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: Â 6 / +3 over same period last year
Median Price: Â $1,278,500 / -25.23% over same period last year
Active: Â 14
Absorption Rate*: Â 3.5 months
Westwood single family homes $2 to $5 Million
Sold: Â 3 / +2 over same period last year
Median Price: Â $2,808,000 / $2,900,000 was the one sale over same period last year
Active: Â 9
Absorption Rate*: Â 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: Â 19 / +11 over same period last year
Median Price: Â $570,000/ +12.32 over same period last year
Active: Â 84
Absorption Rate*: Â 4.35 months
Westwood condos $1 to $2 Million
Sold: Â 1 / = same period last year
Price: Â $1,850,000 / + 42.31% over same period last year
Active: Â 25
Absorption Rate*: Â 10.14 months
Westwood condos $2 to $5 Million
Sold: Â 0 / = same period last year
Active: Â 22
Absorption Rate*: Â 22 months
Westwood condos over $5 Million
Active: Â 7
Median Price: Â $5,895,000
Average Days on Market: Â 209
*Absorption rate is the number of months it will take to sell the existing inventory, here based on the past 6 months sales. Â 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® #: 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® #: 22-174347
- 10250 W Sunset Blvd
- Los Angeles CA
- $65,000,000
- 17 Bed | 25 Bath | 29,108 SqFt
- 2.81 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® #: 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
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