How is the Westwood real estate market doing this year? Let’s check out the 1st Quarter of 2012 compared with the same period last year.
The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed.
Westwood Single Family Homes
Number Sold: 34 a 100% increase over the same period in 2011.
Median Price: $1,358,000, a 20.58% decrease over the same period in 2011.
There are 24 active listings and with an average sale of 11.33 homes per month over the past 3 months, this means that there is an absorption rate of 2.12. This means, it will take 2.12 months to sell the existing inventory based on the average monthly sales.
A balanced market is 6 months. Anything less trends towards a sellers’ market.
Westwood home sellers are in an excellent position to find buyers for their homes, especially if priced right.
Number Sold: 74, a 68.18% increase of the same period last year.
Median Price: $542,500, a 5.24% decrease over 2011.
There are 118 active listings. With an average sale of 24.67 per month over the past 3 months the absorption rate is 4.78. A sellers’ market.
Although the median price is down, sales are way up and inventory is low. Westwood home sellers, there are buyers out there!
Westwood Homes for Sale
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.