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
- MLS® #: 24-351655
- 1116 Chantilly Rd
- Los Angeles CA
- $29,995,000
- 10 Bed | 16 Bath | 18,500 SqFt
- 0.69 Acres
- MLS® #: 22-213107
- 1100 Bel Air Rd
- Los Angeles CA
- $29,995,000
- Bed | 0 Bath | 0 SqFt
- 4.58 Acres
- MLS® #: 23-301225
- 9669 Oak Pass Rd
- Beverly Hills CA
- $29,950,000
- 8 Bed | 13 Bath | 16,900 SqFt
- 2 Acres
- MLS® #: 24-375983
- 1055 Stradella Rd
- Los Angeles CA
- $29,950,000
- 6 Bed | 11 Bath | 13,600 SqFt
- 0.61 Acres
- MLS® #: 23-334665
- 31555 Pacific Coast Hwy
- Malibu CA
- $29,900,000
- 7 Bed | 13 Bath | 12,000 SqFt
- 7.13 Acres
- MLS® #: 23-302193
- 111 N Mapleton Dr
- Los Angeles CA
- $29,900,000
- 7 Bed | 13 Bath | 14,259 SqFt
- 1.32 Acres
- MLS® #: 24-381351
- 30601 Morning View Dr
- Malibu CA
- $29,800,000
- Bed | 0 Bath | 0 SqFt
- 5.35 Acres
- MLS® #: 24-351529
- 5900 Bonsall Dr
- Malibu CA
- $29,500,000
- 5 Bed | 6 Bath | 7,200 SqFt
- 4 Acres
- MLS® #: 24-376657
- 9705 Oak Pass Rd
- Beverly Hills CA
- $29,500,000
- 7 Bed | 9 Bath | 8,829 SqFt
- 0.58 Acres
- MLS® #: 24-391115
- 5287 Round Meadow Rd
- Hidden Hills CA
- $28,998,000
- 7 Bed | 11 Bath | 16,329 SqFt
- 1.2 Acres
- MLS® #: 24-345587
- 1200 Club View Dr 22
- Los Angeles CA
- $28,950,000
- 4 Bed | 7 Bath | 7,976 SqFt
- 0.57 Acres
- MLS® #: 24-363095
- 545 Chalette Dr
- Beverly Hills CA
- $28,950,000
- 6 Bed | 8 Bath | 10,274 SqFt
- 0.46 Acres
- MLS® #: 23-339263
- 9463 Sunset Blvd
- Beverly Hills CA
- $28,900,000
- 5 Bed | 6 Bath | 7,029 SqFt
- 1.6 Acres
- MLS® #: 24-371965
- 25365 Prado De La Felicidad
- Calabasas CA
- $28,750,000
- 7 Bed | 10 Bath | 16,850 SqFt
- 1.11 Acres
- MLS® #: 23-329165
- 6889 Dume Dr
- Malibu CA
- $28,500,000
- 6 Bed | 8 Bath | 8,500 SqFt
- 2.14 Acres
- MLS® #: 24-388413
- 783 Bel Air Rd
- Los Angeles CA
- $27,950,000
- Bed | 0 Bath | 0 SqFt
- 1.41 Acres
- MLS® #: 23-292717
- 1940 Bel Air Rd
- Los Angeles CA
- $27,900,000
- 8 Bed | 15 Bath | 17,013 SqFt
- 0.59 Acres
- MLS® #: 24-388675
- 13187 Chalon Rd
- Los Angeles CA
- $27,688,000
- 7 Bed | 9 Bath | 14,000 SqFt
- 1.31 Acres
- MLS® #: 23-292983
- 788 Tortuoso Way
- Bel Air CA
- $27,000,000
- Bed | 0 Bath | 0 SqFt
- 2.97 Acres
- MLS® #: 22-181525
- 9000 W 3rd St Penthouse
- Los Angeles CA
- $27,000,000
- 0 Bed | 0 Bath | 12,700 SqFt
- 1.29 Acres
- MLS® #: 24-386149
- 141 N Bentley Ave
- Los Angeles CA
- $26,995,000
- 7 Bed | 10 Bath | 9,040 SqFt
- 0.68 Acres
- MLS® #: 23-327461
- 14330 W Sunset Blvd
- Pacific Palisades CA
- $26,995,000
- 7 Bed | 13 Bath | 15,100 SqFt
- 1 Acres
- MLS® #: 23-342069
- 1375 N Doheny Dr
- Los Angeles CA
- $26,995,000
- 5 Bed | 9 Bath | 10,613 SqFt
- 0.4 Acres
- MLS® #: 24-369809
- 362 Copa De Oro Rd
- Los Angeles CA
- $26,985,000
- 6 Bed | 9 Bath | 11,664 SqFt
- 1.81 Acres
- MLS® #: 24-380263
- 4750 Encino Ave
- Encino CA
- $26,500,000
- 12 Bed | 13 Bath | 0 SqFt
- 1.48 Acres
- MLS® #: 24-356053
- 3314 Serra Rd
- Malibu CA
- $26,000,000
- 6 Bed | 9 Bath | 11,358 SqFt
- 3.93 Acres
- MLS® #: 24-375613
- 499 Halvern Dr
- Los Angeles CA
- $26,000,000
- 8 Bed | 16 Bath | 12,800 SqFt
- 0.86 Acres
- MLS® #: 24-368931
- 11865 Ellice St
- Malibu CA
- $25,995,000
- 6 Bed | 9 Bath | 14,429 SqFt
- 2.48 Acres
- MLS® #: AR23230008MR
- 3035 San Gabriel BLVD
- ROSEMEAD CA
- $25,888,000
- Bed | 0 Bath | 0 SqFt
- 5 Acres
- MLS® #: SB24055932MR
- 1800 The Strand
- MANHATTAN BEACH CA
- $25,000,000
- 5 Bed | 6 Bath | 5,329 SqFt
- 0 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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