Westwood Housing Market Report 2011

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

 

See all Westwood Homes for Sale.
(all data current as of 8/2/2014)

  1. 3 beds, 2 full, 1 part baths
    Home size: 2,567 sq ft
    Lot size: 8,101 sqft
    Year built: 1938
    Days on market: 3
  2. 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: 9
  3. 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: 9
  4. 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: 9
  5. 5 beds, 5 full, 1 part baths
    Home size: 4,107 sq ft
    Lot size: 8,217 sqft
    Year built: 1935
    Days on market: 10
  6. 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: 15
  7. 3 beds, 3 full, 2 part baths
    Home size: 3,168 sq ft
    Lot size: 15,223 sqft
    Year built: 1940
    Days on market: 19
  8. 5 beds, 5 full, 1 part baths
    Home size: 4,125 sq ft
    Lot size: 11,368 sqft
    Year built: 1932
    Days on market: 23
  9. 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: 23
  10. 5 beds, 2 full, 3 part baths
    Home size: 4,050 sq ft
    Lot size: 6,888 sqft
    Year built: 1951
    Days on market: 26
  11. 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: 26
  12. 4 beds, 3 full, 1 part baths
    Home size: 3,156 sq ft
    Lot size: 7,525 sqft
    Year built: 1938
    Days on market: 26
  13. 4 beds, 2 full, 3 part baths
    Home size: 3,452 sq ft
    Lot size: 12,171 sqft
    Year built: 1938
    Days on market: 31
  14. 4 beds, 3 full, 1 part baths
    Home size: 2,994 sq ft
    Year built: 1937
    Parking spots: 2
    Days on market: 51
  15. 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: 53

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

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

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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The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).

Date last updated: 8/1/14 11:42 PM PDT

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