The Westwood Los Angeles real estate market is showing a strong sellers' market for single family homes. A balanced market is inventory of up to six months. Below 6 months is a sellers' market. Above six months is a buyers' market.
Why? Because little inventory means there is little choice for buyers and sellers have the advantage. The opposite is true when there is too much inventory.
Months supply of inventory, as shown in the above chart, is presently 1.80. A strong sellers market.
The above chart does not include Wilshire Corridor condo statistics.
The Westwood Los Angeles real estate market for condos is a balanced one. Six months of inventory presently means it is the perfect time for buying or selling a Los Angeles home.
View Westwood in a larger mapBuying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you're new to L.A. Town. You'll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs! When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available. If you are an absentee owner, you'll need someone to handle all the details that you can't handle remotely. That's where I come in - I'm there when you can't be. I also specialize in lease property in Los Angeles. Westside Los Angeles Real Estate, including, but not limited to:- Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
- Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
- Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
- Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
- Culver City Real Estate - Culver City single family homes, Culver City condominiums
- Palms/Mar Vista Real Estate - Palms/Mar Vista single family homes, Palms/Mar Vista condominiums
- Silver Lake Real Estate - Silver Lake single family homes, Silver Lake condominiums
- Echo Park Real Estate - Echo Park single family homes, Echo Park condominiums
Jane Peters knows L.A. Real Estate. Let me do the Work for You!
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 good points. Inventory is so key. We have an abundence so buyers market is strong. Send some buyers over-great investment oppurtunities. Have a great year.
I'm noticing the same up here, Jane! In fact, I'm taking clients out this afternoon to tour open houses, and there were a couple of places I wanted to show them that suddenly got into contract earlier in the week...(this after both units were on the market for more than 185 days each). Is it a sign? I don't know, but according to some economic reports, it just may be!
Jane:
I like it. Fresh approach with a bit of education thrown in. You tell the reader a story.
Great information here Jane. This is exactly how a market report should be presented. You not only give the numbers, you explain them too. Perfect!
Nick, thank you.
David, definitely time for sellers to consider putting their homes on the market.
Brian, thank you kindly.
Craig, thank you too, Craig. Appreciate it.
Jane - If timing the market is a game for some... Now is the time to Play. Your can hear the crockodile tears two years from now... "should have bought when rates and prices were low"
I think your first comments about "if you have the funds, are pre approved" says it all for the entire industry no matter where you are. Great post Jane, and oh if I could I would definitely be checking out your area.
Claude, the time is always right when you are ready.
Gerry, thank you very much.
Jane -- I love your charts. Very easy to understand and they display quite a bit of info. I can look at your charts and get a good handle on the Westwood market without having to read through a lot of text. Nice job!
Barbara, thank you very much.
Hi Jane, we have a buyers market here...good report and explanation of the market.
Rebecca, thank you.