The Westwood neighborhood of Los Angeles is covered by the 90024 zip code and is the home of U.C.L.A. and the upscale Wilshire Corridor, the latter making up the majority of the condo statistics below.
There is a heavy concentration of apartments, condos, and commercial properties in Westwood, mostly south of Wilshire Blvd., with the exception of Westwood Village. North of Wilshire is mostly more expensive single family housing.
Let’s check out the market for the month of October:
OCTOBER SINGLE FAMILY MARKET REPORT |
# Homes | List/Sales Price | ||
For sale | 15 | $1,049,000 to $26,000,000 | |
Under contract | 15 | $994,300 to $3,995,000 | |
Sold | 14 | $1,110,000 to $3,350,000 | |
October sold median price | $1,775,000 |
COMPARISON TO SEPTEMBER |
For sale | +6 | |
Under contract | +8 | |
Sold | +8 | |
Sold median price | +36.80% |
MARKET ABSORPTION |
Market history | 1 month | 3 months | 6 months | 12 months |
Closed transactions | 20 | 70 | 138 | 282 |
Average sold per month | 20.00 | 23.33 | 23.00 | 23,50 |
Homes currently for sale | 84 | 84 | 84 | 84 |
Months supply on the market | 1.1 | 1.7 | 1.8 | 1.9 |
WESTWOOD SINGLE FAMILY HOMES A SELLERS’ MARKET |
Less than 5 months | 5-7 months | More than 7 months |
Sellers’ market | Balanced market | Buyers’ market |
The number of single family homes sold in October was up by 8 over the previous month, and the sold median price shot up by 37.8% from $1,297,500 to $1,775,000.
The median price of homes listed for sale in October is $1,78,500, but the median price of all active listings is $1,975,000.
With inventory this low, Westwood is an extreme sellers’ market.
OCTOBER CONDO MARKET REPORT |
# Homes | List/Sales Price | ||
Condos for sale | 84 | $175,000 to $11,995,000 | |
Condos under contract | 51 | $279,000 to $2,950,000 | |
Condos sold | 20 | $320,000 to $6,550,000 | |
October sold median price | $557,200 |
COMPARISON TO SEPTEMBER |
For sale | +19 | |
Under contract | +25 | |
Sold | -1 | |
Sold median price | +2.71% |
MARKET ABSORPTION |
Market history | 1 month | 3 months | 6 months | 12 months |
Closed transactions | 20 | 70 | 138 | 282 |
Average sold per month | 20.00 | 23.33 | 23.00 | 23,50 |
Homes currently for sale | 84 | 84 | 84 | 84 |
Months supply on the market | 4.2 | 3.6 | 3.7 | 3.6 |
WESTWOOD CONDOS A SELLERS’ MARKET |
Westwood condo sales are down by 1 over September, but the median prices is up $2.71% from $542,500 to $557,200.Homes listed for sale in October have a median price of $749,000, but the overall median price is $787,500.The Westwood condo market is a seller’s market, the bulk of the inventory sitting on the higher priced
Wilshire Corridor.Westwood homes for sale
(Samples below)
- MLS® #: 23-318145
- 1362 Bella Oceana Vis
- Pacific Palisades CA
- $29,995,000
- 6 Bed | 12 Bath | 12,900 SqFt
- 0.85 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® #: 24-376657
- 9705 Oak Pass Rd
- Beverly Hills CA
- $29,500,000
- 7 Bed | 9 Bath | 8,829 SqFt
- 0.58 Acres
- MLS® #: 24-351529
- 5900 Bonsall Dr
- Malibu CA
- $29,500,000
- 5 Bed | 6 Bath | 7,200 SqFt
- 4 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® #: 24-363095
- 545 Chalette Dr
- Beverly Hills CA
- $28,950,000
- 6 Bed | 8 Bath | 10,274 SqFt
- 0.46 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® #: 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® #: 23-342069
- 1375 N Doheny Dr
- Los Angeles CA
- $26,995,000
- 5 Bed | 9 Bath | 10,613 SqFt
- 0.4 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® #: 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® #: 24-375613
- 499 Halvern Dr
- Los Angeles CA
- $26,000,000
- 8 Bed | 16 Bath | 12,800 SqFt
- 0.86 Acres
- MLS® #: 24-356053
- 3314 Serra Rd
- Malibu CA
- $26,000,000
- 6 Bed | 9 Bath | 11,358 SqFt
- 3.93 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® #: SB24031051MR
- 3216 The Strand
- MANHATTAN BEACH CA
- $25,000,000
- 5 Bed | 8 Bath | 7,454 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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