Contracts Low in Westwood Real Estate Market

The Westwood market seems to be nearing a bottom, as the number of contracts executed fell to 15, the lowest levels since January. Meanwhile, sales came in at 38 homes sold over the last 30 days. In comparison, the Mid City neighborhood had 46 contracts executed in the same time frame, the most of all close-by neighborhoods. The median sales price in Westwood jumped to $1,097,500 while months of inventory was flat at four.

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$535K   $949K   $2M  

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Demographic facts about Westwood:

  • The affordability rating is 23. (Scale: 1 = Worst, 100 = Best)
  • The area gets an average of 17.4 inches of rain each year. (U.S. average: 36.5)
  • The income per capita in this area is $43,425.
  • The area's school rating is 83. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Keller Williams Realty Los Feliz
3 reviews
Keller Williams-Santa Monica
Snapped 4 homes in this area
Sotheby's International Realty
Snapped 1 home in this area

Agents that specialize in this area
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