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Westwood Homes for Sale 2nd Qtr 2014 Market Report

Posted by janepeters on August 1, 2014
| 0

It’s time to check in on the Westwood real estate market and see how sales are faring in the second quarter of 2014 compared with the first.

Weatwood real estate market report June 2014

 

Sold +/- Median % +/- Active Median Pending
17 +1 $1,935,000 -11.44 14 $3,100,000 16

Westwood condo sales

Sold +/- Median % +/- Active Median Pending
71 +23 $695,000 +1.46 119 $995,000 43

 

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 remained stead with the median price up over the first quarter. Inventory is, however, down.

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, 90 of the 117 listed presently. Taking away the Wilshire Corridor the Westwood condo market also has a shortage of inventory.

Previous Westwood Real Estate Market Reports

Homes for sale in Westwood

[idx-listings linkid=”167944″ count=”15″ showlargerphotos=”true”]
 

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