a long time. The correctly-priced, well-presented and heavily promoted home WILL sell. If I can help show you how to do these things, please let me know.
So on to the details about what happened in Hollywood Lakes real estate this month...
WHAT SOLD?
1044 Harrison Street sold for $460,000 after 303 days on the market
This 4 bedroom, 3 bath home with 2,455 square feet was originally listed at $585,000 back in April of '09. It started getting offers when the price was later dropped to $495,000. This 2-story Spanish-style home with original tile and hardwood floors was designated a historic home by the city.
1230 Hollywood Boulevard sold for $220,000 after a mere 8 days on the market
I mentioned this house in a previous post, noting that it was a great deal. This 3 bedroom, 2 bath home with roughly 1,900 square feet sold for more than it's asking price of $209,900. Chances are it got multiple offers.
WHAT WENT UNDER CONTRACT?
Thirteen homes are currently listed as "pending sales," meaning they are under contract with a buyer, and therefore off the market. These include a 2,729 square foot waterfront home with deepwater dockage and no fixed bridges to the ocean, that had been listed at $1.3 million, as well as a modest 3 bedroom home on Polk Street that had been listed at $249,900. Note that there is no way to know the contracted purchase price until the sale is completed.
WHAT'S AVAILABLE?
On the high end, 900 N. Southlake Drive, pictured in my December '09 blog, has been reduced to $6.8 million. Next in price below that is 1101 S. Southlake Drive, a 4 bedroom, 4.5 bath waterfront home with 5,700 square feet. It features a marble fireplace in the master bedroom and a designer kitchen, and is listed at $4.5 million.
1101 S. Southlake Drive
On the lower end of the price range is a 3 bedroom, 2 bath home with a remodeled kitchen with granite countertops, and a huge backyard. It has 1,389 square feet, is a short sale, and is currently listed at $225,000.
1239 Buchanan, listed at $225,000
If you'd like to see any of these available properties, or if you'd like to discuss selling the home you currently own, please contact me for a free, no-obligation consultation. I am always happy to help.
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