Westwood Real Estate 3rd Quarter Market Report 2012

By
Real Estate Agent with Power Brokers Int'l BRE# 01439865

Let’s check in on the Westwood real estate market and see how it has performed through the third quarter of 2012.

Since it is difficult to separate out the Wilshire Corridor condo market, which has its own reports, this report will cover single family homes.

Westwood Real Estate Market Report 3rd Qtr 2012

Information takend from MLS/CLAW deemed reliable but not guaranteed.

Sold:  67, 20 more than in the same period last year.

Median Price:  $1,450,000 a 14.20% drop over the same period last year

Under Contract:  19

There are 20 active listings.

The median price is down and sales are up. With an average of 7.67 homes sold per month over the past 6 months, this means that it will take 2.61 months to sell the existing inventory, denoting a strong sellers’ market.

Westwood home sellers, now is still a great time to consider putting your properties on the market.

Homes for sale in Westwood

Showing properties 1 - 20 of 20. See more Westwood Single Family for Sale
(all data current as of 10/7/2012)

  1. Photo of 10539 LINDBROOK DR, Los Angeles, CA 90024 (MLS # 12628341)
    3 beds, 3.0 baths
    Home size: 2,845 sq ft
    Lot size: 10,017 sqft
    Year built: 1951
    Parking spots: 4
    Days on market: 3
     
  2. Photo of 1291 WOODRUFF AVE, Los Angeles, CA 90024 (MLS # 12627991)
    5 beds, 4 full baths
    Home size: 2,790 sq ft
    Lot size: 7,435 sqft
    Year built: 1936
    Days on market: 5
     
  3. Photo of 10507 EASTBORNE AVE, Los Angeles, CA 90024 (MLS # 12627827)
    3 beds, 3 full baths
    Home size: 2,108 sq ft
    Lot size: 6,500 sqft
    Year built: 1930
    Days on market: 6
     
  4. Photo of 10401 WYTON DR, Los Angeles, CA 90024 (MLS # 12627537)
    9 beds, 7.5 baths
    Home size: 7,371 sq ft
    Lot size: 21,214 sqft
    Year built: 1934
    Parking spots: 5
    Days on market: 7
     
  5. Photo of 1730 ENSLEY AVE, Los Angeles, CA 90024 (MLS # 12626627)
    3 beds, 2 full baths
    Home size: 2,194 sq ft
    Lot size: 6,500 sqft
    Year built: 1936
    Days on market: 12
     
  6. Photo of 1343 THAYER AVE, Los Angeles, CA 90024 (MLS # 12626221)
    3 beds, 2.0 baths
    Lot size: 7,521 sqft
    Year built: 1925
    Parking spots: 2
    Days on market: 14
     
  7. Photo of 1676 FAIRBURN AVE, Los Angeles, CA 90024 (MLS # 12626123)
    4 beds, 3.0 baths
    Home size: 2,500 sq ft
    Lot size: 6,323 sqft
    Year built: 1950
    Days on market: 14
     
  8. Photo of 1660 PANDORA AVE, Los Angeles, CA 90024 (MLS # 12622085)
    3 beds, 1 full, 1 part baths
    Home size: 1,777 sq ft
    Lot size: 6,668 sqft
    Year built: 1939
    Days on market: 37
     
  9. Photo of 435 LEVERING AVE, Los Angeles, CA 90024 (MLS # 12621403)
    3 beds, 2 full baths
    Home size: 2,335 sq ft
    Lot size: 6,759 sqft
    Year built: 1937
    Parking spots: 2
    Days on market: 41
     
  10. Photo of 830 BIRCHWOOD DR, Los Angeles, CA 90024 (MLS # 12617333)
    5 beds, 7.0 baths
    Home size: 9,593 sq ft
    Lot size: 1.07 ac
    Year built: 1929
    Parking spots: 7
    Days on market: 63
     
  11. Photo of 808 GLENMONT AVE, Los Angeles, CA 90024 (MLS # 12615479)
    4 beds, 4 full, 1 part baths
    Home size: 3,617 sq ft
    Lot size: 9,007 sqft
    Year built: 1928
    Parking spots: 4
    Days on market: 73
     
  12. Photo of 344 DALEHURST AVE, Los Angeles, CA 90024 (MLS # 12615455)
    4 beds, 4.0 baths
    Home size: 3,114 sq ft
    Lot size: 9,233 sqft
    Year built: 1940
    Parking spots: 3
    Days on market: 73
     
  13. Photo of 10723 LE CONTE AVE, Los Angeles, CA 90024 (MLS # 12613859)
    6 beds, 6.0 baths
    Home size: 6,579 sq ft
    Lot size: 7,655 sqft
    Year built: 2004
    Parking spots: 4
    Days on market: 81
     
  14. Photo of 868 BIRCHWOOD DR, Los Angeles, CA 90024 (MLS # 12612619)
    4 beds, 3 full, 2 part baths
    Home size: 6,167 sq ft
    Lot size: 22,925 sqft
    Year built: 1932
    Parking spots: 6
    Days on market: 87
     
  15. Photo of 330 S MAPLETON DR, Los Angeles, CA 90024 (MLS # 12610171)
    6 beds, 7 full, 7 part baths
    Home size: 27,816 sq ft
    Lot size: 1.18 ac
    Year built: 1993
    Parking spots: 15
    Days on market: 98
     
  16. Photo of 10573 LE CONTE AVE, Los Angeles, CA 90024 (MLS # 12603205)
    6 beds, 5.0 baths
    Home size: 6,429 sq ft
    Lot size: 13,372 sqft
    Year built: 1940
    Days on market: 132
     
  17. Photo of 542 WARNER AVE, Los Angeles, CA 90024 (MLS # 12600635)
    4 beds, 3.5 baths
    Home size: 3,153 sq ft
    Lot size: 9,626 sqft
    Year built: 1936
    Parking spots: 2
    Days on market: 145
     
  18. Photo of 765 Westholme Avenue, Los Angeles, CA 90024 (MLS # S12053351)
    6 beds, 5 full, 1 part baths
    Home size: 5,655 sq ft
    Lot size: 8,121 sqft
    Year built: 2009
    Parking spots: 2
    Days on market: 164
     
  19. Photo of 10224 CHARING CROSS RD, Los Angeles, CA 90024 (MLS # 12574941)
    7 beds, 10.0 baths
    Home size: 9,632 sq ft
    Lot size: 1.49 ac
    Year built: 1932
    Parking spots: 7
    Days on market: 270
     
  20. Photo of 601 WOODRUFF AVE, Los Angeles, CA 90024 (MLS # 12574515)
    6 beds, 7.5 baths
    Home size: 5,533 sq ft
    Lot size: 16,944 sqft
    Year built: 1938
    Days on market: 272
     

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.



Read more: http://www.homejane.com/westwood-real-estate-third-quarter-market-report-2012.html#ixzz28ez6kKZd

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the printer to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Real Estate General Information
Location:
California Los Angeles County Los Angeles Westwood
Groups:
Market Reports
Tags:
westwood housing market report
westwood homes for sale
westwood real estate

Comments 9 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the sunglasses to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
1,372,498
Rebecca Gaujot, RealtorĀ®
Lewisburg WV Real Estate, Greenbrier County
Coldwell Banker Stuart & Watts Real Estate

Jane, WOW the listings in this post are beautiful and all in the millions...but that one at $26M is something we don't see in my area :)

October 07, 2012 06:34 PM
Ambassador
1,090,478
Melissa Zavala
Broker, Escondido Real Estate, San Diego County
Broadpoint Properties
I love that you have the latest listings at the bottom. I am drooling over the flooring on the Levering street listing, but fear that I do not need a property in LA right now.
October 07, 2012 06:36 PM
Rainmaker
882,499
Jane Peters
Connecting you to the L.A. real estate scene
Power Brokers Int'l

Rebecca,  well they are sporadic here too :)

Melissa,  come on.  You know you want one.

October 07, 2012 06:46 PM
Ambassador
1,235,385
Kathleen Daniels
San Jose Homes for Sale - Probate Specialist
KD Realty - 408.972.1822

Jane, This is a detailed 3rd quarter Westwood real estate market report. So many beautiful homes ... what a nice market to work in.  This is a classic example of how real estate is local.  I am surprised to see the 14.20% decrease from last year in the median price of Westwood homes.

October 08, 2012 07:32 AM
Rainmaker
882,499
Jane Peters
Connecting you to the L.A. real estate scene
Power Brokers Int'l

Kathleen, and this will continue to rise due to the extreme shortage of inventory.  Thanks for coming by :)

October 08, 2012 10:05 AM
Rainmaker
349,144
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana

Jane, you have a great market report for anyone looking to buy into Westwood real estate for single family homes.  I keep reading about you saying the market is tight with limited inventory and your 2.6 month supply of homes supports that.  WOW!!!  Best wishes for some buyers or a new listing from this post!

October 08, 2012 09:55 PM
Ambassador
1,860,709
Judi K Barrett
Broker/Owner, Integrity Real Estate Services -IDAB
Judi Barrett~Integrity Real Estate Services~Idabel, Oklahoma

Jane, I love this presentation with both the stats and some homes presented for sale.  

October 09, 2012 04:49 AM
Rainmaker
716,175
Larry Brewer
Nashville Real Estate
Benchmark Realty LLc

These Westwood homes are beautiful, and it's hard to believe that they median price is down from last year, somebody is going to get a great deal if they move fast.

October 09, 2012 07:02 AM
Rainmaker
882,499
Jane Peters
Connecting you to the L.A. real estate scene
Power Brokers Int'l

Bruce,  would love to see some sellers come onboard :)

Judi,  thank you.

Larry, if they can find anything :)

October 09, 2012 10:54 AM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the eye to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
882,499

Jane Peters

Connecting you to the L.A. real estate scene
Need help with your Los Angeles real estate needs?
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the leaf to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

" style="overflow:hidden;" seamless scrolling="no" id="custom-widget-content" onload="resizeIframe()">Your browser does not support iframe.