West Hollywood Real Estate Market Report 2nd Qtr 2013

By
Real Estate Broker/Owner with Home Jane Realty BRE# 01439865

West Hollywood is one of the more affordable communities in Los Angeles.  An incorporated city with a high Walk Score, West Hollywood has great dining, stores, galleries, and nightlife, and is a much sought-after neighborhood  in which to live.

West Hollywood Real Estate 2nd Qtr Market Report

Let’s see how the 2nd Quarter of 2013 compares to the 1st Qtr..

(The West Hollywood area on the MLS does include neighborhoods just around the city itself.)

West Hollywood single family sales

Sold +/- Median +/- Active Median Pending
43  +24 $1,118,000 -14% 28 $1,297,000 19

West Hollywood condo sales 

Sold +/- Median +/- Active Median Pending
105 +16 $499,000 +0.81% 83 $650,000 61

 

Sellers Market Balanced Market Buyers’ Market
Less than 5 months 5 to 7 months More than 7 months

Information provided by MLS/CLAW deemed reliable but not guaranteed

West Hollywood real estate has a much lower concentration of single family homes than condos and apartments. Sales were up and the median price dropped.  Inventory remains low.

Sales of condos were up as was the median price over the previous quarter.

As with other Los Angeles neighborhoods, inventory is extremely low.

Homes for sale in West Hollywood

 

 

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Read more: http://www.homejane.com/west-hollywood-real-estate-2nd-quarter-in-review.html#ixzz2ZiCRj7i1

Comments (2)

Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Jane - You really show your clients that you really know the Los Angeles real estate market.  The West Hollywood condo market seems very affordable with a median average price of under $500,000. I hope buyers and sellers call you to help them.  You really are a local expert when it comes to the West Hollywood area!

Jul 21, 2013 01:44 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Laura,  thank you.

Jul 22, 2013 05:09 AM