🏡 June 2024 Luxury Real Estate Market Update & Trends for Hollywood Hills East 🌟
🏡 June 2024 Luxury Real Estate Market Update & Trends for Hollywood Hills East 🌟
🔼 Avg Sales Price: $2.37 million,📈 UP 11%
🔼 Avg List Price $2.98 million,📈 UP 6%
🔻 Properties Sold: 7, 📉down 9%
🔼 Days on Market: 40 📆, 📈UP 43%
🔻 $/Sq FT: $908, 📉 down 9%
Unlock the hidden wealth in your Hollywood Hills property! 🗝️💼 Curious about your home equity 💰? Thinking of buying in Hollywood Hills? 🏠🌴 Let's chat! Send a DM or call us at 📱 310-777-6342 for expert insights!
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The Hollywood Hills East area is known for its stunning views, luxurious homes, and vibrant lifestyle. Let's dive into the latest real estate trends for June 2024, and see how this iconic neighborhood is performing.
Market Overview
Average Sales Price: The average sales price in Hollywood Hills East has risen to $2.37 million, marking an 11% increase. This significant rise highlights the ongoing demand for luxury homes in this desirable area.
Average List Price: The average list price is now $2.98 million, up by 6%. This uptick reflects the confidence of sellers in the market and the high value of properties in Hollywood Hills East.
Properties Sold: The number of properties sold in June has decreased by 9%, with 7 homes sold. This slight dip might indicate a more selective buyer pool, but the market remains active and competitive.
Days on Market: Homes are now staying on the market for an average of 40 days, which is a 43% increase. This longer market time suggests that while demand is high, buyers are taking their time to make well-considered decisions.
Price per Square Foot: The price per square foot has decreased by 9% to $908. This slight drop could be an opportunity for buyers looking to invest in Hollywood Hills East at a more favorable rate.
Unlock the Potential of Your Hollywood Hills Property
If you own a property in Hollywood Hills, now might be the perfect time to assess its value. The market trends show a robust demand for luxury homes, and understanding your home equity can unlock new opportunities.
Thinking of Buying in Hollywood Hills?
Hollywood Hills offers an unparalleled lifestyle with its breathtaking views, luxurious homes, and close proximity to Beverly Hills. Whether you're a first-time buyer or looking to invest in a high-end property, Hollywood Hills East provides a unique blend of suburban tranquility and urban excitement.
Let's chat! If you're curious about your home equity or thinking of buying in Hollywood Hills, send a DM or call us at 📱 310-777-6342 for expert insights and personalized advice.
Join the Hollywood Hills Lifestyle
Hollywood Hills East is more than just a neighborhood; it's a lifestyle. With its upscale amenities, vibrant community, and prime location, it's no wonder that Hollywood Hills continues to be one of the most sought-after areas in Los Angeles.
Unlock the hidden wealth in your Hollywood Hills property today and take advantage of the current market trends. Whether you're selling, buying, or just exploring your options, we're here to help you navigate the luxury real estate market with ease.
For more updates and insights on the luxury real estate market in Los Angeles, including Beverly Hills home prices, market time, and property values, stay tuned to our blog and connect with us for all your real estate needs.