Bonnie's Blog: Hollywood News and Market Info.

Sorry I've missed posting...was sick for about 8days with some kind of cold/flu/virus thing... Son got head butt-ed in the eye (now has a black eye) and daughter ran head-on into a seesaw (now also has black eyes!)  When I'm out with my kids I get those funny looks!!

So I'm posting what went on in the market for 14 days... directly after my last post and up until this past Friday.  2weeks worth of new listings etc.   Things phone-wise were REALLY slow early December but we had quite a few phone calls and showings this past week.  A few New Yorkers looking to move down and then locals wanting to upscale from their starter homes..

Here goes: (single family only)

New Listings: 51

Went under Contract: 16

Closed Sales: 9

Listings that did not sell and expired: 31 (wow!)

Price Reductions: 61!!

If your home is up for sale, they say there are basically two reasons it isn't selling... price and/or condition.  If you've renovated, remodeled, house is in pristine condition and you can't sell... you need to reduce your price.   OR if you have one of the lowest priced homes...buyers probably feel that it still needs updated and don't want to be the ones to do it.   There are buyers who really WANT a house they can fix up and make their own, and there are buyers who don't want to lift a finger.   Depending on what you are selling, you just need to get the right person in to see your house.   With all the competition out there (so many homes on the market)  you need to be the cheapest AND the prettiest girl at the dance to even get an offer.

If you want more info on a particular house or you want to know what is going on in the Hollywood condo/townhouse market feel free to call me at (954)985-8336 or email me at:

Bonnie@BonnieKaufman.com

As always, check out our listings or search the local Multiple listing service yourself on our website at :

www.HousesInEmeraldHills.com

www.HomesInHollywoodFlorida.com

Have a great week!

P.S.  Check back tomorrow for news on CANYON RANCH LIVING, and some local neighborhood news.