It's time to get excited about the Weho real estate market. Since this is my first foray into the world of Patch, let's have a quick last couple months' market recap. In June, 39 West Hollywood houses closed. There were 41 closings in May. On the condo front, June saw 44 closings, and May had 45. So not much of an early summer jump.
We'll see what happens in the first half of July. Any guesses before I update you next week? If you guess the correct number of closings, I'll owe you Coffee Bean. Real estate agents, fortune tellers, and Jedi knights excluded.
According to the LA Times, the first quarter of 2012 was -22.22% under the first quarter of 2011. To put that in perspective, Beverly Center/Miracle Mile had a 45.83% increase, Beverly Hills is -18.18%, Beverly Hills Post Office is up 28%, Hollywood is -8.33%, and Beverlywood is up a whopping 158.82%.
So quite a lot of hot and cold action from neighborhood to neighborhood. Our market is bipolar. If you want more specific statistics (say that 11 times fast), i.e. price points, specific addresses and your home's value, I take requests.
Leave your guess for the first half of July closings in the comment section or you can email me at summerbrighton@gmail.com if you don't want to reveal your calculations. Then I'll see you at Coffee Bean. Be there or be trapezoid.
