Westlake Real Estate Market Extends Weakness in Price Cuts

This week in the Westlake market, sales fell to 15 homes sold over the last 30 days, coinciding with a budding downward trend in price reductions, with 15 in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price climbed to $552,000 over the latest reporting period for Westlake, up from $500,000. With decreasing sales and the availability of eight months of inventory, Westlake is a strong buyer's market.

Being aware of new listings is a great exercise in finding the right home so take a look at these in Westlake:

$949K   $619K   $329K  

Get started right now by checking out Westlake homes for sale or reviewing Westlake real estate trends.

Demographic facts for Westlake:

  • There are 8.0% vacant homes here.
  • Average number of sunny days is 292 per year. (U.S. average: 205)
  • The student per librarian ratio in this area is 4,412:1. (803:1 = national average)

Data reported through 10/13/2016

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Keller Williams Realty Los Feliz
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New Star Realty
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Abe Chang
Snapped 9 homes in this area

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