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Westwood Los Angeles Real Estate Market Trend

The Westwood Los Angeles real estate marketis a mixed bag.The median sold prices in all categories except condos over $2M remain steady but in the latter category, the median is down.  However with only two sales in the past two months, that is not a reliable statistic.

Days on the market are pretty much unchanged

The median price remains steady and sales to list price percentage is also pretty stable.  The luxury market continues to be overpriced reflected by a low of 90% for the last two sales of condos over $2M

All categories are a strong buyers' market except for single family homes under $2 million, with the condos over $2 million category showing a whopping 52.5 month inventory.  There is going to have to be some hefty price changes to sell the 35 sitting on the market, the overwhelming majority of which are on the Wilshire Corridor.

Westwood Real Estate Market Sales Trend
 12 Month Sales Low Median High Avg DOM % Sold vs List Price Active Listings
Single Family Under $2M
 51 $939,000
 $1,417,000
 $2,000,000
 58
 96.23
 19
Single Family Over $2M
 27 $2,0000,000
 $2,775,000
 $11,000,000
 105
 84.54
 18
Condos Under $2M 206 $230,000
 $579,000
 $1,900,000
95
 94.26
 151
Condos Over $2M 11 $2,050,000
 $3,350,000
$7,267,500
95
 86.38
 35

6 Month Sales Low Median High Avg DOM %Sold vs List Price
Single Family Under $2M 30
 $939,000
 $1,382,000 $1,935,000
 57
 96.40

Single Family Over $2M 11 $2,048,820 $2,505,000
 $11,000,000
 32
 94,71

Condos Under $2M 94 $245,000
 $534,500
 $1,437,900
 97
 93.75

Condos Over $2M 6 $2,050,000
 $3,325,000
 $7,267,500
 91
 80.40


3 Month Sales
 Low Median High Avg DOM %Sold vs List Price Months Inventory
Single Family Under $2M 16 $939,000
 $1,545,000
 $1,482,048
 53
 95.51 3.56
Single Family Over $2M 7 $2,048,820
 $2,500,000
 $11,000,000
 37
 93.27
 7.71
Condos Under $2M 36 $269,900
 $504,500
 $1,437,900
 97
 93.06
 12.58
Condos Over $2M 2 $2,050,000
$2,512,500
 12
 90.08
 52.50

Data provided by MLS CLAW deemed reliable, but not guaranteed.

10 homes are under contract under $2M
5 homes are under contract over $2M
31 condos are under contract under $2M

 

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

2 comments • Jane Peters Los Angeles Living, Los Angeles Homes • September 07 2010 12:52AM

Brentwood Los Angeles Real Estate Market Trend Report

The Brentwood real estate market remains steady. The median prices have increased slightly in all categories, sales to list price percentage are stabloes, days on the market are down slightly.  The months inventory in the under $2 million single family market is 3.85 but in the other two categories they are over the balanced six month level.

18 under $2M homes are under contract
16 over $2M homes are under contract
19 condos are under contract

Brentwood Real Estate Market Sales Trend
 12 Month Sales Low Median High Avg DOM % Sold vs List Price Active Listings
Single Family Under $2M
 145 $750,000
 $1,387,000
 $2,000,000
 60
 95,91
 50
Single Family Over $2M
 105 $2,0000,000
 $2,950,000
 $13,250,000
 102
 92.97
 126
Condos 152 $218,900
 $680,000
$1,600,000
72
 96.05
 96

6 Month Sales Low Median High Avg DOM %Sold vs List Price
Single Family Under $2M 81
 $800,000
 $1,475,000 $2,000,000
 52
 96.78

Single Family Over $2M 42 $2,050,000 $3,023,375
 $13,250,000
 85
 93.87

Condos 74 $320,000
 $687,500
 $1,500,000
 66
 96.53


3 Month Sales
 Low Median High Avg DOM %Sold vs List Price Months Inventory
Single Family Under $2M 39 $800,000
 $1,450,000
 $1,995,000
 51
 96.19 3.85
Single Family Over $2M 23 $2,025,000
 $3,158,750
 $13,250,000
 88
 93.25
 7.67
Condos 32 $320,000
 $623,750
 $1,349,000
 63
 96.38
 10.67

Data provided by MLS CLAW deemed reliable, but not guaranteed.

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

3 comments • Jane Peters Los Angeles Living, Los Angeles Homes • September 05 2010 11:21PM

Santa Monica Real Estate - Market Trend

The Santa Monica real estate market remains steady. All categories are a healthy sellers' market except in the the over $2M single family niche. 6 months inventory represents a balanced market.

The median price remains steady.

Santa Monica Real Estate Market Sales Trend
 12 Month Sales Low Median High Avg DOM % Sold vs List Price Active Listings
Single Family Under $2M
 173 $438,000
 $1,060,000
 $2,000,000
 65
 96.03
 66
Single Family Over $2M
 75 $2,0000,000
 $2,795,000
 $6,862,000
 69
 96.45
 42
Condos Under $2M 379 $131,000
 $660,000
 $2,000,000
51
 96.87
 184
Condos Over $2M 8 $2,000,000
 $2,510,000
$3,100,000
79
 93.47
 14

6 Month Sales Low Median High Avg DOM %Sold vs List Price
Single Family Under $2M 86
 $535,000
 $1,031,750 $2,000,000
 62
 96.58

Single Family Over $2M 49 $2,000,000 $2,825,000
 $6,862,000
 62
 95.47

Condos Under $2M 203 $131,000
 $618,500
 $1,825,000
 53
 96.91

Condos Over $2M 3 $2,075,000
 $2,411,000
 $2,610,000
 33
 97.39


3 Month Sales
 Low Median High Avg DOM %Sold vs List Price Months Inventory
Single Family Under $2M 51 $535,000
 $1,033,500
 $2,000,000
 65
 96.18 3.88
Single Family Over $2M 28 $2,000,000
 $2,707,000
 $6.862,000
 74
94.16
 3.94
Condos Under $2M 107 $131,000
 $697,000
 $1,825,000
 51
 96.87
 5.16
Condos Over $2M 3 $2,075,000
 $2,411,000
 $2,610,000
 33
 97.39
 14

Data provided by MLS CLAW deemed reliable, but not guaranteed.

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

8 comments • Jane Peters Los Angeles Living, Los Angeles Homes • September 04 2010 11:04PM

Beverly Hills Real Estate - Market Trend

The Beverly Hills real estate market is very much a buyers' market at present, except in the under $2M single family homes niche. There is a 13 month inventory at the high end of condos and an10 month inventory at the high end of single family homes.  6 months inventory represents a balanced market. 

The median price remains steady.

Beverly Hills Real Estate Market Sales Trend
 12 Month Sales Low Median High Avg DOM % Sold vs List Price Active Listings
Single Family Under $2M
 50 $875,000
 $1,390,000
 $1,955,000
 89
 94.87
 21
Single Family Over $2M
 99 $1,900,000
 $3,538,000
 $16,500,000
 81
 91.26
 91
Condos Under $2M 88 $390,000
 $760,000
 $1,720,000
102
 93.15
 71
Condos Over $2M 7 $2,349,000
 $6,150,000
$10,650,000
162
 99.67
 9

6 Month Sales Low Median High Avg DOM %Sold vs List Price
Single Family Under $2M 31
 $875,000
 $1,300,000
 $1,955,000
 87
 95.33

Single Family Over $2M 54  $2,100,000 $3,910,077
 $13,000,000
 74
 92.92

Condos Under $2M 44 $390,000
 $757,500
 $1,620,000
 112
 92.67

Condos Over $2M 4 $5,750,000
 $7,326,000
 $10,650,000
 138
 98.89


3 Month Sales
 Low Median High Avg DOM %Sold vs List Price Months Inventory
Single Family Under $2M 22 $900,000
 $1,300,000
 $1,680,000
 53
  95 2.73
Single Family Over $2M 26 $2,100,000
 $5,013,000
 $8,200,000
 69
94.72
10.04
Condos Under $2M 17 $490,000
 $810,000
 $1,400,000
 97
 95.33
 12,71
Condos Over $2M 2 $5,750,000
$8,503,000
 159
 97.62
 13.50

Data provided by MLS CLAW deemed reliable, but not guaranteed.

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

21 comments • Jane Peters Los Angeles Living, Los Angeles Homes • September 03 2010 01:33AM

Wilshire Corridor Condos - Market Activity for July 2010

Wilshire Corridor Condos

The Wilshire Corridor, also known as The Golden Mile, stretches from Westwood Blvd. to Club View Dr. and is home to some of the most luxurious condominium buildings in Los Angeles.

In the over $1 million category, only one condo sold in July at the Californian, 10800 Wilshire, for $2,050,000 a realization of 85.77% of the list price. It went under contract in one day.

There are 62 units on the market at an average price of $2,947,015 and the average days on the market are 165.

There are 3 units under contract.

In the under $1 million category on the Wilshire Corridor there were 5 condos sold for an average of $545,600.  Average days on the market were 68.

There are 50 units on the market $647,898, and average days on the market are 108.

There are 12 units under contract.

Search Wilshire Corridor condos for sale

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

13 comments • Jane Peters Los Angeles Living, Los Angeles Homes • August 04 2010 12:39AM

St. John's Wood - 1730 Sawtelle Blvd, West Los Angeles

St. John's Wood

Having lived near St. John's Wood in North West London, I was tickled to see that it followed me to Los Angeles.

St. John's Wood at 1730 Sawtelle Blvd. in West Los Angeles is the second project in what is know as the "Britishfication of Sawtelle" by Peter Wilson, a Brit himself.

This FHA approved green condo project has already sold 25 out of 55 units in 3 weeks.  2 bed 2 bath units up to 1,250 sq. ft. are priced from $439,000 to $499,000.  2 bed 2 bath loft-style units are up to 1,400 sq. ft and priced from $559,000 to $599,000. The ceilings in the units are 9 ft ceiling and in the lofts 16 ft, with beautiful features and appliances.  Views are towards the ocean, Culver City and Venice.

Sawtelle Blvd. is at the heart of West Los Angeles and if you like an eclectic mix of food there are restaurants galore.

Sawtelle also has an excellent Walk Score, 87 out of 100, from Google Maps.  There is no shortage of activities and venues in the area.

Search condos for sale in West Los Angeles

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

9 comments • Jane Peters Los Angeles Living, Los Angeles Homes • July 25 2010 09:46PM

Culver City Housing Market Report - June 2010

Culver City Stats

The Culver City statistics below are taken from the MLS CLAW and are for single family homes only.  They do not include condos, income property, or private sales.

June was a good month for Culver City home sales.   The number of homes sold was up 66% over May, the median sold price was up 2% and the median sold price vs the median list price difference was down 45%, i.e. the June sold price was much closer to asking price over May. Days on the market of homes sold was down by 13 and the homes under contract was up by 200%.  The months supply of inventory, i.e. market absorption rate, indicates that Culver City is definitely in a sellers' market.

Culver City Stats

Search homes in Culver City

 

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

2 comments • Jane Peters Los Angeles Living, Los Angeles Homes • July 13 2010 01:32PM

Brentwood Market Report - June 2010

Brentwood Stats

The June statistics below reflecting Brentwood Los Angeles housing market  are taken from the MLS and are for single family homes only.  They do not include condos, income property, or private sales.

June continued as a good month for Brentwood home sales.  The number of homes sold and under contract rose healthily over May. The median price of homes sold was up slightly, and number of days on the market of was down.

The months supply of inventory rose to 7.75,  which indicates a shift towards a buyers market.

Brentwood Stats

Search Brentwood Homes for Sale under $2 million

Search Brentwood Homes for Sale over $2 million

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

5 comments • Jane Peters Los Angeles Living, Los Angeles Homes • July 10 2010 01:18AM

Santa Monica Housing Market Report - June 2010

Santa Monica Stats

The Santa Monica Housing Market statistics below are taken for the MLS CLAW and are for single family homes only.  They do not include condos, income property, or private sales.

May was a good month for Santa Monica home sales, and June was not a big change.  The number of homes sold was up by 17 over June, the average price was down 5%, but with such a range in home prices in Santa Monica, this is not a reliable gage. The average sold price vs the average list price did not really change, and again, with the range in prices in Santa Monica, $79,000 is not to far off the listing price. Days on the market of homes sold was up by 13 and homes under contract were down by 12.  The months supply of inventory, i.e. market absorption rate, that Santa Monica is still not quite a seller's market yet.

Santa Monica Report

Search Santa Monica Homes for Sale to $2 Million

Search Santa Monica Homes for Sale over $2 Million

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

3 comments • Jane Peters Los Angeles Living, Los Angeles Homes • July 05 2010 10:04PM

Westwood Housing Market - May 2010

Westwood Stats

The Westwood housing market statistics below are taken from the MLS CLAW and are for single family home only.  They do not include condos, income property or private sales.

Westwood home sales figures for May are pretty steady. The number of homes sold was down slightly over April but the median price was up by 3.4. Days on the market for homes sold were down 28% continuing the March April drop. Homes under contract were up 54%. The months supply of inventory, however does indicate a market for buyers.

Westwood May 2010

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Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Los Angeles Area Homes for Sale

 

12 comments • Jane Peters Los Angeles Living, Los Angeles Homes • June 17 2010 12:17AM