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. Â 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. Â 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




- MLS® #: 22-151323
- 33550 PACIFIC COAST HWY
- MALIBU CA
- $225,000,000
- 16 Bed | 22 Bath | 25,025 SqFt
- 4.81 Acres
- MLS® #: 23-231909
- 594 S Mapleton Dr
- Los Angeles CA
- $155,000,000
- 14 Bed | 27 Bath | 56,500 SqFt
- 4.6 Acres
- MLS® #: 22-166189
- 10721 Stradella CT
- LOS ANGELES CA
- $150,000,000
- 9 Bed | 14 Bath | 20,841 SqFt
- 1.15 Acres
- MLS® #: 22-216345
- 1200 Bel Air Rd
- Los Angeles CA
- $139,000,000
- 12 Bed | 17 Bath | 0 SqFt
- 2.08 Acres
- MLS® #: WS23036820MR
- 6300 Stephens Ranch RD
- LA VERNE CA
- $99,000,000
- Bed | 0 Bath | 0 SqFt
- 197 Acres
- MLS® #: 21-101899
- 1420 Davies Dr
- Beverly Hills CA
- $87,000,000
- 8 Bed | 14 Bath | 21,800 SqFt
- 7.8 Acres
- MLS® #: 21-791862
- 1210 Benedict Canyon Dr
- Beverly Hills CA
- $85,000,000
- 11 Bed | 16 Bath | 27,150 SqFt
- 2.69 Acres
- MLS® #: 23-239903
- 107 Delfern Dr
- Los Angeles CA
- $85,000,000
- 10 Bed | 19 Bath | 21,000 SqFt
- 1.88 Acres
- MLS® #: 23-245068
- 25142 Pacific Coast Hwy
- Malibu CA
- $75,000,000
- 7 Bed | 9 Bath | 13,126 SqFt
- 1.73 Acres
- MLS® #: 22-163315
- 2571 WALLINGFORD DR
- BEVERLY HILLS CA
- $74,995,000
- 12 Bed | 24 Bath | 38,000 SqFt
- 5.2 Acres
- MLS® #: 23-240041
- 9330 Flicker Way
- Los Angeles CA
- $72,500,000
- 9 Bed | 14 Bath | 0 SqFt
- 0.9 Acres
- MLS® #: 22-215267
- 32300 Pacific Coast Hwy
- Malibu CA
- $72,000,000
- 8 Bed | 10 Bath | 10,438 SqFt
- 2.79 Acres
- MLS® #: 23-243691
- 24186 CASE CT
- MALIBU CA
- $69,995,000
- 5 Bed | 8 Bath | 10,527 SqFt
- 2.66 Acres
- MLS® #: 23-243887
- 1525 San Vicente Blvd
- Santa Monica CA
- $69,000,000
- 7 Bed | 13 Bath | 22,640 SqFt
- 1.61 Acres
- MLS® #: 23-245455
- 41800 Pacific Coast Hwy
- Malibu CA
- $68,800,000
- 5 Bed | 7 Bath | 8,206 SqFt
- 0.83 Acres
- MLS® #: 23-230943
- 1859 Bel Air Rd
- Los Angeles CA
- $68,000,000
- 9 Bed | 13 Bath | 20,000 SqFt
- 1.39 Acres
- MLS® #: 22-167741
- 1005 N Alpine DR
- BEVERLY HILLS CA
- $65,000,000
- 4 Bed | 6 Bath | 4,351 SqFt
- 2.66 Acres
- MLS® #: 21-705644
- 133 S Mapleton DR
- LOS ANGELES CA
- $65,000,000
- 9 Bed | 14 Bath | 30,000 SqFt
- 1.1 Acres
- MLS® #: 22-174347
- 10250 W Sunset Blvd
- Los Angeles CA
- $65,000,000
- 17 Bed | 25 Bath | 29,108 SqFt
- 2.81 Acres
- MLS® #: 23-243305
- 1678 Alta Mura Rd
- Pacific Palisades CA
- $64,000,000
- 8 Bed | 14 Bath | 16,000 SqFt
- 1.08 Acres
- MLS® #: 22-216111
- 271 S Mapleton Dr
- Los Angeles CA
- $63,000,000
- 8 Bed | 12 Bath | 31,450 SqFt
- 1.4 Acres
- MLS® #: 22-183864
- 24188 Case Ct
- Malibu CA 90265
- $60,000,000
- 4 Bed | 7 Bath | 10,555 SqFt
- 3.45 Acres
- MLS® #: 23-240861
- 10697 Somma Way
- Los Angeles CA
- $59,000,000
- 8 Bed | 21 Bath | 41,000 SqFt
- 1.35 Acres
- MLS® #: SR22243495CN
- 530 S Mapleton DR
- LOS ANGELES CA
- $56,000,000
- 11 Bed | 27 Bath | 33,652 SqFt
- 1 Acres
- MLS® #: 22-208983
- 28034 Sea Lane Dr
- Malibu CA
- $55,000,000
- 3 Bed | 4 Bath | 5,507 SqFt
- 0.72 Acres
- MLS® #: 23-248967
- 470 Layton Way
- Los Angeles CA
- $52,000,000
- 8 Bed | 10 Bath | 25,000 SqFt
- 4.56 Acres
- MLS® #: 22-185169
- 277 ST PIERRE RD
- LOS ANGELES CA
- $52,000,000
- 8 Bed | 20 Bath | 36,000 SqFt
- 1.1 Acres
- MLS® #: 22-181525
- 9000 W 3rd St Penthouse
- Los Angeles CA
- $50,000,000
- 0 Bed | 0 Bath | 12,700 SqFt
- 1.29 Acres
- MLS® #: 23-237947
- 755 Sarbonne Rd
- Los Angeles CA
- $49,995,000
- 6 Bed | 10 Bath | 15,000 SqFt
- 1.04 Acres
- MLS® #: 23-237237
- 55 Beverly Park Way
- Beverly Hills CA
- $48,500,000
- 7 Bed | 12 Bath | 14,239 SqFt
- 2.79 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).