The Real Deal Los Angeles

Submarket Snapshot: Homes in Hollywood in Q1 2016

Sales volume of luxury properties increased

June 08, 2016 05:00PM
By Hannah Miet

  • Print
Credit: Wikipedia Creative Commons

Credit: Wikipedia Creative Commons

There were seven homes in Hollywood proper that sold for more than $1 million in the first quarter of the year, up from four sales in the fourth quarter of 2015, according to a report by the Agency.

The luxury residences traded for an average of $1.7 million, up from $1.6 million the previous quarter. They sold for an average of $659 a square foot, down from $746.

The properties sold at an average of 2.1 percent above listing price.

As of April 2016, there were five properties listed in the non-hills part of Hollywood, for an average of $1.4 million and $796 a square foot.