L.A. New Construction Is Selling Out Fast As The Buyer Pool Trends Younger

Must read

Pending Home Sales Improve In January As More Buyers Return

More demand from buyers and less supply from homeowners is holding prices steady. getty The housing market is showing early signs of recovery with...

Biden-⁠Harris Administration Announces New Actions To Protect Renters And Promote Rental Affordability

The Federal Trade Commission has issued a request for information exploring unfair practices in the ... rental market. getty The Biden-Harris administration announced...

A 5-Minute Fix for People Who Sit All Day

A growing body of research tells us that sitting for too long is bad for our health. It has been linked to obesity,...

8 Topics to Tackle If You Want to Survive Retirement With Your Spouse

wavebreakmedia / Shutterstock.com This story originally appeared on NewRetirement. Before you got married, you probably discussed where you wanted to live, whether or...

When it comes to new construction in West Hollywood, quality residences hardly spend any time on … [+] market before being scooped up by cash-flush buyers.

Hilton & Hyland

Fueled by recent statewide housing legislation and the continued housing shortage, the city of Los Angeles is seeing a sharp increase in new construction.

In areas like West Hollywood, where the landscape is dominated by single-family homes, new housing options like multi-unit complexes and townhomes are now hitting the market—and they’re selling fast and with price tags reaching record highs.

The 2,445-square-foot residence was the final unit at The Huntley to find a buyer. It sold in late … [+] November following a bidding war for $2.675 million.

Hilton & Hyland

To get a better understanding of why consumers are willing to pay upwards of $4 million for these new construction homes in West Hollywood, I spoke with luxury property expert Christina Collins of Beverly Hills-based brokerage Hilton & Hyland, who recently sold out two such multi-unit properties.

SE: Could you tell me a little about your recent sales in West Hollywood?

CC: So the properties were two new construction units on Huntley Drive in what’s known as West West Hollywood. We did a three-unit building at 634 Huntley, and then a five-unit complex at 812 Huntley. They sold for great numbers across the board and all relatively quickly—the units at 634 were all under contract within a week.

The newly built Huntley residence in West Hollywood is located on one of the best streets in West … [+] Hollywood’s desirable Melrose District.

Hilton & Hyland

SE: Why do you think these properties sold so successfully?

CC: I think there is such a high demand in West West Hollywood, people really want to be in this pocket of town, and the inventory is extremely low. When something opens up on the market, it goes fast and for a good price.

A rooftop patio with a hot tub is a prime example of how new developments are accommodating the … [+] wants and needs of today’s average luxury home-buyer.

Hilton & Hyland

SE: What do you think it is about these new constructions that buyers find attractive?

CC: We also had a more youthful crowd show up for these two properties, and I think for younger buyers, location is everything. They wanted to be in this specific area of West Hollywood—they wanted the walkability, they wanted to closeness to Melrose Place, they wanted to be near all the high-end restaurants and retail. But they also didn’t want to have the headache of renovation or maintenance.

When it comes to luxury real estate in Los Angeles, the buyer pool is shifting towards a younger … [+] demographic, and developers are taking notice.

Hilton & Hyland

When you buy something where everything top to bottom is brand new, you know what they’re getting. You’re not going to have to deal with the problems that come with buying something older.


Hilton & Hyland is an exclusive member of Forbes Global Properties, a consumer marketplace and membership network of elite brokerages selling the world’s most luxurious homes.

More articles

Latest article

Pending Home Sales Improve In January As More Buyers Return

More demand from buyers and less supply from homeowners is holding prices steady. getty The housing market is showing early signs of recovery with...

Biden-⁠Harris Administration Announces New Actions To Protect Renters And Promote Rental Affordability

The Federal Trade Commission has issued a request for information exploring unfair practices in the ... rental market. getty The Biden-Harris administration announced...

A 5-Minute Fix for People Who Sit All Day

A growing body of research tells us that sitting for too long is bad for our health. It has been linked to obesity,...

8 Topics to Tackle If You Want to Survive Retirement With Your Spouse

wavebreakmedia / Shutterstock.com This story originally appeared on NewRetirement. Before you got married, you probably discussed where you wanted to live, whether or...

How to Overcome the 8 Biggest Challenges of Remote Work

Arts Illustrated Studios / Shutterstock.com Editor's Note: This story originally appeared on FlexJobs.com.Are you ready to dip your toes into the world of...