WEST HOLLYWOOD
CONDOMINIUM SALES APRIL MARKET OVERVIEW
In West Hollywood Vicinity there were 36 condominium sales in April 2014, up from 30 in April 2013 and a 5% decrease from the 38 sales closed last month. The average list price for condo sales in April 2014 was $690,121 compared to $566,263 for April 2013, representing a 22% increase. For the three-month period from February to April 2014, the average list price was 17% higher than the same period of the prior year. Average sales price for April 2014 was $677,621, compared to that of February through April 2014, which was $643,824. Comparing April 2014 to March 2014, West Hollywood Vicinity saw a 2% increase in average sale price, and a 18% increase compared to same month of the prior year.
CONDOMINIUMS (CONDOS) FEB - APR 2014
ALL
< $1M
$1M - $3M
> $3M
$652,023
$598,621
$1,209,778
$-
$556.62
$532.37
$718.25
$-
$643,824
$591,874
$1,186,417
$-
$549.98
$526.81
$704.38
$-
103
94
9
-
TOTAL CONDOS FOR SALE AT END OF PERIOD
-
-
-
-
AVERAGE MONTHLY SUPPLY OF INVENTORY
-
-
-
-
99%
99%
98%
0%
ALL
< $1M
$1M - $3M
> $3M
$556,628
$549,245
$1,199,000
$-
$457.01
$455.18
$543.03
$-
AVERAGE SOLD PRICE
$556,414
$549,017
$1,200,000
$-
AVERAGE SOLD PRICE PER SQUARE FOOT
$456.60
$454.75
$543.48
$-
88
87
1
-
AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQUARE FOOT TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS FEB - APR 2013 AVERAGE LIST PRICE AVERAGE LIST PRICE PER SQUARE FOOT
TOTAL CONDOS SOLD TOTAL CONDOS FOR SALE AT END OF PERIOD
59
48
11
AVERAGE MONTHLY SUPPLY OF INVENTORY
2.0
1.7
33.0
-
100%
100%
100%
0%
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO
CONDOS ALL
< $1M
$1M - $3M
> $3M
AVERAGE LIST PRICE
APR/APR COMPARISON
17%
9%
1%
0%
AVERAGE LIST PRICE PER SQUARE FOOT
22%
17%
32%
0%
AVERAGE SOLD PRICE
16%
8%
-1%
0%
AVERAGE SOLD PRICE PER SQUARE FOOT
20%
16%
30%
0%
17%
8%
800%
0%
TOTAL CONDOS FOR SALE AT END OF PERIOD
-100%
-100%
-100%
0%
AVERAGE MONTHLY SUPPLY OF INVENTORY
-100%
-100%
-100%
0%
-1%
-1%
-2%
0%
TOTAL CONDOS SOLD
AVERAGE SOLD PRICE/ORIGINAL LIST PRICE RATIO (Source: MLS/CLAW)
61