Business & Tech
West Hollywood Real Estate Report for July
Turnover is down more than 30 percent for single family homes compared with June. Condos fare better.
July was a quiet month for West Hollywood real estate, with turnover down more than 30 percent for single family homes from the month before. Only five homes closed escrow, totaling a mere $4,190,000, compared with $5,600,000 in June.
The highest-priced house sale was $1,160,000, and the lowest sale recorded was $580,000.
The month before had a record high sale of $1,360,000 and a low of $723,000.
West Hollywood condos fared better, with turnover exceeding $14 million, with 28 units sold; however, this was below the previous month's condo sales, which totaled almost $19 million in 32 sales.
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The highest-priced condo sale was $1,226,000, compared with $1,500,000 in June. The lowest-price condo sale was $232,000, versus $250,000 a month earlier.
Home sales in the Hollywood Hills/Sunset Strip area totaled $23.5 million, with 21 houses changing hands. The average house sale was $1,120,000, with a recorded monthly high price of $2,775,000, down from the previous month's highest-price sale of $4,775,000.