westwood real estate: Westwood Real Estate 2013 in Review
- 01/28/14 02:44 AM
Like most areas of Los Angeles, the Westwood neighborhood is suffering from low inventory, especially in the single family market. Home to UCLA, it is a desirable place to live so it will be interesting to see how Westwood real estate fared in 2013.
Westwood single family home sales
… (7 comments)
westwood real estate: Westwood Homes for Sale 3rd Qtr 2013 Market Report
- 11/06/13 02:13 AM
How is the Westwood real estate market doing? Let’s see how sales for the 3rd Qtr of 2013 compare to the previous Qtr. How is the inventory? The Westwood condo market does not include the Wilshire Corridor which is covered separately. The majority of Westwood condos for sale are in that market.
westwood real estate: Westwood Real Estate Market Report, May 2013
- 06/04/13 06:18 AM
Interest rates are still low and Los Angeles home buyers are scrambling to find homes. It is such an excellent time be selling real estate. Homes are going into multiple offers and over asking. Interest rates are low and buyers are bullish. Waiting until prices rise more could diminish the affordability factor for these buyers, especially if interests rise too.
Let’s see if Westwood real estate inventory is increasing. How are sales? May 2013
westwood real estate: Westwood Real Estate 1st Qtr 2013 Review
- 04/06/13 11:04 AM
Westwood real estate is still suffering from low inventory, especially in the single family market. Let’s see how sales for the First Quarter of 2013 compare to the last Quarter of 2012. Early 2013 was supposed to be on fire….. Westwood single family home sales
westwood real estate: Westwood Homes for Sale. Last Year's Market Trend
- 02/11/13 08:09 AM
It will be interesting to see what the trend for Westwood homes for sale was over the past year and compare with the previous year. SINGLE FAMILY HOMES The median sold price is up 64% in January 2013 over the previous January and the median for sale price is up 22% Only 2 homes sold in January a drop of 78%, and the number of homes under contract dropped 25%. Westwood homes for sale per month has been dropping steadily to 54% less than January 2012. And the number of new homes coming on the market on a monthly basis is down 47%.
The months supply of inventory is down 54%. Average days on the market is strangely up 46% over January 2012, but down 56% from the high in August. CONDO … (7 comments)
westwood real estate: Westwood Real Estate. 2012 in Review
- 01/18/13 02:27 AM
Like most areas of Los Angeles, the Westwood neighborhood is suffering from low inventory, especially in the single family market. Home to UCLA, it is a desirable place to live so it will be interesting to see how Westwood real estate fared in 2012.
Westwood single family home sales
Information provided by MLS/CLAW deemed accurate but not guaranteed Westwood real estate sales are up in both categories by a fairly healthy amount. The median price is down slightly for single family sales and up slightly for condo sales. Not a significant change either way. There are only 8 single family … (6 comments)
westwood real estate: Westwood Real Estate Market Report November 2012
- 12/22/12 04:19 AM
The Westwood neighborhood of Los Angeles is covered by the 90024 zip code and is the home of U.C.L.A. and the upscale Wilshire Corridor, the latter making up the majority of the condo statistics below. There is a heavy concentration of apartments, condos, and commercial properties in Westwood, mostly south of Wilshire Blvd., with the exception of Westwood Village. North of Wilshire is mostly more expensive single family housing.
Let’s check out the market for the month of October: Westwood condo sales are up by 6 over November, and the median prices is up $35.05%. The Westwood condo market is a seller’s market, with the bulk of the inventory sitting … (5 comments)
westwood real estate: Westwood Real Estate Market Report | October 2012
- 11/04/12 03:11 AM
The Westwood neighborhood of Los Angeles is covered by the 90024 zip code and is the home of U.C.L.A. and the upscale Wilshire Corridor, the latter making up the majority of the condo statistics below.
There is a heavy concentration of apartments, condos, and commercial properties in Westwood, mostly south of Wilshire Blvd., with the exception of Westwood Village. North of Wilshire is mostly more expensive single family housing. Let’s check out the market for the month of October: Westwood condo sales are down by 1 over September, but the median prices is up $2.71% from $542,500 to $557,200. Homes listed for sale in October have a median … (7 comments)
westwood real estate: Westwood Real Estate 3rd Quarter Market Report 2012
- 10/07/12 09:49 AM
Let’s check in on the Westwood real estate market and see how it has performed through the third quarter of 2012. Since it is difficult to separate out the Wilshire Corridor condo market, which has its own reports, this report will cover single family homes.
Information takend from MLS/CLAW deemed reliable but not guaranteed. Sold: 67, 20 more than in the same period last year. Median Price: $1,450,000 a 14.20% drop over the same period last year Under Contract: 19 There are 20 active listings. The median price is down and sales are up. With an average of 7.67 homes sold per month over the past 6 … (9 comments)
Single Family Year over year the median sold price is up 25%The numer of sold properties is up 25%The number of new properties on the market is down 22%The average months supply of inventory is down 50% to 4 months supply, indicating a sellers’ market. Condos
Year over year the median sold price is up 11%The numer of sold properties is up 67%The number of new properties on the market is down 22%The average months supply of inventory is down 90% to 2.6 months … (13 comments)
The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed. Westwood Single Family Homes Number Sold: 34 a 100% increase over the same period in 2011. Median Price: $1,358,000, a 20.58% decrease over the same period in 2011. There are 24 active listings and with an average sale of 11.33 homes per month over the past 3 months, this means that there is an absorption rate of 2.12. This means, it will take 2.12 … (18 comments)
Data provided by MLS/CLAW is deemed reliable but not guaranteed Outside of Candy Spelling’s home which sold for $85 Million recently, over the past 6 years, the lowest price home sold was $875,000 and the highest $21.5 Million. The height of the single family real estate market in terms of median price was the 4th Quarter of 2007 when 11 homes were sold at a median of … (9 comments)
The January 2012 report is broken down into price ranges and includes the Wilshire Corridor which also has its own report. Westwood single family homes under $2 Million Sold: 6 / +3 over same period last yearMedian Price: $1,278,500 / -25.23% over same period last yearActive: 14Absorption Rate*: 3.5 months Westwood single family homes $2 to $5 Million Sold: 3 / +2 over same period last yearMedian Price: $2,808,000 / $2,900,000 was the one sale over same period last yearActive: 9Absorption Rate*: 4.15 months Westwood single family homes over $5 Million Only one home sold … (0 comments)
westwood real estate: Westwood Real Estate Market Report 2011
- 01/17/12 07:06 AM
When buying or selling property in Westwood you may want to check out how the market did in 2011. Single family homes in Westwood have been split into price range. The Westwood condo market will include Wilshire Corridor condos, already the subject of a previous market report. What is Market Absorption? Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market. 6 months worth of inventory is a balanced market. Under 6 months is a sellers’ market, and anything over 6 months is a buyers’ market. The Westwood single family home market under $2 million remains … (4 comments)
Are you buying a home in the Los Angeles area? Are you selling a home? Do you know the market right now?
In a strong sellers' market like today, if you are in the process of buying a home you will need someone to help you stand out from your competition and become the successful bidder. If you are a seller the sifting through all the offers you will be receiving can be a confusing process. And especially if you are an absentee owner or out-of-town buyer that process can be extremely difficult.
That is where I excel. I am here when you cannot be and offer a personalized service which will hopefully relieve much of the stress involved in the most important transaction of your life.
Sit back, relax, and let me do the work.
Like most areas of Los Angeles, the Westwood neighborhood is suffering from low inventory, especially in the single family market. Home to UCLA, it is a desirable place to live so it will be interesting to see how Westwood real estate fared in 2013.
;)
;)
;)
