June 2024 West Hollywood Condo Market Report: A Buyer's Market?

While market activity remained high, the most significant change was the rise in inventory, with over 150 condos now available for sale. In the past 30 days, 30 condos were sold, maintaining an average of 38 days on the market, consistent with the previous month.
However, sellers accepted an average of 97% of their list price, indicating buyers were negotiating about 3% below the list price. This trend aligns with the normal list price to sales price ratio over the past 6 to 9 months, suggesting a shift towards a buyer's market. Sellers are finding the need to negotiate or reduce prices to get their condos under contract.
Whether it’s maximizing the profit on the sale of your home, negotiating a winning offer on a new house, or making your investment portfolio grow, our team has the proven skills of success in every area of the industry.
Simplifying the process, valuing your time, and building the trust associated with covering every angle of a large investment is our focus.
Ian & Kimberly Rhodes
We're Here for You.
Visit our office at:
1660 Hillhurst Ave, Los Angeles, CA 90027,
or
Get in Touch Today!
website: rhodesleadhome.com
phone: [phone]
email: [e-mail]
Keller Williams Realty
CalDRE #01844869, 01936503