Westwood Homes for Sale 1st Qtr 2014 Market Report

Westwood Los Angeles Community, Westwood Los Angeles Real Estate

Let's see how the Westwood real estate market is doing so far this year compared to the same period in 2013.   Sold +/- Median % +/- Active Median Pending 16 +6 $2,185,000 +29.10 17 $2,795,000 10 Westwood condo sales Sold +/- Median % +/- Active Median Pending 48 -7 $685,000 +24.55 107 $1,050,000 39   Sellers Market Balanced Market Buyers' Market Less than 5 months 5 to 7 months More than 7 … [Read more...]

Westwood Homes for Sale 2013 in Review

Westwood real estate market report for May 2013

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 2013. Westwood single family home sales Sold +/- 2012 Range Median +/- 2012 Active Median Pending 74 -28 $994,000 to $15,950,000 $1,753,250 +10.97% 11 $12,495,000 8   Westwood condo sales These statistics … [Read more...]

Westwood Real Estate Market 3rd Qtr 2013 in Review

Westwood real estate market report for May 2013

How is the Westwood real estate market doing?  Let's see how sales for the 3rd Qtr of 2013 compare to the previous Qtr.  How is the inventory? The Westwood condo market does not include the Wilshire Corridor which is covered separately.  The majority of Westwood condos for sale are in that market. Westwood single family home sales Sold +/- Median +/- Active Median Pending 16  -8 $1,858,000 -8.1% 18 $2,435,000 13 Westwood condo … [Read more...]

Westwood Real Estate Market Report, May 2013

Westwood real estate market report for May 2013

Interest rates are still low and Los Angeles home buyers are scrambling to find homes.  It is such an excellent time be selling real estate.  Homes are going into multiple offers and over asking.  Interest rates are low and buyers are bullish.  Waiting until prices rise more could diminish the affordability factor for these buyers, especially if interests rise too.   Let's see if Westwood real estate inventory is increasing.  How are sales? May 2013 Sold +/- March Median +/- … [Read more...]

Westwood Real Estate, First Quarter 2013 in Review

Westwood real estate the year in review

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...]

Westwood Homes for Sale. Let’s Look at the Trend

Westwood real estate performance over the past year

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...]

Westwood Real Estate, The Year in Review

Westwood real estate the year in review

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...]

Westwood Real Estate Market Report November 2012

Westwood Real Estate Market Report November 2012

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...]

Westwood Real Estate Market Report October 2012

Westwood real estate the year in review

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...]

Westwood Real Estate Half Yearly Market Report, June 2012

Westwood Real Estate Monthly Report Augusut 2012

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 period in … [Read more...]

Westwood Real Estate Market Report | 1st Quarter 2012

Westwood Real Estate Market

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 3 … [Read more...]

Median Home Prices in Westwood Over the Past 10 Years

Check out the median home prices in Westwood over the past 10 years

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...]

Westwood Housing Market Overview | January 2012

New homes on the market in WLA

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...]

Westwood Housing Market Report 2011

Westwood real estate the year in review

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 inventory is a … [Read more...]

Buying or Selling Westwood Los Angeles Real Estate – Check Out the Market

Westwood Los Angeles Real Estate Market, How is the Westwood Los Angeles Real Estate Market Doing?

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 drop … [Read more...]

Westwood Community Overview

Westwood Community Characteristics

Westwood Crime Statistics … [Read more...]

Westwood CA Real Estate Market Trend – May 2010

Westwood Real Estate Market

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 in 5 … [Read more...]