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 February's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 7% from one year earlier, and down 6% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 710-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 39%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 410-thousand dollars. The number of units sold decreased 50% year-over-year, and decreased 75% 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 School 0.4 mi Public 9-12 1 0
      Linden School 0.4 mi Private 4-12 0 0
      Ofman Learning Center 0.4 mi Private 9-12 0 4
      Abc Little School 0.4 mi Private PRESCHOOL-1 0 4
      Laurel Elementary School 0.5 mi Public PRESCHOOL-8 2-5 4
      Larchmont Charter School West Hollywood 0.5 mi Public K-11 0 0
      Yeshiva Ohr Elchonon Chabad 0.5 mi Private 9-12 0 4
      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 Elementary School 0.6 mi Public K-5 4 4
      Cheder Of Los Angeles 0.7 mi Private PRESCHOOL-8 0 3
      Gardner Street Elementary School 0.7 mi Public K-6 4 4
      Just Like Moms Preschool & Kindergarten 0.7 mi Private PRESCHOOL-K 0 0
      West Hollywood College Prep School 0.7 mi Private PRESCHOOL-12 0 4
      Temple Israel Of Hollywood Day School 0.9 mi Private K-6 0 4
      Hubert Howe Bancroft 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 School, School For Advanced Studies 1.3 mi Public K-6 2-5 4
      The Center For Early Education 1.3 mi Private PRESCHOOL-6 0 4
      Pacific Hills School 1.5 mi Private 6-12 0 4
      T.c.a. Arshag Dickranian School 1.5 mi Private PRESCHOOL-12 0 4
      Vine Street Elementary School 1.6 mi Public K-6 1 4
      Maimonides Academy 1.6 mi Private PRESCHOOL-8 0 4
      Larchmont Charter School 1.7 mi Public K-5 4 5
      West Hollywood Elementary School 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 School 2.2 mi Public K-5 5 5
      Santa Monica Boulevard Community Charter School 2.2 mi Public K-6 2-5 3
      Carthay Center Elementary 2.3 mi Public PRESCHOOL-6 2 4
      Cheder Menachem School 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.