Westwood real estate is still suffering from low inventory, especially in the single family market. Let’s see how sales for the First Quarter of 2013 compare to the last Quarter of 2012. Early 2013 was supposed to be on fire…..
Westwood single family home sales
Westwood condo sales
|Sellers Market||Balanced Market||Buyers’ Market|
|Less than 5 months||5 to 7 months||More than 7 months|
Information provided by MLS/CLAW deemed accurate but not guaranteed
Westwood real estate sales are way down in both categories. The median price is up slightly for single family sales and down for condo sales.
There are only 7 single family homes available for sale at this time which puts Westwood into an extreme sellers’ market. The condo market is a little more balanced but still in the sellers’ corner.
The Westwood condo market includes the Wilshire Corridor which is a unique market in itself. The majority of Westwood condos for sale are in that market,
Previous Westwood Market Reports
Westwood Real Estate the Year in Review
Westwood Real Estate Market Report November 2012
Westwood Real Estate Market Report October 2012
Westwood Real Estate Third Quarter Market Report 2012
Westwood Real Estate Half-Yearly Market Report June 2012