The Westwood Los Angeles real estate market is 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
Jane Peters, connecting you to the L.A. real estate scene
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.
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Great Info, Jane. Thank You!
Suggested.
Todd, thanks for dropping by.