According to WEHO ONLINE: The real estate bubble of West Hollywood’s home prices appears to have popped. According to Redfin prices of homes in the City of West Hollywood have slid 16.7% from last year. West Hollywood’s homes and condos are sitting on the market an average 113 days prior to being sold.
According to the story by WEHO ONLINE while the prices of WeHo’s real estate has declined over the past two years Beverly Hills and Santa Monica have seen price gains. The median West Hollywood home price as of July 2025 was 1.2 million.
West Hollywood has seen an large turnover of residents. In 2020 there were estimated 35,646 residents in WeHo, In 2025 it is estimated 33,484 residents. There has been a 6% decline in over West Hollywood residents over the past 5 years. When the City of West Hollywood was incorporated in 1984 it was estimated we had just shy of 35,000 residents. Forty years into city hood and WeHo has had a negative population growth rate.
Anthony Vulin, owner of ‘the Collective Realty’ and former President of the Greater Los Angeles Realtors Association added: “The condo market in West Hollywood has been struggling a bit the last two years. Prices have come down a bit in most buildings. Many HOA’s (homeowner association) are finally dealing with the balcony repair law SB326 which seems to be very costly for HOA’s, plus deferred maintenance from the COVID years all causing HOA fees to rise and special assessments to be charged. When HOA fees go up a substantial amount if affects condo values.”
One Kings Road HOA President Scott Ables noticed that his homeowner association was being billed for 4 trash pick ups a week by Athens Services. WEHOonline broke the story and Ables was able to recover almost $6,000 to offset his claims. We wrote about it here: https://wehoonline.com/weho-homeowners-association-recovers-almost-6000-accusing-athens-services-overcharges/
According to WEHOONLINE the story by Larry Block:
The price declines of West Hollywood homes and condos is greater than any of our neighboring cities. According to Redfin data of median home prices over the past year West Hollywood -16.7%, Hollywood -11.4%, Beverlywood has seen a one year appreciation of 16.9%, Culver City +9.2%, Sherman Oaks +0.5%, the two year trend shows price increases in Santa Monica of 18.9%, and Beverly Hills has shows a two-year appreciation of 77% in their median home price to 3.7 million dollars touching a 5-year high.
According to WEHOONLINE:
The price declines of West Hollywood homes and condos is greater than any of our neighboring cities. According to Redfin data of median home prices over the past year West Hollywood -16.7%, Hollywood -11.4%, Beverlywood has seen a one year appreciation of 16.9%, Culver City +9.2%, Sherman Oaks +0.5%, the two year trend shows price increases in Santa Monica of 18.9%, and Beverly Hills has shows a two-year appreciation of 77% in their median home price to 3.7 million dollars touching a 5-year high.