#MarketUpdateMonday: Hollywood Riviera May 2017

The 90277 portion of the Hollywood Riviera had a strong month prior to summer with the all original homes that sold. The market is still going strong with the average days on market going from 42 days in April, down to just 8 days on the market in May. 

Here are some quick figures on Hollywood Riviera below: 

Number of Homes Sold: 4

Lowest Sales Price: $950,000 (3 Bed | 3 Bath | 1,884 | Town-home)

Highest Sales Price: $1,765,000 (5 Bed | 3 Bath | 2,570 SF | 6,837 Lot SF) 

Average Sales Price: $1,463,500

Median Sales Price: $1,569,500

Average Price Per SF: $779.02

How Many Homes Sold Over Asking: 2 Homes

Average Days On Market: 8 Days

The photos above are from a great original home that sold over $100,000 over the asking price and closed at $1,600,000. The view of the entire Queen’s Necklace from the living room is stunning, additionally it had a pool in the backyard.