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 balanced market. Under 6 months is a sellers’ market, and anything over 6 months is a buyers’ market.
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.
With only 5 active listings, the sellers of Westwood homes between $2-5M can expect a fast sale, with little difference over 2010′s figures.
The 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.
The 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
Showing properties
1 - 15 of 19.
See more Westwood Homes for Sale.
(all data current as of
5/23/2013)
-
$2,875,000 : 850 THAYER AVE, Los Angeles5 beds, 4 full baths
-
$2,875,000 : 850 THAYER AVE, Los Angeles5 beds, 4 full baths
-
$2,895,000 : 1534 ENSLEY AVE, Los Angeles5 beds, 5.5 baths
-
$2,199,000 : 837 THAYER AVE, Los Angeles5 beds, 3.0 baths
-
$1,200,000 : 1477 Glendon Avenue, Los Angeles2 beds, 2 full baths
-
$2,895,000 : 10715 LE CONTE AVE, Los Angeles5 beds, 4.0 baths
-
$3,559,000 : 430 Dalehurst Avenue, Los Angeles4 beds, 2 full, 2 part baths
-
$1,695,000 : 10589 WILKINS AVE, Los Angeles4 beds, 2.0 baths
-
$5,395,000 : 332 CONWAY AVE, Los Angeles4 beds, 3.5 baths
-
$3,650,000 : 910 HILTS AVE, Los Angeles4 beds, 3 full, 1 part baths
-
$1,249,000 : 10717 OHIO AVE, Los Angeles2 beds, 1.0 baths
-
$11,000,000 : 333 S MAPLETON DR, Los Angeles5 beds, 6 full, 1 part baths
-
$2,799,000 : 1324 CLUB VIEW DR, Los Angeles4 beds, 4.5 baths
-
$2,495,000 : 920 WESTHOLME AVE, Los Angeles5 beds, 3.5 baths
-
$2,875,000 : 737 WESTHOLME AVE, Los Angeles4 beds, 4.0 baths
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:
- Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
- Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
- Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
- Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
- Culver City Real Estate - Culver City homes
- Silver Lake Real Estate - Silver Lake single homes
- Echo Park Real Estate - Echo Park homes
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.
