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🏡 May 2024 Luxury Real Estate Market Update & Trends for Hollywood Hills East  🌟

🏡 May 2024 Luxury Real Estate Market Update & Trends for Hollywood Hills East  🌟

By Christophe Choo Posted Jul 02, 2024 Latest Updates, Market Activity, Real Estate Advice for Buyers & Sellers, Videos

🏡 May 2024 Luxury Real Estate Market Update & Trends for Hollywood Hills East  🌟

🔻 Avg Sales Price: $2.13 million, 📉down 10%

🔻 Avg List Price $2.72 million, 📉down 7%

🔻 Properties Sold: 4, 📉down 50%

⚪️ Days on Market: 32 📆, no change 0%

⚪️ $/Sq FT: $958, no change 0%

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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Welcome to our May 2024 luxury real estate market update for Hollywood Hills East! This expansive area north of Sunset Boulevard or Fountain offers stunning city and canyon views, with a mix of classical and contemporary homes. Hollywood Hills East, with its rich history dating back to the 1920s and 1930s, provides an affordable alternative to the more expensive West Side Hollywood Hills. Let’s dive into the latest trends and statistics for this charming neighborhood.

Market Overview

In May 2024, the average sales price for homes in Hollywood Hills East saw a 10% decrease, bringing it to $2.13 million. This decline reflects a more affordable market compared to the West Side, making it an attractive option for those seeking the Hollywood Hills lifestyle without the hefty price tag. The average list price also dropped by 7%, now standing at $2.72 million.

Properties Sold and Market Time

The number of properties sold in Hollywood Hills East in May was four, down by 50% from the previous 90 days. This significant decrease in sales indicates a more competitive market. However, the days on market remained steady at 32 days, suggesting that well-priced homes are still moving relatively quickly.

Price Per Square Foot

The average price per square foot in Hollywood Hills East is $958, offering a more affordable option compared to the West Side, where prices can be 40-50% higher. This price point provides excellent value for buyers looking to invest in a desirable neighborhood with historical charm and modern amenities.

Why Choose Hollywood Hills East?

Hollywood Hills East is not just about affordability; it’s about lifestyle. The area boasts breathtaking views, a rich history, and proximity to the heart of Hollywood. You can enjoy the vibrant culture, entertainment, and dining options of Hollywood without the steep prices of the West Side. Whether you're a first-time buyer or looking to invest, Hollywood Hills East offers a unique blend of history and modern living at a fraction of the cost.

Unlock Your Property’s Potential

Curious about the hidden wealth in your Hollywood Hills East property? Wondering about your home equity or considering buying in this dynamic neighborhood? Our team of expert real estate agents is here to provide you with the insights you need. Contact us at 📱 310-777-6342 or send us a DM for personalized advice and market analysis.

Bottom Line

Hollywood Hills East remains a desirable and affordable alternative to the West Side, offering stunning views, historical charm, and a competitive real estate market. Whether you're looking to buy or sell, understanding the current market trends is crucial. Connect with a reliable real estate agent to navigate this market and make informed decisions.

Stay tuned for more updates and insights into the Hollywood Hills East market, and reach out to us for all your real estate needs.

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