West Hollywood 2016 Real Estate Market Report

How did the West Hollywood 2016 real estate market fare? Let’s take a look.

Single Family

Sold: 135 – 1 more than 2015.
Median Price: $1,585,000 – 8.93% more than 2015
Average Days on Market: 52 – 2 less than previous year.
Sold vs List Price:  Under 30 days 101.82%. Over 120 days 95.40%

Condos

Sold 389– 43 less than previous year.
Median Price: $690,500 – 9.17% over previous year.
Average Days on Market: 53 – 6 less than previous year.
Sold vs List Price: Under 30 days 100.81%. Over 120 days 96.56%

The Information provided by the MLS/CLAW deemed reliable but not guaranteed

Sales remained the same for single family homes but dropped quite a bit for condos, and the median price continues to increase in both categories.

As with much of the Los Angeles areas, inventory remains low making West Hollywood very much a sellers’ market.

Homes for sale in West Hollywood

 

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