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Westwood

Westwood, the home of UCLA, which encompasses the area close to Century City, is a mix of some of the most expensive homes in the city down to apartment living.

The statistics below are taken directly from the MLS and are for single family homes.  They also don't take into consideration condos, income property and private sales.

There were 16 sales in the month of December, the highest priced south of Santa Monica Boulevard, at $2,050,000 (high for that particular area), and the lowest was $856,000 in the same neighborhood.

Sales price received versus the listing prices was 97.1%.

Average days on the market of sold properties was 25, a decrease of over 50% over last year.

Below is a breakdown of last month's activity in Westwood-Century City Real Estate:

Westwood

Westwood

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16 Comments on Westwood - Century City, California Market Report - December 2009

JAN
13
2010
1,034,170 Points 165 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Jane....another nice marketplace.....can I live and work there???? any Armenian markets in the area???
11:57am • #1
561,842 Points 54 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Barbara,  now you know I can't answer that question :)  However, just between you and me, Glendale is a mostly Armenian City.  Nice area too with a beautiful new mall.  That's new construction and I think they are having problems selling all the condos they built above it.
12:00pm • #2
422,778 Points 20 Featured Posts Localism Sponsor Called Shot Master

Hi Jane, another interesting market report - the average days on the market is amazing! There must be a huge demand for homes in Westwood.
1:27pm • #3
561,842 Points 54 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Mary,  these are just the homes that sold.  There are plenty that didn't.  But if something good and well-priced comes up in any of the good areas, then they are snapped up.  We are short on new inventory.
1:31pm • #4
193,899 Points 9 Featured Posts Hit Router

ADoM at 25 days isn't too shabby.  I guess homes are still a hot commodity in Cali.  I wouldn't mind taking a few listings there...  :)
6:05pm • #5
561,842 Points 54 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Chanda,  funnily enough, neither would I :)
6:08pm • #6
880,152 Points 210 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Our new inventory is getting a bit low as well....
6:10pm • #7
561,842 Points 54 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Celeste,  and when anything does come up it goes into multiples and over asking.
7:00pm • #8
328,565 Points 2 Featured Posts Outside Blog Attended Rain Camp

Jane, the average days on market for real estate in Westwood - Century City is amazing. I hope people there see that you know the market.
8:23pm • #9
561,842 Points 54 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jen,  thank you. This is a little misleading since this DOM stat is for the homes that sold.  It doesn't take into account the ones that didn't.  But then they are overpriced for sure.  Just shows you that if something is priced well it goes.
8:49pm • #10
215,190 Points 12 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Jane,

Those are impressive numbers, both average price per unit and DOM for those that sold.
11:01pm • #11
561,842 Points 54 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Wayne,  I know.  I am shocked when I see prices around the country.
11:53pm • #12
JAN
14
2010
805,358 Points 27 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Hi jane,

This is one of those good meat and potatoes market reports you talked about~very well done! Impressive numbers for sure!
12:40am • #13
561,842 Points 54 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Dorie,  thank you.  I am going to try and keep them up.  I must say Jeff Dowler was a motivator for this one.
12:45am • #14
781,689 Points 71 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jane good to see you have started to provide this great market information to those in your local area. I am sure it is well received.
6:49am • #15
561,842 Points 54 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Bill,  thank you kindly.  You are my market report idol :)
10:45am • #16

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Jane Peters - Los Angeles Real Estate (310-473-6919)

Los Angeles, CA

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A Los Angeles Realtor specializing in absentee owners, out-of-town buyers and those needing extra assistance with one of the most important transactions of their lives. Just sit back and relax! You are in capable hands.
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