I was pleasantly surprised to review the December 2008 statistics for the West Hollywood Condo Market.
Specifically, I compared December 2008 to 2007 and 2006. Obviously, a single month does not signal a definitive trend, but it was good to see the market holding steady.
WEST HOLLYWOOD CONDOS: December 2008 / December 2007/ December 2006
Average Selling Price: $700,000 / $812,000 / $615,000
Average List Price: $744,000 / $847,000 / $632,000
Median Price: $650,000 / $568,000 / $510,000
Total Sold in Dollars: $17,500,000 / $16,200,000 / $16,600,000
Number of Listings Sold: 25 / 20 / 27
Lowest Price Condo Sold: $319,000 / $350,000 / $381,000
Highest Price Condo Sold: $1,100,000 / $2,250,000 / $1,300,000
(Statistics extracted from The CLAW MLS and rounded off for ease of comparison)
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