Hollywood Hills Real Estate: Appreciation Nation

Hollywood Hills' real estate, just as real estate in the greater Los Angeles area, is experiencing a continuing Seller's Market. A Seller's Market occurs when there is a low inventory of homes. In other words, there are few homes out there for sale and many buyers who want to move into the Hollywood Hills area. This allows sellers to ask more for their properties, thus creating a Seller's Market. And this trend is not predicted to change. Barak Sheiner claims that homes in the Hollywood Hills are predicted to appreciate 5-8% in 2005.

According to Lucio Bernal and Richard Burt, Hollywood Hills is chock full or entertainers ranging from producers and directors to actors. The Hills provides a view of Hollywood Lake and the Hollywood Sign. Hollywood Hills is popular as it is close to the city of Los Angles, but remains tucked away so that it is not in the hustling bustling heart of the city.

Hollywood Hills Prices:

Hollywood Hills homes for sale in 2003 listed at approximately $434,000 and sold for the average price of $581,854.

The prices of homes in Hollywood Hills are greatly affected by its residents-some of Hollywood's most famous actors and actresses. For example, Mark Ruffalo, who played in \"13 Going on 30,\" recently purchased a home in the Hollywood Hills for approximately $1.7 million.

With stars constantly pouring into the Hollywood Hills and the inventory remaining on the low side, Hollywood Hills real estate is poised to appreciate again in 2005.