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: $2,808,000 / $2,900,000 was the one sale over same period last year
Active: 9
Absorption Rate*: 4.15 months
Westwood single family homes over $5 Million
Only one home sold over the past 6 months for $10,175,000.
There are two active listings on the market , one for $14,995,000 and one for $21,000.
Average days on the market for these two homes is 76.
Westwood condos under $1 Million
Sold: 19 / +11 over same period last year
Median Price: $570,000/ +12.32 over same period last year
Active: 84
Absorption Rate*: 4.35 months
Westwood condos $1 to $2 Million
Sold: 1 / = same period last year
Price: $1,850,000 / + 42.31% over same period last year
Active: 25
Absorption Rate*: 10.14 months
Westwood condos $2 to $5 Million
Sold: 0 / = same period last year
Active: 22
Absorption Rate*: 22 months
Westwood condos over $5 Million
Active: 7
Median Price: $5,895,000
Average Days on Market: 209
*Absorption rate is the number of months it will take to sell the existing inventory, here based on the past 6 months sales. 6 months is a balanced market, below six months favors sellers, and above six months favors buyers.
Westwood single family home sales under $5 Million are pretty stable with the market favoring sellers. There is little new, good inventory. The market over $5 Million is limited.
Westwood condo sales under $1 Million is a sellers’ market. The median price is up over the same period last year. Over $1 Million Westwood home buyers should be out in force. This does include Wilshire Corridor condos, where the market is pretty sluggish.
- MLS® #: 23-340673
- 24844 Malibu Rd
- Malibu CA
- $39,000,000
- 4 Bed | 5 Bath | 4,021 SqFt
- 0.13 Acres
- MLS® #: 23-326547
- 615 N Faring Rd
- Los Angeles CA
- $38,995,000
- 6 Bed | 12 Bath | 17,661 SqFt
- 0.69 Acres
- MLS® #: 23-340553
- 150 S Rockingham Ave
- Los Angeles CA
- $38,500,000
- 6 Bed | 7 Bath | 8,144 SqFt
- 1.41 Acres
- MLS® #: 24-370667
- 23736 Malibu Colony Rd
- Malibu CA
- $38,500,000
- 6 Bed | 5 Bath | 0 SqFt
- 0.41 Acres
- MLS® #: 24-381047
- 812 - 814 N Bedford Dr
- Beverly Hills CA
- $38,500,000
- 10 Bed | 14 Bath | 12,125 SqFt
- 0.93 Acres
- MLS® #: 24-355701
- 5046 Carbon Beach Ter
- Malibu CA
- $38,000,000
- 5 Bed | 9 Bath | 12,637 SqFt
- 17.16 Acres
- MLS® #: 24-358901
- 1550 Amalfi Dr
- Pacific Palisades CA
- $37,995,000
- 8 Bed | 15 Bath | 16,773 SqFt
- 1.8 Acres
- MLS® #: 24-364483
- 11870 Ellice St
- Malibu CA
- $37,900,000
- 6 Bed | 10 Bath | 20,000 SqFt
- 1 Acres
- MLS® #: 24-374265
- 2911 Antelo View Dr
- Los Angeles CA
- $36,900,000
- 9 Bed | 14 Bath | 15,360 SqFt
- 5.36 Acres
- MLS® #: 24-364749
- 32752 Pacific Coast Hwy
- Malibu CA
- $35,000,000
- 8 Bed | 7 Bath | 0 SqFt
- 2.63 Acres
- MLS® #: 24-385023
- 28823 Cliffside Dr
- Malibu CA
- $35,000,000
- 6 Bed | 5 Bath | 7,269 SqFt
- 0 Acres
- MLS® #: 24-377851
- 1305 Collingwood PL
- LOS ANGELES CA
- $35,000,000
- 6 Bed | 8 Bath | 11,800 SqFt
- 0.43 Acres
- MLS® #: 23-339061
- 10690 Somma Way
- Los Angeles CA
- $35,000,000
- 7 Bed | 13 Bath | 28,000 SqFt
- 3.98 Acres
- MLS® #: SR23213915MR
- 24105 HIDDEN RIDGE RD
- HIDDEN HILLS CA
- $34,950,000
- 6 Bed | 10 Bath | 21,670 SqFt
- 2 Acres
- MLS® #: 23-289893
- 23800 Malibu Crest Dr
- Malibu CA
- $34,900,000
- 7 Bed | 10 Bath | 15,500 SqFt
- 2.51 Acres
- MLS® #: 24-343915
- 23826 Malibu Rd
- Malibu CA
- $34,900,000
- 5 Bed | 6 Bath | 4,500 SqFt
- 0.34 Acres
- MLS® #: 24-359319
- 4533 Cockerham Dr
- Los Angeles CA
- $34,800,000
- 9 Bed | 11 Bath | 20,000 SqFt
- 2.01 Acres
- MLS® #: 22-185237
- 23754 MALIBU RD
- MALIBU CA
- $34,500,000
- 4 Bed | 6 Bath | 3,857 SqFt
- 0.27 Acres
- MLS® #: 23-292039
- 9950 COTHARIN RD
- MALIBU CA
- $34,000,000
- 7 Bed | 8 Bath | 8,000 SqFt
- 20 Acres
- MLS® #: 24-373997
- 1050 Stradella Rd
- Los Angeles CA
- $33,800,000
- 7 Bed | 16 Bath | 0 SqFt
- 0.9 Acres
- MLS® #: 24-379923
- 23917 Malibu Rd
- Malibu CA
- $32,900,000
- 5 Bed | 10 Bath | 8,200 SqFt
- 1.32 Acres
- MLS® #: 24-377631
- 9344 Nightingale Dr
- Los Angeles CA
- $31,999,000
- 6 Bed | 8 Bath | 0 SqFt
- 0.58 Acres
- MLS® #: 24-379281
- 450 Trousdale Pl
- Beverly Hills CA
- $30,000,000
- 6 Bed | 7 Bath | 6,955 SqFt
- 1.02 Acres
- MLS® #: SB23213904MR
- 1000 The Strand
- MANHATTAN BEACH CA
- $30,000,000
- 10 Bed | 9 Bath | 5,967 SqFt
- 0 Acres
- MLS® #: 24-379209
- 10250 W Sunset Blvd
- Los Angeles CA
- $30,000,000
- 14 Bed | 25 Bath | 30,000 SqFt
- 2.81 Acres
- MLS® #: 24-351655
- 1116 Chantilly Rd
- Los Angeles CA
- $29,995,000
- 10 Bed | 16 Bath | 18,500 SqFt
- 0.69 Acres
- MLS® #: 24-352975
- 407 Robert Ln
- Beverly Hills CA
- $29,995,000
- 9 Bed | 12 Bath | 13,404 SqFt
- 1.09 Acres
- MLS® #: 24-364831
- 1675 Carla Rdg
- Beverly Hills CA
- $29,995,000
- 4 Bed | 5 Bath | 7,000 SqFt
- 0.58 Acres
- MLS® #: 24-370375
- 380 Trousdale Pl
- Beverly Hills CA
- $29,995,000
- 8 Bed | 13 Bath | 8,922 SqFt
- 0.99 Acres
- MLS® #: 23-318145
- 1362 Bella Oceana Vis
- Pacific Palisades CA
- $29,995,000
- 6 Bed | 12 Bath | 12,900 SqFt
- 0.85 Acres
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