Hollywood Hills Real Estate Market Sees Sales Fall

The Hollywood Hills market pulled back with a 10.2% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 55.6 monthly average with 53 homes sold. Within the same time frame, the Mid Wilshire neighborhood had 64 sales, the most of all neighborhoods in the area. Potential buyers should note that prices went up in Hollywood Hills, with the median for this period rising from $1,385,000 to $1,475,000. Hollywood Hills is a definite buyer's market, thanks to a big seven months of inventory to choose from and a pullback in sales.

Still haven't found the right home in Hollywood Hills? One of these new listings could end the search:

$1.4M   $2.2M   $1.5M  

Get started right now by checking out Hollywood Hills homes for sale or reviewing Hollywood Hills real estate trends.

Demographic facts for Hollywood Hills:

  • The median value of all homes is $843,645.
  • The area gets an average of 26 rainy days each year. (U.S. average: 100)
  • The unemployment rate is 12.3%.
  • The students per teacher ratio in this area is 20.5:1. (15.3:1 = national average)

Data reported through 10/12/2016

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Rodeo Realty
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Sotheby's International Realty
Snapped 13 homes in this area
John Aaroe Group
Snapped 7 homes in this area

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