Summer Time Slow Down here in the Hollywood Riviera Real Estate Market – It’s pretty typical for the summer time to arrive and real estate sales to taper off a bit. Currently the active inventory here in the Hollywood Riviera is up to 37 homes for sale. Here is the list – click here. The homes for sale range in value from $689,000 on Newton – a busier street and this location not really even IN the Hollywood Riviera to, believe it or not, $12 million for a palatial home right on the bluff overlooking Rat Beach and the glorious Pacific Ocean. This time last year there were 34 homes for sale – and 35 for sale in August 2009 and 32 in August 2008….so you can see this is very ‘normal’ for our summer time. People go on vacations, kids our out of school (mom & dad have already moved by now to get kids into new school for this school year.) So if your house is for sale and you’re not getting much action…this is one of the number one reasons. Of course, we’ve got the US Congress making a mess of things right now with a complete lack of how to make decisions not on our side either – oh yeah – and the stock market taking a roller coaster ride – up 450, down 600…no wonder everyone is sitting on the sidelines wondering what’s going to happen next.
Some good news is that September is almost here. That’s when kids go back to school – mom and dad get their normal lives back and hopefully the US Congress will get its act together and make some sound fiscal decisions that will benefit our economy. By mid-September things real estate wise, start to take off again…so let’s hope this fall season will bring some nice sales with it to keep our ‘what’s been a very active 2011 real estate year so far’ on track to being a great year as a whole.
