West Hollywood is in the process of extensive renovation, and the condo market have been quite active during the last few months, there is 177 condos on the market presently.
The City of West Hollywood provides on its website listings of available retail and office space as a service to interested parties.
The Pacific Design Center is the West Coast's leading resource for residential and contract furnishings. The PDC consists of three building structures (Red, Green and Blue Buildings). Within 1.2 million square feet, over 120 showrooms display and sell over 2,000 interior product lines to professional interior designers, architects, facility managers, decorators and dealers.
The newly constructed award winning RED building will be ready for occupancy in the Fall of 2011. It will host luxurious office spaces with VIP amenities, including valet motor court, private elevators and concierge services.
The present mortgage rates (US weekly averages) as of July 20, 2011 per Realty Times is:
30 Year Fixed: 4.51% 15 Year Fixed: 3.65% 1 Year Adj: 2.95%
These days banks are looking for Buyers with great credit scores (a FICA score of at least 720) to get a good deal, and with a 20% downpayment if their income warrants it. It is advisable to keep credit card balances below 35% of their credit line for getting a top FICA score.
Current Listings in West Hollywood Vicinity: Homes: 51 ranging from $587,575 to $3,295,000 Condos: 177 ranging from $115,000 to $1390,000
June 2011 Sales in West Hollywood Vicinity: Homes: 9 ranging from $626,000 to $2,060,000 Condos: 35 ranging from $187,000 to $1,100,000
Homes were on the market for an average of 63 days (average Sales Price/Average List Price: 95.5%). Condos were on the market for an average of 77 days (average Sales Price/Average List Price: 95.1%)
All statistical information is based on data supplied by the Combined Los Angeles Westside Multiple Listing Service. Data accuracy cannot be guaranteed and may not reflect all real estate activity in the market. Source of Information: Combined Los Angeles Westside MLS. Information deemed reliable but not guaranteed.
ZIP Codes: 90038, 90046, 90048, 90069 Approximate Location Boundaries: The residential and business district of the City of West Hollywood is bordering Beverly Hills to the immediate west, Beverly Center-Miracle Mile to the immediate south, and Hollywood to the immediate east, with the fashionable Sunset Strip to the north. It is the home of the Pacific Design Center.
Location Characteristics: Lots of things are happening in the City of West Hollywood and in its nearby vicinity Hollywood, an area which showcases a variety of film treasures that made it famous -- the Mann's Chinese Theater and the Walk of Fame visited daily by hundred of tourists. Other architectural landmarks include the El Capitan Theatre, Hollywood Roosevent Hotel, the Capitol Records building. It is also the new home of the Oscars at The Kodak Theatre.
A stone's throw north on Highland Avenue is the beloved Hollywood Bowl which has given birth to some of the city's most memorable musical moments from the likes of Stravinsky, Sinatra, and The Beatles. And, of course, let's not forget the several rock-n-roll joints in the area, including the renown House of Blues.
About Birthe Dooman:
I was born and raised in Denmark and located to California in 1966. For 20 years I worked as a legal assistant with two major Los Angeles oil companies during which time I developed a wide range of professional skills which I have applied to my career in real estate.
I'm an independent Broker-RealtorŪ well prepared to meet the demands of today's complex real estate market. I have obtained the Certificate in Real Estate with Specialization in Marketing as well as the Professional Designation in Investment Real Estate from UCLA. I am certified by the National Association of Realtors as an e-PRO Professional. Additionally, I have traveled abroad extensively and relate well to many different cultures.
My Monthy Newsletter and Daily News on my website www.dooman.com may also be of interest to you. Additionally, my website contains a "Home Search" link to searching for properties on the Multiple Listing Service (MLS). Please click on "Request More Info" if I can be of any assistance to you in setting up appointments to see properties, getting more information on specific properties, etc. I can also be reached via E-mail at bibidooman@gmail.com or via phone (323) 228-6735 and I look forward to serving all your future real estate needs.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
