In West Hollywood, CA home sales dropped nationally from November to December as listings became even more scarce. More homes are coming on the market in January, but competition among buyers will get even more fierce. Market research shows home sales dipped by a seasonally adjusted 3.6 percent seasonally-adjusted from November to December; it was the largest month-over-month sales decline since May 2020.
More buyers and sellers are entering the market in February, but demand from buyers will outpace supply from sellers.
The median sale price for residential properties nationally was $382,900 in December, which was 15.2 percent higher than December 2020. Nearly 43 percent of homes sold above list price.
To be more specific, the median sale price for a single-family home in the 90069 ZIP code was about $3.4 million from the beginning of October through the end of December, according to government data Pre-Certified Local Housing Data. That was 12 percent higher than the median price over the same period the previous year.
From 57 home sales during the same period, 25 percent sold above list price. There were more than 40 new listings during this time.
For new listings, best homes, prices and conditions go to West LA Realtor Group's search section where you can get estimations for buying or selling housing property. We will be glad to walk you through buying or selling process especially if you it is your first steps moving. To get started: Westlarealestategroup.com Search Results
This post was automatically generated using preliminary data from SCAG. Data is subject to revisions.