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| Homes for Sale | Sep '09 | vs. Prev. Month | vs. Prev. Year |
| # Homes for Sale | 47 |
6%
|
21.7%
|
| For Sale by Owner | 1 | 0% |
-
|
| Median List Price | $849K | 0% |
5.6%
|
| Median List $/SqFt. | $494 |
2.8%
|
14.9%
|
| Homes Sold | Jul '09 | vs. Prev. Month | vs. Prev. Year |
| # Homes Sold | 12 |
9.1%
|
9.1%
|
| Median Sold Price | $805K |
0.3%
|
2.3%
|
| Median Sold $/SqFt. | $548 |
19.3%
|
1.6%
|
| % Sale to List | 91.9% |
4%
|
4.3%
|
How to Use This Data
Learn more about how this listing data and sold data can help you get a better understanding of market trends.
Should I Wait for a Price Reduction?
How should I use this?
Gray bars show homes that went off market with no price reductions.
Blue bars indicate one or more reductions.
Learn more about this data.
| Price Reductions |
House
|
Condo
|
Both
|
| Days on Redfin | 65 | 113 | 71 |
| % Homes with Reductions | 46.7% | 54.5% | 48.8% |
| # Of Reductions | 1 | 2 | 1 |
| Total % Reduction | 8.4% | 11.5% | 9.2% |
Based on homes sold or taken off the market between
Jul 28 and Oct 26.
Learn more about this data.
Neighborhoods Near Melrose
| Nearby Neighborhood | Median List $ | $/Sq. Ft. | % Sale to List |
| Melrose | $849K | $514 | 94.8% |
| Cbs Television City | $1,086K | $559 | - |
| Mid City West | $899K | $531 | 94.1% |
| Beverly Center | $899K | $538 | - |
| Tri-West | $560K | $484 | - |
| West Hollywood North | $460K | $499 | - |
| West Hollywood West | $1,250K | $777 | - |
| Hollywood | $595K | $463 | - |
| Greater Wilshire / Hancock Park | $889K | $434 | 97.2% |
| Mid-Wilshire | $599K | $370 | 98.2% |
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