How is the West Hollywood, CA 90046 Market doing as of today?...

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708

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.

 

 

www.endrebarath.com

 

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:))

www.endrebarath.com

 

 

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

 

Comments (13)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

There is a good amount of fluctuation but you just have to find the pocket that suits you, I feel like

Nov 14, 2022 10:33 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Endre - I love your graphs.  Every market is so different.  Your local intelligence helps your buyers.

Nov 15, 2022 03:38 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

All I can say, Endre, is that your real estate in the LA area is in the stratosphere! 

Nov 15, 2022 04:24 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Endre. The prices in West Hollywood are simply amazing for a guy from the midwest. Rare air for sure! Enjoy your day.

Nov 15, 2022 04:31 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

That median price range in West Hollywood certainly says a lot about this area Endre. And these are prices that bumped down this week...Wow!

Nov 15, 2022 04:37 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Every market is definitely different; I can't get over the median price points in West Hollywood 90046!

Nov 15, 2022 04:43 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Endre Barath, Jr. There were two words used in comments to describe your marketing report that made me smile big, "stratosphere," and "rare air." What else can I add? Other than it's all about location, location, location! For your area you are an amazing success story. Although the market has cooled down a bit, I have no doubt you are not just sitting around twiddling your thumbs waiting for buyers and sellers. 

Nov 15, 2022 05:56 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That is where knowing the local market is very important since something completely different could be happening in the market right next door, haha.

Nov 15, 2022 06:01 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Endre you are always on target and to the point with your market reports.  Great job!!!

Nov 15, 2022 02:45 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

West Hollywood home buyers and sellers are sure to value your real estate market report, Endre.

Nov 15, 2022 07:17 PM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Endre, I am always amazed at your market reports for the Hollywood areas. Just looking at those median price ranges blows my mind. I know you cherish those good old days in the business. Seeing how your sellers still have an advantage is no surprise. 

Nov 16, 2022 08:47 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Endre,

I use Altos also.  Your market is doing better than Sedona.  We are at an MAI of 30. 

Nov 16, 2022 02:05 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Endre:

You've presented some good information for buyers and sellers in the West Hollywood area. You knowledge of the market conditions and the impact on sales and prices would be a huge benefit to anyone wanting to buy in the area.

Jeff

Nov 17, 2022 04:44 PM