What Happened in November? Active Listings Dropped Off a Cliff
A Look at the Real Estate Market in the Hollywood Riviera
We look at a lot of real estate data and charts for the South Bay and the pattern is generally pretty similar in various towns. The Hollywood Riviera seems to be a bit different, however, and doesn’t seem to be following the same trends. What we saw was a fairly typical increase in both listings and sales as we got to, and through, the summer months. It usually slows down around November but it’s usually gradual. That wasn’t the case in the Hollywood Riviera as we went from 37 active listings in October to 26 in November and plummeted to 15 in December. Unfortunately for home buyers in the area, the inventory has been extremely low ever since.
View the current homes for sale in the Hollywood Riviera
The chart below shows active listings per month (light green) sold homes (dark green) and pending sales (red line)