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Jane Peters' Blog

By Jane Peters | Agent in Los Angeles, CA

Westwood Homes for Sale. Market Trend

It will be interesting to see what the trend for Westwood homes for sale was over the past year and compare with the previous year.

SINGLE FAMILY HOMES

The median sold price is up 64% in January 2013 over the previous January and the median for sale price is up 22%

Only 2 homes sold in January a drop of 78%, and the number of homes under contract dropped 25%.

Westwood homes for sale per month has been dropping steadily to 54% less than January 2012.  And the number of new homes coming on the market on a monthly basis is down 47%.

Westwood homes for sale. Checking the market trend

The months supply of inventory is down 54%.

Average days on the market is strangely up 46% over January 2012, but down 56% from the high in August.

CONDO SALES

The median sold price for condos is down 13% with the median for sale price up 8%.

The number if condos sold is down 38%.  The number of condos under contract is down 21%.

Westwood condos for sale on a monthly basis has dropped 35% but is up 23% over the lowest month, December.

Westwood condos for sale. The market tremd

The months supply of inventory is down 25% over the previous January.

Average days on the market is down 30%.

The above statistics show everything in favor of the Westwood home seller.  The median condo price is down, but that could be the result of the settling of the higher end market.

Westwood homes for sale

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-homes-for-sale-lets-look-at-the-trend.html#ixzz2KdeYNG7u

Comments

By Sharon Paxson,  Tue Apr 2 2013, 07:39
Interesting comparison, and you do provide your clients with great information.
By Jane Peters,  Tue Apr 2 2013, 12:03
Thank you very much.

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