Westwood Real Estate Third Quarter Market Report, 2012

Let’s check in on the Westwood real estate market and see how it has performed through the third quarter of 2012.

Since it is difficult to separate out the Wilshire Corridor condo market, which has its own reports, this report will cover single family homes.

Information takend from MLS/CLAW deemed reliable but not guaranteed.

Sold:  67, 20 more than in the same period last year.

Median Price:  $1,450,000 a 14.20% drop over the same period last year

Under Contract:  19

There are 20 active listings.

The median price is down and sales are up. With an average of 7.67 homes sold per month over the past 6 months, this means that it will take 2.61 months to sell the existing inventory, denoting a strong sellers’ market.

Westwood home sellers, now is still a great time to consider putting your properties on the market.

Homes for sale in Westwood