Westwood Real Estate Market Report 2016

Let’s check in on the Westwood real estate market report for 2016 and see how it compares to the previous year.

This report includes the Wilshire Corridor which is also covered separately

Single Family

Sold: 93 –22 more than 2015.
Median Price: $2,350,418 – 6.84% over 2015.
Average Days on Market: 51 – 9 less than previous year.
Sold vs List Price:  Under 30 days 103.01%. Over 120 days 94.69%

Condos

Sold 293– 33 less than previous year.
Median Price: $815,000 – 8.67% over previous year.
Average Days on Market: 67 – 7 less than previous year.
Sold vs List Price: Under 30 days 101.30%. Over 120 days 94.21%

The Information provided by the MLS/CLAW deemed reliable but not guaranteed

Sales of single family homes were up and condos down

With inventory around 2 months for single family homes and 3 months for condos, Westwood is very much a sellers’ market.

 

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