How is the Westwood real estate market starting out this year?
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 year
Median Price: $1,278,500 / -25.23% over same period last year
Active: 14
Absorption Rate*: 3.5 months
Westwood single family homes $2 to $5 Million
Sold: 3 / +2 over same period last year
Median Price: $2,808,000 / $2,900,000 was the one sale over same period last year
Active: 9
Absorption Rate*: 4.15 months
Westwood single family homes over $5 Million
Only one home sold over the past 6 months for $10,175,000.
There are two active listings on the market , one for $14,995,000 and one for $21,000.
Average days on the market for these two homes is 76.
Westwood condos under $1 Million
Sold: 19 / +11 over same period last year
Median Price: $570,000/ +12.32 over same period last year
Active: 84
Absorption Rate*: 4.35 months
Westwood condos $1 to $2 Million
Sold: 1 / = same period last year
Price: $1,850,000 / + 42.31% over same period last year
Active: 25
Absorption Rate*: 10.14 months
Westwood condos $2 to $5 Million
Sold: 0 / = same period last year
Active: 22
Absorption Rate*: 22 months
Westwood condos over $5 Million
Active: 7
Median Price: $5,895,000
Average Days on Market: 209
*Absorption rate is the number of months it will take to sell the existing inventory, here based on the past 6 months sales. 6 months is a balanced market, below six months favors sellers, and above six months favors buyers.
Westwood single family home sales under $5 Million are pretty stable with the market favoring sellers. There is little new, good inventory. The market over $5 Million is limited.
Westwood condo sales under $1 Million is a sellers’ market. The median price is up over the same period last year. Over $1 Million Westwood home buyers should be out in force. This does include Wilshire Corridor condos, where the market is pretty sluggish.




- 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® #: 25507871
- 9712 Oak Pass Rd
- Beverly Hills CA
- $175,000,000
- 0 Bed | 0 Bath | 0 SqFt
- 35 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® #: 25497825
- 729 Bel Air Rd
- Los Angeles CA
- $120,000,000
- 9 Bed | 20 Bath | 18,784 SqFt
- 3.32 Acres
- MLS® #: 25511979
- 10936 Chalon Rd
- Los Angeles CA
- $120,000,000
- 9 Bed | 13 Bath | 14,941 SqFt
- 1.65 Acres
- MLS® #: 25520563
- 1200 Bel Air Rd
- Los Angeles CA
- $118,000,000
- 12 Bed | 17 Bath | 0 SqFt
- 2.08 Acres
- MLS® #: 24-387189
- 9904 Kip Dr
- Beverly Hills CA
- $88,000,000
- 10 Bed | 22 Bath | 24,757 SqFt
- 19.82 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® #: 25495709
- 9006 Thrasher Ave
- Los Angeles CA
- $72,500,000
- 7 Bed | 9 Bath | 13,400 SqFt
- 0.41 Acres
- MLS® #: 24-413783
- 2571 Wallingford Dr
- Beverly Hills CA
- $68,000,000
- 12 Bed | 24 Bath | 38,000 SqFt
- 5.2 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® #: 24-386085
- 107 Delfern Dr
- Los Angeles CA
- $65,000,000
- 10 Bed | 19 Bath | 21,000 SqFt
- 1.88 Acres
- MLS® #: 24-463937
- 133 S Mapleton DR
- LOS ANGELES CA
- $65,000,000
- 9 Bed | 14 Bath | 26,522 SqFt
- 1.1 Acres
- MLS® #: 24-440479
- 22368 Pacific Coast Hwy
- Malibu CA
- $65,000,000
- 9 Bed | 14 Bath | 11,074 SqFt
- 0.59 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® #: 25-486169
- 1129 Tower Rd
- Beverly Hills CA
- $60,000,000
- 7 Bed | 14 Bath | 15,000 SqFt
- 1.35 Acres
- MLS® #: SR25018859MR
- 24188 Case CT
- MALIBU CA
- $59,995,000
- 4 Bed | 5 Bath | 10,555 SqFt
- 3 Acres
- MLS® #: 24-387739
- 1525 San Vicente Blvd
- Santa Monica CA
- $59,950,000
- 7 Bed | 13 Bath | 22,640 SqFt
- 1.61 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® #: 25504805
- 684 Firth Ave
- Los Angeles CA
- $59,500,000
- 6 Bed | 10 Bath | 14,779 SqFt
- 1.93 Acres
- MLS® #: 24-468303
- 29130 Cliffside Dr
- Malibu CA
- $58,000,000
- 5 Bed | 8 Bath | 8,000 SqFt
- 1.01 Acres
- MLS® #: 25-484295
- 912 Benedict Canyon Dr
- Beverly Hills CA
- $56,900,000
- 7 Bed | 15 Bath | 17,005 SqFt
- 1.15 Acres
- MLS® #: 25-476043
- 1108 Wallace Rdg
- Beverly Hills CA
- $53,000,000
- 7 Bed | 14 Bath | 18,169 SqFt
- 0.57 Acres
- MLS® #: 25493687
- 1220 Sunset Plaza Dr
- Los Angeles CA
- $50,000,000
- 6 Bed | 7 Bath | 11,412 SqFt
- 2.3 Acres
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