Real Estate Market Update for West Hollywood, CA

Video: Real Estate Community Tour for West Hollywood, CA

See Real estate community tour for West Hollywood, CA
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 33% from one year earlier, and up 9% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just over 680-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 47%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 1.1-million dollars. The number of units sold decreased 33% year-over-year, and decreased 33% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for West Hollywood, CA
Area Information for West Hollywood, CA
  • Population: 34,746
  • Median Age: 39.69 yr
  • Median Commute Time: 24.4 mins
  • Educational Climate*: 5
  • Sales Tax: 9%
  • Population Density: 18,409/sq mi
  • Population Change Since 2000: -2.71%
  • Closest Airport: Bob Hope
  • Closest College: Yeshiva Ohr Elchonon Chabad Seminary
  • Closest Jr. College: American Academy Of Dramatic Arts
  • Median Household Income: $53,125
  • Annual Residential Turnover: 20.72%
  • Median Years in Residence: 2.49 yr
  • Median Home Sales Price: $475,050
  • Closest Major Sports Team: Los Angeles Kings
  • Change Avg. Household Income Since 2000: 36%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for West Hollywood, CA
Median Age: 39.69 Married: 13% Number of Households: 22,731 Households with Children: 1,122
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for West Hollywood, CA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      West Hollywood Children's Academy 0.1 mi Private PRESCHOOL-1 0 4
      Fountain Day, Inc 0.3 mi Private PRESCHOOL-K 0 0
      West Hollywood Opportunity 0.4 mi Public 9-12 0 0
      Ofman Center, The 0.4 mi Private 9-12 0 4
      The Linden Center 0.4 mi Private 4-12 0 0
      Abc Little School 0.4 mi Private PRESCHOOL-1 0 4
      Laurel Elementary 0.5 mi Public PRESCHOOL-8 2-5 4
      Yeshiva Ohr Elchonon Chabad 0.5 mi Private 9-12 0 4
      Westside Community Adult 0.5 mi Public - 0 0
      Fairfax Senior High School 0.5 mi Public 9-12 3 3
      Beverly Hills Montessori School 0.6 mi Private PRESCHOOL-PRESCHOOL 0 0
      Melrose Mathematic Science Technology Megnet 0.6 mi Public K-5 4 4
      Los Angeles Cheder Bais Tzivia 0.7 mi Private PRESCHOOL-8 0 3
      Gardner Street Elementary 0.7 mi Public K-6 4 4
      Just Like Moms Preschool & Kindergarten 0.7 mi Private PRESCHOOL-K 0 0
      Dvorsky College Preparatory School 0.7 mi Private PRESCHOOL-12 0 4
      Temple Israel Of Hollywood Day 0.9 mi Private K-6 0 5
      Bancroft (hubert Howe) Middle School 1.0 mi Public 6-8 2 3
      Hollywood Schoolhouse 1.0 mi Private PRESCHOOL-6 0 4
      Magnolia Science Academy 5 1.0 mi Public 6-12 2-5 3
      Perutz Etz Jacob Hebrew Academy 1.0 mi Private K-8 0 4
      Aviva High School 1.1 mi Private 7-12 0 0
      Rosewood Avenue Elementary 1.3 mi Public K-6 2-5 4
      Center For Early Education 1.3 mi Private PRESCHOOL-6 0 4
      Pacific Hills 1.5 mi Private 6-12 0 4
      Tca Arshag Dickranian Armenian School 1.5 mi Private PRESCHOOL-12 0 4
      Vine Street Elementary 1.6 mi Public K-6 1 4
      Maimonides Academy 1.6 mi Private PRESCHOOL-8 0 4
      Larchmont Charter 1.7 mi Public K-5 4 5
      West Hollywood Elementary 1.9 mi Public K-6 4-5 5
      Montessori Children's World 2.0 mi Private PRESCHOOL-1 0 0
      Hollywood Primary Center 2.0 mi Public PRESCHOOL-3 1 5
      Wonderland Avenue Elementary 2.2 mi Public K-5 5 5
      Santa Monica Boulevard Community Charter 2.2 mi Public K-6 2-5 3
      Carthay Center Elementary 2.3 mi Public PRESCHOOL-5 2 4
      Cheder Menachem 2.4 mi Private K-8 0 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for West Hollywood, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.