This report covers the first two weeks of September.
The Westwood Los Angeles real estate market is chugging along in the under $2 million category. Three homes and 6 condos sold in that price range.
Westwood Los Angeles homes under $2 million are doing better than condos in the same. Average days on the market for single family homes are almost half those for condos. The single family home months inventory indicates a strong sellers' market while for condos it is still a buyers' market
The luxury market, homes and condos over $2 million remains sluggish. There have been no sales in the month of September. Months inventory for single family homes is fairly balanced at 6.66 months, but the high end condo market has a staggering 35 months inventory
| Westwood Real Estate Market Sales Trend |
Sales | Low | Median | High | Avg DOM | % Sold vs List Price | Active Listings | Months Inventory |
| Houses Under $2M |
3 | $1,100,000 |
$1,600,000 |
$1,670,000 | 40 | 94.51 |
17 |
2.64 |
| Houses Over $2M |
0 |
15 |
6.66 |
|||||
| Condos Under $2M | 6 | $350,000 |
$625,000 |
$825,000 |
78 |
98.31 |
151 |
8.38 |
| Condos Over $2M | 0 |
|
34 |
35 |
Data provided by MLS CLAW deemed reliable, but not guaranteed.
12 homes are under contract under $2M
6 homes are under contract over $2M
29 condos are under contract under $2M
1 condo is under contract over $2M
Find homes in Westwood Los Angeles
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.
Search Homes for Sale in Los Angeles
Los Angeles Lifestyle Home Search
Search Homes for Sale in Beverly Hills|
Search Homes for Sale in Brentwood
Search Homes for Sale in Culver City
Search Homes for Sale in Silver Lake-Echo Park
Search Homes for Sale in Santa Monica
Search Homes for Sale in Venice CA
Search Homes for Sale in Westwood-Century City
Other Los Angeles Communities
Jane, chugging along is much more perferred than falling off a cliff.....
Quite frankly, I was surprised to see the DOM numbers relatively low for this area. Also, the condo numbers are higher than what we see here. Urbanization is supposed to happen this next day. Calif has always been a head of the curve... g
Gerry, no cliff falling here :)
Gordon, L.A. is urbanization personified. Hope you are feeling better.
Jane, Looks like the condos are the place to be!
Bill, so is L.A. :)
Hmmm... traffic jams on a Sunday summer afternoon going to a Dodgers game...one of my L.A. memories! I enjoy visiting, but I don't think I'd want to live there!
Bill, where is Ohio again?
Find the two coasts, stop in the middle!
Jane, enviable market for homes listed under $2 million. As always, a lot of information presented in an easy-to-follow format.
Bill, what happens if I blink?
Mary Kay, thank you kindly.
You wind up in West Virginia and they TOTALLY won't know what to make of your British accent!
Bill, :)
Jane, I was really surprised to see the data you provided to be this favorable. Only 6 months inventory is very favorable and the days on market is great!
Debbie, it is still pretty slow. I think this inventory is just sellers' hesitation to put their properties on the market.
Jane, it's incredible that for as much valuable information you are providing to your area, this report would be fiction in our area where mean house value in our state, hovers around $275,000.
Ed, one mans' fiction...... :)
Jane - as always, a thoughtful look at the positive and negtive in the market. And with a bit of humor mixed in with the comments. BEt the high end condo owners are not laughing - 35 months inventory is ugly. Even our more expensive SD County community is under 2 years for multimillion $ homes.
Jeff
Jeff, that 35 mos is primarily the Wilshire Corridor. Shame, because there are some magnificent units for sale.
Jane, it amazes me that homes are selling in that price range....we have high end homes in the millions, but the market is slow for that range...mostly be low $300K is whats moving now.
Wow, the DOM are really short - shows the value of accurate pricing. Do you have a foreign buyer pool or local?
Rebecca, I think that is pretty much the same here. High end properties are stuck.
Juli, right now, in the high end, it seems to be more out-of-towners buying.