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West Hollywood Homes for Sale 1st Qtr 2014 Market Report

Posted by janepeters on April 23, 2014
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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 2014 compares the same period in 2013.

West Hollywood homes for sale 2nd Qtr 2013 in review

(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 = $1,077,884 -17.09 24 $1,349,500 18

West Hollywood condo sales

Sold +/- Median % +/- Active Median Pending
87 -2 $600,000 21.21 86 $667,000 50

 

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 remained the same for single as in 2013 but the median price was down, probably due to the types of homes which sold and not a reflection of the market.

Condo sales were down slightly, but the median prices was up.

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

Homes for sale in West Hollywood

[idx-listings linkid=”168513″ count=”15″ showlargerphotos=”true”]
 

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