#MarketUpdateMonday: Hollywood Riviera July 2017

The Hollywood Rivera sales slowed through summer as inventory was so low. Only 7 homes sold in the 90277 Zip code of the Hollywood Riviera, however, average days on market was only 5 days! 

Here are some quick stats on Hollywood Riviera below: 

Number of Homes Sold: 7 

Lowest Sales Price: $875,000 (2 Bed | 3 Baths | 1,342 SF | Townhouse) 

Highest Sales Price: $1,287,000 (3 Bed | 2 Bath | 1,546 SF | 6,868 SF Lot) 

Average Sales Price: $1,099,143

Median Sales Price: $1,100,000

Average Price Per SF: $823.25

How Many Homes Sold Over Asking: 3

Average Days On Market: 5 Days 

The photos are from a great ocean view town-home that ended up for selling $80,000 over list price at $1,072,000. With three beds, two and a half baths at 1,900 SF, and unobstructed views of the ocean, this is a great alternative to a single family. 

*Images provided by the MLS.