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Jane Peters' Blog

By Jane Peters | Agent in Los Angeles, CA

Westwood Real Estate 1st Qtr 2013 Figures

Westwood real estate is still suffering from low inventory, especially in the single family market.  Let’s see how sales for the First Quarter of 2013 compare to the last Quarter of 2012.  Early 2013 was supposed to be on fire…..

Westwood single family home sales

Sold+/-Median+/-ActiveMedianPending
10 -27$1,692,500+2.89%7$2,875,00016

Westwood condo sales 

Sold+/-Median+/-ActiveMedianPending
55-18$550,000-9.74%75$1,100,00042

 

Sellers MarketBalanced MarketBuyers’ Market
Less than 5 months5 to 7 monthsMore than 7 months

Information provided by MLS/CLAW deemed accurate but not guaranteed

Westwood real estate sales are way down in both categories.  The median price is up slightly for single family sales and down for condo sales.

There are only 7 single family homes available for sale at this time which puts Westwood  into an extreme sellers’ market.  The condo market is a little more balanced but still in the sellers’ corner.

The Westwood condo market includes the Wilshire Corridor which is a unique market in itself.  The majority of Westwood condos for sale are in that market,

Previous Westwood Market Reports

Westwood Real Estate the Year in Review
Westwood Real Estate Market Report November 2012
Westwood Real Estate Market Report October 2012
Westwood Real Estate Third Quarter Market Report 2012
Westwood Real Estate Half-Yearly Market Report June 2012

Homes for sale in Westwood

 
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 call me at 310-473-6919


Read more: http://www.homejane.com/westwood-real-estate-first-quarter-2013-in-review.html#ixzz2PjdXmpC0

Comments

By Yeprem P. Davoodian, M.A.,  Sat Apr 6 2013, 23:58
THanks

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