Westwood Housing Market Report 2011

Posted on January 16, 2012

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.Search Homes for Sale in Westwood-Century City, Wilshire Corridor Condos for Sale and Lease

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 balanced market.  Under 6 months is a sellers’ market, and anything over 6 months is a buyers’ market.

Westwood Housing Market Report 2011

The Westwood single family home market  under $2 million remains a sellers’ market.  Inventory is low, and the median price is creeping up.  If priced right, a Westwood home seller in the under $2 million range can expect a reasonable fast sale.  Buyers are always looking for good new inventory.

Westwood Housing Market Report 2011 | Single Family between $2-5MWith only 5 active listings, the sellers of Westwood homes between $2-5M can expect a fast sale, with little difference over 2010’s figures.

Westwood Luxury Housing Report 2011The Westwood luxury housing market, homes over $5M definitely favors those buyers willing to take a plunge.  There were actually 4 homes sold over the past 3 months to one year, but it has been eliminated from the report in order not to skew the figures too much.  That was the Candy Spelling mansion which sold for $85M at 50% of the listing price.

Westwood Housing Market Report 2011 | CondosThe Westwood condo market has moved  slightly towards a sellers’ market and is fairly healthy.  The median price is down some, but number of sales and price per sq. ft. is up.

Previous Reports

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


  1. 6 beds, 6 full baths
    Home size: 6,579 sq ft
    Lot size: 7,655 sqft
    Year built: 2004
    Days on market: 5
  2. 3 beds, 2 full, 2 part baths
    Home size: 3,818 sq ft
    Lot size: 14,394 sqft
    Year built: 1936
    Parking spots: 8
    Days on market: 6
  3. 4 beds, 3 full, 1 part baths
    Lot size: 13,456 sqft
    Year built: 1928
    Days on market: 11
  4. 3 beds, 2 full baths
    Home size: 1,606 sq ft
    Lot size: 5,712 sqft
    Year built: 1939
    Days on market: 12
  5. 4 beds, 3 full, 1 part baths
    Home size: 3,498 sq ft
    Lot size: 7,093 sqft
    Year built: 1940
    Days on market: 13
  6. 2 beds, 2 full baths
    Home size: 1,667 sq ft
    Lot size: 7,505 sqft
    Year built: 1937
    Days on market: 16
  7. 4 beds, 4 full baths
    Home size: 3,552 sq ft
    Lot size: 12,770 sqft
    Year built: 1926
    Days on market: 16
  8. 3 beds, 2 full, 2 part baths
    Home size: 4,150 sq ft
    Lot size: 7,703 sqft
    Year built: 1935
    Days on market: 17
  9. 4 beds, 2 full, 1 part baths
    Home size: 3,108 sq ft
    Lot size: 6,368 sqft
    Year built: 1930
    Parking spots: 4
    Days on market: 20
  10. 5 beds, 3 full, 1 part baths
    Home size: 3,660 sq ft
    Lot size: 7,965 sqft
    Year built: 1931
    Days on market: 20
  11. 5 beds, 5 full, 1 part baths
    Home size: 4,800 sq ft
    Lot size: 6,753 sqft
    Year built: 2015
    Days on market: 22
  12. 4 beds, 3 full, 2 part baths
    Home size: 3,032 sq ft
    Lot size: 6,750 sqft
    Year built: 1940
    Days on market: 23
  13. 4 beds, 2 full, 2 part baths
    Home size: 4,007 sq ft
    Lot size: 10,562 sqft
    Year built: 1936
    Days on market: 24
  14. 5 beds, 6 full baths
    Home size: 6,900 sq ft
    Lot size: 13,158 sqft
    Year built: 1932
    Days on market: 37
  15. 5 beds, 2 full, 5 part baths
    Home size: 5,700 sq ft
    Lot size: 17,266 sqft
    Year built: 1930
    Days on market: 40

See all Westwood Homes for Sale.
(all data current as of 7/5/2015)

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

Buying or Selling Los Angeles Real Estate

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