A Housing Snapshot of ZIP Code 90046

With the summer buying season coming, it’s a good time to take the pulse of Hollywood Hills ZIP code 90046 in terms of condo and home listings and sales.  That way, we can come back in August and September and see how this market has fared.

As you’ll see, inventories are large, especially for condos.  There are four times as many single-family homes on the market than sales in the last three months.  But there are nearly nine times as many condos as sales.  This is a pattern we are seeing in other nearby markets, such as Beverly Hills and Westwood.

Another pattern:  a disconnect between listing and sales prices.  As you can see, there’s a $400,000 difference between listing prices and sold prices on single-family homes and a $234,000 gulf on condos. People are looking for bargains, and properties that are priced lower are moving faster.

90046:  Western Hollywood Hills/Sunset Strip

Single-Family Homes900461.gif
For sale: 196
Average listing price: $1,397,500
Average days on market: 93

Sold in last three months: 50
Average sold price: $1,000,000

For sale: 136
Average listing price: $734,000
Average days on market: 81

Sold in last three months: 16
Average sold price: $500,000

  • anon

    Is this post about 90046 or 90048? The headline and map say 46, but the references in the text are to 48.

  • http://losangeles.redfin.com/blog/author/cindy.allen Cindy Allen

    46; sorry. I always get those confused because 90048 is the post office down the street. Thanks for pointing it out, anon!