Westwood Homes for Sale 2013 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 2013.

Westwood real estate market report for May 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 include Wilshire Corridor condos which are also covered in a separate report.

Sold +/- 2012 Range Median +/- 2012 Active Median Pending
290 +4 $235,000 to $11,000,000 $650,000 +20.48% 98 $994,000 29

 

Sellers Market Balanced Market Buyers’ Market
Less than 5 months 5 to 7 months More than 7 months

 

Information provided by MLS/CLAW deemed accurate but not guaranteed

Westwood single family homes sales are way down over 2012, certainly due to the extreme shortage of inventory.  Naturally, the median price is is up.

The Westwood condo market shows a slight gain in sales with a healthy increase in the median price. Inventory is also low and definitely favors sellers.

Prospective Westwood home sellers should definitely take note.

Other Westwood Market Reports

See all Westwood Homes for Sale.
(all data current as of 7/31/2014)

  1. 6 beds, 4 full, 3 part baths
    Home size: 4,648 sq ft
    Lot size: 16,665 sqft
    Year built: 1929
    Parking spots: 6
    Days on market: 7
  2. 5 beds, 4 full, 1 part baths
    Home size: 4,300 sq ft
    Lot size: 10,018 sqft
    Year built: 1951
    Parking spots: 2
    Days on market: 7
  3. 3 beds, 1 full, 1 part baths
    Home size: 1,570 sq ft
    Lot size: 6,509 sqft
    Year built: 1928
    Parking spots: 2
    Days on market: 7
  4. 5 beds, 5 full, 1 part baths
    Home size: 4,107 sq ft
    Lot size: 8,217 sqft
    Year built: 1935
    Days on market: 8
  5. 3 beds, 3 full, 1 part baths
    Home size: 3,311 sq ft
    Lot size: 7,096 sqft
    Year built: 2002
    Parking spots: 2
    Days on market: 13
  6. 3 beds, 3 full, 2 part baths
    Home size: 3,168 sq ft
    Lot size: 15,223 sqft
    Year built: 1940
    Days on market: 17
  7. 5 beds, 5 full, 1 part baths
    Home size: 4,125 sq ft
    Lot size: 11,368 sqft
    Year built: 1932
    Days on market: 21
  8. 3 beds, 1 full, 1 part baths
    Home size: 2,158 sq ft
    Lot size: 9,450 sqft
    Year built: 1938
    Parking spots: 2
    Days on market: 21
  9. 5 beds, 2 full, 3 part baths
    Home size: 4,050 sq ft
    Lot size: 6,888 sqft
    Year built: 1951
    Days on market: 24
  10. 3 beds, 2 full, 1 part baths
    Home size: 2,050 sq ft
    Lot size: 6,384 sqft
    Year built: 1953
    Parking spots: 2
    Days on market: 24
  11. 4 beds, 3 full, 1 part baths
    Home size: 3,156 sq ft
    Lot size: 7,525 sqft
    Year built: 1938
    Days on market: 24
  12. 4 beds, 2 full, 3 part baths
    Home size: 3,452 sq ft
    Lot size: 12,171 sqft
    Year built: 1938
    Days on market: 29
  13. 4 beds, 3 full, 1 part baths
    Home size: 2,994 sq ft
    Year built: 1937
    Parking spots: 2
    Days on market: 49
  14. 4 beds, 3 full, 3 part baths
    Home size: 4,147 sq ft
    Lot size: 15,093 sqft
    Year built: 1938
    Parking spots: 4
    Days on market: 51
  15. 4 beds, 3 full baths
    Home size: 3,200 sq ft
    Lot size: 6,964 sqft
    Year built: 1929
    Parking spots: 2
    Days on market: 56

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Homes for sale in Westwood

 

 

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Jane Peters

Jane Peters is a Los Angeles Realtor®, specializing in absentee owners, out-of-town-buyers and those needing that extra personal touch to make the buying and selling of Los Angeles real estate a smooth and, believe it or not, fun process.

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Date last updated: 7/31/14 1:08 AM PDT

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