The statistics below cover home sales in the Westwood - Century City area. They are taken directly from the MLS and are for single family homes only. They don't take into consideration condos, income property and private sales.
January was an extremely slow month with only 4 homes sold as opposed to December '09 with 16 sold.
The highest price sold was $2,869,000 in Holmby Hills and the lowest $817,000 in the flats near Century City.
The median sold price was $1,182,000, down from $1,250,000 in December '09.
Sales price received vs. listing price was $98%, up from $97.1% in December.
Average days on the market was 24, basically the same as in December.
Below is a breakdown of last month's activity in the Westwood area real estate market.
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Jane great list/sale ratio; can't remember when last I have seen average DOM of 24 days. Here is hoping February sales will improve over last month.
Hi Jane, I imagine January was slow due to several days of rain perhaps?
Jennifer, that is amazingly low, but I am sure February will show us a large increase.
Mary, no, December would have been the month offers were made to close in January. December is not a month people are thinking of buying homes.
Of course, your right :-) Makes perfect sense.