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 a sellers’ market. Inventory is low, and the median price is creeping up. If priced right, a Westwood home seller in the under $2 million range can expect a reasonable fast sale. Buyers are always looking for good new inventory.
With only 5 active listings, the sellers of Westwood homes between $2-5M can expect a fast sale, with little difference over 2010’s figures.
The Westwood luxury housing market, homes over $5M definitely favors those buyers willing to take a plunge. There were actually 4 homes sold over the past 3 months to one year, but it has been eliminated from the report in order not to skew the figures too much. That was the Candy Spelling mansion which sold for $85M at 50% of the listing price.
The Westwood condo market has moved slightly towards a sellers’ market and is fairly healthy. The median price is down some, but number of sales and price per sq. ft. is up.
Homes for sale in Westwood
Single Family
Condo
Rental
Land
- MLS® #: 25497697
- 607 Siena Way
- Bel Air CA
- $177,000,000
- 8 Bed | 25 Bath | 35,000 SqFt
- 1.22 Acres
- MLS® #: 24-449959
- 1261 Angelo Dr
- Beverly Hills CA
- $175,000,000
- 16 Bed | 27 Bath | 50,000 SqFt
- 6.03 Acres
- MLS® #: 25516441
- 10644 Bellagio Rd
- Los Angeles CA
- $175,000,000
- 7 Bed | 20 Bath | 0 SqFt
- 8.4 Acres
- MLS® #: 23-231909
- 594 S Mapleton Dr
- Los Angeles CA
- $137,500,000
- 14 Bed | 27 Bath | 56,500 SqFt
- 4.6 Acres
- MLS® #: 23-321859
- 9505 Gloaming
- Beverly Hills CA
- $126,000,000
- 8 Bed | 20 Bath | 30,610 SqFt
- 2.19 Acres
- MLS® #: 25511979
- 10936 Chalon Rd
- Los Angeles CA
- $120,000,000
- 9 Bed | 13 Bath | 14,941 SqFt
- 1.65 Acres
- MLS® #: 25497825
- 729 Bel Air Rd
- Los Angeles CA
- $120,000,000
- 9 Bed | 20 Bath | 18,784 SqFt
- 3.32 Acres
- MLS® #: 25520563
- 1200 Bel Air Rd
- Los Angeles CA
- $118,000,000
- 12 Bed | 17 Bath | 0 SqFt
- 2.08 Acres
- MLS® #: SR25073545MR
- 31583 Pacific Coast Highway
- MALIBU CA
- $84,950,000
- 6 Bed | 9 Bath | 11,500 SqFt
- 4 Acres
- MLS® #: 24-412907
- 1420 Davies Dr
- Beverly Hills CA
- $77,000,000
- 8 Bed | 14 Bath | 21,800 SqFt
- 7.8 Acres
- MLS® #: 25-482497
- 1210 Benedict Canyon Dr
- Beverly Hills CA
- $75,000,000
- 11 Bed | 20 Bath | 27,000 SqFt
- 2.69 Acres
- MLS® #: 25508633
- 71 Beverly Park
- Beverly Hills CA
- $68,000,000
- 12 Bed | 20 Bath | 30,500 SqFt
- 6.14 Acres
- MLS® #: 25520565
- 9330 Flicker Way
- Los Angeles CA
- $68,000,000
- 9 Bed | 14 Bath | 0 SqFt
- 0.9 Acres
- MLS® #: 24-440479
- 22368 Pacific Coast Hwy
- Malibu CA
- $65,000,000
- 9 Bed | 14 Bath | 11,074 SqFt
- 0.59 Acres
- MLS® #: 24-386085
- 107 Delfern Dr
- Los Angeles CA
- $65,000,000
- 10 Bed | 19 Bath | 21,000 SqFt
- 1.88 Acres
- MLS® #: 25494997
- 9214 Nightingale Dr
- West Hollywood CA
- $63,000,000
- 5 Bed | 7 Bath | 13,870 SqFt
- 0.52 Acres
- MLS® #: 24-437007
- 200 S Mapleton Dr
- Los Angeles CA
- $61,500,000
- 10 Bed | 13 Bath | 17,000 SqFt
- 1.3 Acres
- MLS® #: 25536281
- 1101 Bel Air Pl
- Los Angeles CA
- $59,995,000
- 5 Bed | 17 Bath | 24,920 SqFt
- 2.33 Acres
- MLS® #: 24-413783
- 2571 Wallingford Dr
- Beverly Hills CA
- $59,950,000
- 12 Bed | 24 Bath | 38,000 SqFt
- 5.2 Acres
- MLS® #: 24-463937
- 133 S Mapleton DR
- LOS ANGELES CA
- $59,900,000
- 9 Bed | 14 Bath | 26,522 SqFt
- 1.1 Acres
- MLS® #: 25-483555
- 616 N Beverly Dr
- Beverly Hills CA
- $59,500,000
- 7 Bed | 14 Bath | 20,520 SqFt
- 0.91 Acres
- MLS® #: 24-468303
- 29130 Cliffside Dr
- Malibu CA
- $58,000,000
- 5 Bed | 8 Bath | 8,000 SqFt
- 1.01 Acres
- MLS® #: 25521973
- 1005 N Alpine Dr
- Beverly Hills CA
- $55,000,000
- 4 Bed | 6 Bath | 4,351 SqFt
- 2.66 Acres
- MLS® #: 25538697
- 1129 Tower Rd
- Beverly Hills CA
- $55,000,000
- 7 Bed | 14 Bath | 15,000 SqFt
- 1.35 Acres
- MLS® #: 25-476043
- 1108 Wallace Rdg
- Beverly Hills CA
- $53,000,000
- 7 Bed | 14 Bath | 18,169 SqFt
- 0.57 Acres
- MLS® #: 25499293
- 28820 Cliffside Dr
- Malibu CA
- $50,000,000
- 4 Bed | 7 Bath | 8,632 SqFt
- 1.37 Acres
- MLS® #: 25540667
- 684 Firth Ave
- Los Angeles CA
- $49,999,999
- 6 Bed | 10 Bath | 0 SqFt
- 1.93 Acres
- MLS® #: 25517025
- 10066 Cielo Dr
- Beverly Hills CA
- $49,995,000
- 9 Bed | 18 Bath | 21,000 SqFt
- 3.6 Acres
- MLS® #: 25531613
- 12705 Chalon Rd
- Los Angeles CA
- $49,500,000
- 7 Bed | 11 Bath | 11,449 SqFt
- 2.47 Acres
- MLS® #: 25496269
- 2930 Sweetwater Mesa Rd
- Malibu CA
- $48,000,000
- 6 Bed | 11 Bath | 10,057 SqFt
- 35.32 Acres
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).
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