West Athens Real Estate Market Sees Sales Down

Home sales in the West Athens market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 25.0% to three homes sold over the last 30 days. Meanwhile, close-by Los Angeles reported 2,302 homes sales, the highest number from all the surrounding cities. Months of inventory rose to three this period, its highest point since July. In spite of the decrease in sales, the lack of inventory signals that West Athens is still a seller's market.

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Demographic facts about West Athens:

  • This area has a median house value of $234,400.
  • The area gets an average of 34 rainy days each year. (U.S. average: 100)
  • The unemployment rate for this area is 11.5%.
  • The student-to-teacher ratio is 22.6:1. (15.3:1 = national average)

Data reported through 10/12/2016

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The Real Estate Group
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