Westwood Homes for Sale 1st Qtr 2014 Market Report

Let’s see how the Westwood real estate market is doing so far this year compared to the same period in 2013.

 

Sold +/- Median % +/- Active Median Pending
16 +6 $2,185,000 +29.10 17 $2,795,000 10

Westwood condo sales

Sold +/- Median % +/- Active Median Pending
48 -7 $685,000 +24.55 107 $1,050,000 39

 

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

Sales of single family homes were up slightly over last year and of course the median price rose significantly. There continues a shortage of inventory.

The Westwood condo market which includes the Wilshire Corridor is balanced, mainly due to the majority of condos for sale in Westwood being on the Corridor, 86 of the 107 listed presently. Taking away the Wilshire Corridor the Westwood condo market also has a shortage of inventory.

Homes for sale in Westwood

 

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