79 new real estate properties in Hollywood, Florida have been added to Ofirio in the last 7 days.
Of those new properties:
Hollywood, Florida has a low demand for real estate. This is determined by the difference between the list price and the closed price, which on average is 4% lower than than the list price. The demand for luxury real estate is lower than the demand for “Under $200k” real estate by 3%. Homes in Hollywood, Florida are on the market for 103 days, on average among all of our listings.
This week the following real estate properties became available for sale:
The biggest change in price is in the 5 Beds segment and it is 69% ($691,833) more than the week prior.
The average closing price for real estate in Hollywood Florida has fallen by 23% from the last week, which amounted to $762,458.
As of January 2023 Hollywood, FL is a seller market which means homes sell faster at a higher price. In January 2023, 23 homes (22.3%) sold at asking price, 68 homes (66.0%) sold below asking price, and 12 homes (11.7%) were sold above asking price. If purchasing a home there is little room to negotiate the price.
The median home price increased by 5.7% from $383,000 in January 2022 to $405,000 in January 2023. The number of homes sold in Hollywood, FL has decreased by 58.8% over the last year from 216 in January 2022 to 89 homes in January 2023.
Homes in Hollywood, FL have sold for 8.8% more per ft² than they did a year ago. As of January 2023 the average price per square foot is $320.
Hollywood, Florida has a higher cost of living than the national average. Transportation costs are especially expensive in the city.
Hollywood real estate is also more expensive than the US average. Homes for sale in Hollywood, FL tend to go for around $408,000 with the average house having around four beds.
Food costs are slightly higher in the city, but health care and utilities are actually a bit lower than the US average.
The average wage in the city ranges from $45,000 to $65,000 and there has been a slight increase in wages over the last year.
Overall, Hollywood is more expensive than surrounding areas in the state but is not overly expensive.
Hollywood is positioned along Florida’s southeast coast right between Fort Lauderdale and Miami giving it a prime location between two major cities.
The weather in the city is ideal and typically ranges between 76 to 90 degrees Fahrenheit during the day. The coldest it is likely to get is only around 62 degrees.
Considering that it is located on the coast, there are plenty of boating and fishing opportunities along with some recreational scuba diving and the average beach day.
While the cost of living is a bit higher in Hollywood, there are plenty of entertainment options and restaurants throughout the city.
The area has seen an increase in economic growth over the years and there are plenty of opportunities available especially considering that it is positioned between two major cities.
Overall, Hollywood is a great place to live, despite the fact that the cost of living is higher than the national average.
Hollywood is sometimes known as “Hollywood by the Sea” and has plenty of outdoor activities and entertainment options.
Hollywood Beach Broadwalk, for example, is a four-mile-long stretch of beach with restaurants, shops, hotels, and even a couple of parks.
The ArtsPark is located in Downtown Hollywood and has a couple of parks and is generally a nice place to spend an evening.
Another popular destination is the Seminole Hard Rock Hollywood Casino which is known for being one of the largest casinos in the state. It contains many high-end restaurants, concerts, and more. The Hard Rock Stadium is also a site to see as it is known to host NFL games.
If you are a foodie, then you’ll like Le Tub which is known for having great burgers and a nice view of the Atlantic shore.
The Village at Gulfstream is a well-known shopping center that also contains restaurants and various forms of entertainment.
The Art and Culture Center of Hollywood is worth seeing. It showcases various galleries and exhibits throughout.
Cinema Paradiso is a very unique cinema featuring many different forms of seating from couches to even car seats.
Hollywood is full of glass blowers and the Hollywood Hot Glass is a great place to go if you want to see a demonstration.
There are plenty of parks throughout Hollywood including John Williams Park which is encased in an oak forest, making it a good option on hot and sunny days.
All in all, Hollywood is filled with a lot of different entertainment options, parks, restaurants, and more.
The Hollywood real estate market has seen a steady rise in home prices over the years. Homes for sale in Hollywood, FL cost around $408,000.
That being said, housing costs have recently come down which may make it a great time to invest in real estate.
Because many have been moving to Florida over the years and Hollywood’s ideal position between two major cities, real estate investment in the area could be a good choice.
Hollywood is also based by the coast and has plenty of attractions which makes it a great tourist destination.
The population size in the city is steadily increasing, and the area currently has around 157,000 residents.
Overall, Hollywood is a great place to buy a house and settle down despite its higher-than-average housing costs.
Hollywood is a great place to raise a family. There are plenty of parks throughout—many of which have kid-play areas with swings and slides.
The crime rate is also lower than the national average as well as the Florida average. The average wage ranges between $45,000 to $65,000 which is enough for a family.
The only downside is the high cost of housing with the average house costing around $408,000.
There are plenty of great areas throughout Hollywood. If you like the beach, then Hollywood Beach Broadwalk is a great place to go. The Sheridan Oak Forest is also a great place if you enjoy wooded areas, hiking, and biking.
The Aventura Mall is ideal for shoppers and is known to be one of the best malls in the US. The Village at Gulfstream is also a great shopping center.
Downtown Hollywood has a variety of restaurants, entertainment centers, and more. If you like to golf, then the Orangebrook Golf and Country Club is a good place to go.
Overall, there are plenty of different places you can go or live in that can fit your preferences and needs.