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Westwood real estate is still suffering from low inventory, especially in the single family market. Let's see how sales for the First Quarter of 2013 compare to the last Quarter of 2012. Early 2013 was supposed to be on fire..... Westwood single family home sales Sold +/- Median +/- Active Median Pending 10 -27 $1,692,500 +2.89% 7 $2,875,000 16 Westwood condo … [Read more...]
It will be interesting to see what the trend for Westwood homes for sale was over the past year and compare with the previous year. SINGLE FAMILY HOMES The median sold price is up 64% in January 2013 over the previous January and the median for sale price is up 22% Only 2 homes sold in January a drop of 78%, and the number of homes under contract dropped 25%. Westwood homes for sale per month has been dropping steadily to 54% less than January 2012. And the number of new homes … [Read more...]
Like most areas of Los Angeles, the Westwood neighborhood is suffering from low inventory, especially in the single family market. Home to UCLA, it is a desirable place to live so it will be interesting to see how Westwood real estate fared in 2012. Westwood single family home sales Sold +/- 2011 Range Median +/- 2011 Active Range Median Pending 105 +39 $855,000 to $13,750,000 $1,580,000 -4.53% 8 $1,039,000 to … [Read more...]
The Westwood neighborhood of Los Angeles is covered by the 90024 zip code and is the home of U.C.L.A. and the upscale Wilshire Corridor, the latter making up the majority of the condo statistics below. There is a heavy concentration of apartments, condos, and commercial properties in Westwood, mostly south of Wilshire Blvd., with the exception of Westwood Village. North of Wilshire is mostly more expensive single family housing. Let's check out the market for the month of … [Read more...]
The Westwood neighborhood of Los Angeles is covered by the 90024 zip code and is the home of U.C.L.A. and the upscale Wilshire Corridor, the latter making up the majority of the condo statistics below. There is a heavy concentration of apartments, condos, and commercial properties in Westwood, mostly south of Wilshire Blvd., with the exception of Westwood Village. North of Wilshire is mostly more expensive single family housing. Let's check out the market for the month of … [Read more...]
Let's check in on the Westwood real estate market and see how it has performed through the third quarter of 2012. Since it is difficult to separate out the Wilshire Corridor condo market, which has its own reports, this report will cover single family homes. Information takend from MLS/CLAW deemed reliable but not guaranteed. Sold: 67, 20 more than in the same period last year. Median Price: $1,450,000 a 14.20% drop over the same period last year Under Contract: 19 There are … [Read more...]
Let's look at Westwood real estate performance over the past year, from August 2011 to August 2012. Single Family Homes Year over year the median sold price is up 25% The numer of sold properties is up 25% The number of new properties on the market is down 22% The average months supply of inventory is down 50% to 4 months supply, indicating a sellers' market. Condos Year over year the median sold price is up 11% The numer of sold properties is up 67% The number of new … [Read more...]
Westwood real estate, like any other market has very low inventory. Part of this problem could be that Westwood home sellers are waiting for prices to rise. So let's compare the median price of August 2012 home sales over August 2011 homes sales. Single family homes: August 2011 August 2012 % diff $1,545,000 $1,691,000 9.45 Condos August 2011 August 2012 % diff $565,000 $726,000 28.50 Westwood real estate is definitely headed in the … [Read more...]
Let's see how the Westwood single family real estate market fared over the first half of 2012. The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed. Since it is difficult to separate out Wilshire Corridor condos and they form approximately half of the activity in Westwood, condos are omitted from this report. Number Sold: 43. This is a 30% increase over the same period in 2011 Median Price: $1,450000. This is a $14.7% decrease from the same … [Read more...]
How is the Westwood real estate market doing this year? Let's check out the 1st Quarter of 2012 compared with the same period last year. The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed. Westwood Single Family Homes Number Sold: 34 a 100% increase over the same period in 2011. Median Price: $1,358,000, a 20.58% decrease over the same period in 2011. There are 24 active listings and with an average sale of 11.33 homes per month over the past … [Read more...]
Let's check out the median home prices in Westwood over the past 10 years. Like many other areas of Los Angeles, the Westwood single family home market was not hit as hard as other parts of the country. Data provided by MLS/CLAW is deemed reliable but not guaranteed Outside of Candy Spelling's home which sold for $85 Million recently, over the past 6 years, the lowest price home sold was $875,000 and the highest $21.5 Million. The height of the single family real estate market in terms … [Read more...]
How is the Westwood real estate market starting out this year? The January 2012 report is broken down into price ranges and includes the Wilshire Corridor which also has its own report. Westwood single family homes under $2 Million Sold: 6 / +3 over same period last year Median Price: $1,278,500 / -25.23% over same period last year Active: 14 Absorption Rate*: 3.5 months Westwood single family homes $2 to $5 Million Sold: 3 / +2 over same period last year Median Price: … [Read more...]
When buying or selling property in Westwood you may want to check out how the market did in 2011. Single family homes in Westwood have been split into price range. The Westwood condo market will include Wilshire Corridor condos, already the subject of a previous market report. What is Market Absorption? Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market. 6 months worth of … [Read more...]
So you are thinking of buying or selling a Westwood Los Angeles home! How is the market doing? There is no right or wrong time for selling your Los Angeles home. When you want or need to is the right time. Are you waiting out the market before buying a Los Angeles home? If you are in a position to buy now, have the funds, are pre-approved for a loan, then don't wait. Prices in the better parts of Los Angeles did not drop as much as the more depressed areas and they are unlikely to … [Read more...]
The Westwood CA real estate housing market reports below show the market absorption trend for single family homes in the 90024 and 90025 areas. What is an absorption rate? This shows the rate at which inventory is being sold and is calculated by the number of homes on the market divided by the number sold in a month. This helps in determining the pricing of homes being put on the market and what kind of market it is. If you have a 10 month selling cycle and want to sell … [Read more...]
