West Hollywood, CA 90046 - West Hollywood
Mon Nov 14 2022
This week the median list price for West Hollywood, CA 90046 - West Hollywood is $2,224,500 with the market action index hovering around 43. This is less than last month's market action index of 52. Inventory has decreased to 6. Clearly you heard me saying that each pocket of Los Angeles Real Estate is different. Here is a perfect example West Hollywood, CA in the 90046-zip code is still a sellers' market.
Slight Seller's Advantage
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices. In case you are wondering the MAI is Market Action Index!
Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
Not sure if you know when I started out as a Realtor here in Los Angeles, my first office was in West Hollywood, a boutique firm called Fred Sands Realtors and we were on the iconic Sunset Blvd. so I am always looking at how the market is in West Hollywood. Not wanting to age myself but in those days you could see Celebrities popping in the office and wanting to buy or sell properties and not having their Handlers talk and act for them... Ah the Good old Days:))
Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly! If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 ( m) homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com I contribute a portion of my commission to local animal rescue organizations. Endre Barath, Jr. Realtor at Berkshire Hathaway HomeServices California Properties DRE#01238708
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