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.
Homes for sale in Westwood
- 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® #: 24-381047
- 812 - 814 N Bedford Dr
- Beverly Hills CA
- $38,500,000
- 10 Bed | 14 Bath | 12,125 SqFt
- 0.93 Acres
- MLS® #: 24-370667
- 23736 Malibu Colony Rd
- Malibu CA
- $38,500,000
- 6 Bed | 5 Bath | 0 SqFt
- 0.41 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® #: 24-355701
- 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® #: 24-352975
- 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
- MLS® #: 22-213107
- 1100 Bel Air Rd
- Los Angeles CA
- $29,995,000
- Bed | 0 Bath | 0 SqFt
- 4.58 Acres
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
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).
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