West Hollywood Real Estate 1st Quarter 2013 in Review

West Hollywood Market Reports / By /

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 in which to live.

Let’s see how the 1st Quarter of 2013 compares to the last one in 2012.

(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
29  +6 $1,300,000 +15.25% 16 $1,234,475 21

West Hollywood condo sales 

Sold +/- Median +/- Active Median Pending
89 +7 $495,000 +12.06% 50 $589,500 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 slightly as was the median price.  Inventory remains low.

Sales of condos were up as was the median price over the same period in 2012.

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

Homes for sale in West Hollywood

Condo Condo
Land Land
Rental Rental
Single Family Single Family