Located between Beverly Hills and the main area of Hollywood, West Hollywood is close to the bustle of shops along the famous Melrose Ave and home to some of the finest restaurants in the city, says Realtor Laura Zajdman.

"West Hollywood homes," says Zajdman, "boast the fact that art galleries and a wide array of entertainment are a stone's throw away from the neighborhood. Since its incorporation in 1984, West Hollywood has had a rich history of community diversity and activism. It is nationally known for being among the first to pass legislation on smoking, handguns, and other noteworthy issues.

The median price of existing homes in California in September increased 17.3 percent and sales rose 3.9 percent compared to the same period a year ago, says Zajdman.

West Hollywood Vicinity Condo/Co-Op Sales
November 2002
Average Price: $406,648
Median Price: $367,000
Average Days on Market: 30
Number of Houses Sold: 37

October 2002
Average Price: $356,841
Median Price: $307,000
Average Days on Market: 47
Number of Houses Sold: 41

September 2002
Average Price: $299,799
Median Price: $287,370
Average Days on Market: 28
Number of Houses Sold: 41

August 2002
Average Price: $316,283
Median Price: $297,000
Average Days on Market: 25
Number of Houses Sold: 42

July 2002
Average Price: $302,500
Median Price: $295,000
Average Days on Market: 32
Number of Houses Sold: 41

June 2002
Average Price: $334,905
Median Price: $293,000
Average Days on Market: 27
Number of Houses Sold: 58

May 2002
Average Price: $314,593
Median Price: $290,000
Average Days on Market: 30
Number of Houses Sold: 65

West Hollywood Vicinity Home Sales
November 2002
Average Price: $676,500
Median Price: $500,000
Average Days on Market: 32
Number of Houses Sold: 8

October 2002
Average Price: $615,777
Median Price: $595,000
Average Days on Market: 42
Number of Houses Sold: 9

September 2002
Average Price: $586,384
Median Price: $595,000
Average Days on Market: 32
Number of Houses Sold: 13

August 2002
Average Price: $608,257
Median Price: $575,000
Average Days on Market: 30
Number of Houses Sold: 14

July 2002
Average Price: $783,812
Median Price: $640,000
Average Days on Market: 38
Number of Houses Sold: 8

June 2002
Average Price: $597,562
Median Price: $595,000
Average Days on Market: 31
Number of Houses Sold: 16

May 2002
Average Price: $599,770
Median Price: $599,000
Average Days on Market: 50
Number of Houses Sold: 17

"The National Association of Realtors forecasts existing-home sales to rise 3.2 percent for all of 2002 to a record of 5.47 million units, followed by a historically strong 5.28 million sales in 2003. To a great extent, lower interest rates are offsetting the effects of uncertainty over the economy and international events," says Zajdman.

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Published: December 4, 2002

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