West Hollywood Real Estate, 2012 in Review

West Hollywood is still 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 to live.

How did the West Hollywood real estate market do in 2012?  (The West Hollywood area on the MLS does include neighborhoods just around the city itself.)

West Hollywood single family sales

Sold +/- 2011 Range Median +/- 2011 Active Range Median Pending
73  -7 $285,000 to $3,200,000 $913,000 +3.16% 16 $550,000 to $4,200,000 $1,436,500 12

West Hollywood condo sales 

Sold +/- 2011 Range Median +/- 2011 Active Range Median Pending
353 +24 $125,000 to $6,400,000 $413,000 -8.22% 56 $257,900 to $4,295,000 $780,000 50


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

West Hollywood real estate has a much lower concentration of single family homes than condos and apartments and sales were down slightly in that market.  But there is also low inventory.  The median price was up slightly over 2011.

Sales of condos was up with the median price down slightly over the previous year.

As with other Los Angeles neighborhoods, inventory is low and buyers are out there looking.

Homes for sale in West Hollywood