Westwood Real Estate, The Year in Review

Like most areas of Los Angeles, the Westwood neighborhood is suffering from low inventory, especially in the single family market.  Home to UCLA, it is a desirable place to live so it will be interesting to see how Westwood real estate fared in 2012.

 

 

Westwood single family home sales

Sold +/- 2011 Range Median +/- 2011 Active Range Median Pending
105  +39 $855,000 to $13,750,000 $1,580,000 -4.53% 8 $1,039,000 to $18,500,000 $1,652,000 5

Westwood condo sales 

These statistics include Wilshire Corridor condos which are also covered separately in a separate report.

Sold +/- 2011 Range Median +/- 2011 Active Range Median Pending
286 +58 $169,230 to $6,550,000 $539,500 +5.78% 88 $309,900 to $11,995,000 $864,000 36

 

Sellers Market Balanced Market Buyers’ Market
Less than 5 months 5 to 7 months More than 7 months

 

Information provided by MLS/CLAW deemed accurate but not guaranteed

Westwood real estate sales are up in both categories by a fairly healthy amount.  The median price is down slightly for single family sales and up slightly for condo sales.  Not a significant change either way.

There are only 8 single family homes available for sale at this time which makes that market significantly favor Westwood home sellers.  The condo market is a little more balanced but still in the sellers’ corner.

Let’s hope that we some fresh inventory on the market soon.

Previous Westwood Market Reports

Westwood Real Estate Market Report November 2012
Westwood Real Estate Market Report October 2012
Westwood Real Estate Third Quarter Market Report 2012
Westwood Real Estate Half-Yearly Market Report June 2012

Homes for sale in Westwood

 

Showing properties 1 - 15 of 17. See more Westwood Homes for Sale.
(all data current as of 5/18/2013)

  1. 5 beds, 5.5 baths
    Home size: 4,258 sq ft
    Lot size: 6,925 sqft
    Year built: 1932
    Parking spots: 2
    Days on market: 1
  2. 5 beds, 3.0 baths
    Home size: 3,175 sq ft
    Lot size: 8,320 sqft
    Year built: 1940
    Parking spots: 6
    Days on market: 2
  3. 2 beds, 2 full baths
    Home size: 1,533 sq ft
    Lot size: 5,936 sqft
    Year built: 1937
    Parking spots: 4
    Days on market: 3
  4. 5 beds, 4.0 baths
    Home size: 3,539 sq ft
    Lot size: 8,340 sqft
    Year built: 1933
    Days on market: 9
  5. 4 beds, 2 full, 2 part baths
    Home size: 3,569 sq ft
    Lot size: 13,399 sqft
    Year built: 1928
    Parking spots: 12
    Days on market: 10
  6. 4 beds, 2.0 baths
    Lot size: 6,502 sqft
    Year built: 1925
    Parking spots: 6
    Days on market: 15
  7. 4 beds, 3.5 baths
    Home size: 5,431 sq ft
    Lot size: 14,713 sqft
    Year built: 1929
    Parking spots: 8
    Days on market: 23
  8. 4 beds, 3 full, 1 part baths
    Home size: 3,552 sq ft
    Lot size: 12,770 sqft
    Year built: 1926
    Parking spots: 4
    Days on market: 30
  9. 2 beds, 1.0 baths
    Home size: 1,445 sq ft
    Lot size: 5,919 sqft
    Year built: 1940
    Parking spots: 2
    Days on market: 40
  10. 5 beds, 6 full, 1 part baths
    Home size: 6,690 sq ft
    Lot size: 1.30 ac
    Year built: 1952
    Parking spots: 12
    Days on market: 41
  11. 4 beds, 4.5 baths
    Home size: 3,520 sq ft
    Lot size: 7,212 sqft
    Year built: 1988
    Days on market: 44
  12. 5 beds, 3.5 baths
    Home size: 2,869 sq ft
    Lot size: 7,284 sqft
    Year built: 1956
    Parking spots: 4
    Days on market: 46
  13. 4 beds, 4.0 baths
    Home size: 4,000 sq ft
    Lot size: 7,535 sqft
    Year built: 1938
    Parking spots: 4
    Days on market: 47
  14. 3 beds, 2 full, 1 part baths
    Home size: 3,291 sq ft
    Lot size: 9,160 sqft
    Year built: 1939
    Parking spots: 2
    Days on market: 53
  15. 5 beds, 4 full baths
    Home size: 3,530 sq ft
    Lot size: 7,702 sqft
    Year built: 1926
    Parking spots: 2
    Days on market: 80

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

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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Date last updated: 5/18/13 9:38 AM PDT

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