#MarketUpdateMonday: Hollywood Riviera June 2017

The Hollywood Rivera sales continued to increase in June, a major part playing into an ocean front home that sold for $5,920,000. Although, 7 homes out of the 12 sales sold over asking price so the demand is increasing as we get into summer. 

Here are some quick stats on Hollywood Riviera below: 

Number of Homes Sold: 12

Lowest Sales Price: $830,000 (2 Bed | 2.5 Bath | 1,360 SF | Town-home) 

Highest Sales Price: $5,920,000 (5 Bed | 4 Bath | 3,250 SF | 22,289 SF Lot) 

Average Sales Price:  $1,828,450 

Median Sales Price: $1,587,500

Average Price Per SF: $894.98

How Many Homes Sold Over Asking: 7

Average Days On Market: 17 Days 

The photos above are from the ocean front home that sits on over 22,000 square feet of land with direct access to the sand. It was built with a modern coastal design back in 2010, and has 5 bedrooms, 4 bathrooms, jacuzzi, sauna and wine cellar. 

*Images provided by the MLS.