WESTWOOD, CA 90024 LATEST REAL ESTATE SALES DATA AND TRENDS
Single Family Residence-SFR Westwood, 90024 Sales Activity and Latest Real Estate Data
WESTWOOD SFR SALES DATA AND LATEST REAL ESTATE ACTIVITY
In the current week, the median list price for properties in Los Angeles, CA 90024 (Westwood) is $4,095,000. Currently, there are 16 available properties, reflecting a decrease in inventory. Recent weeks have witnessed a mild cooling of the market, attributed to increased available homes and decreased demand. Consequently, this shift has led to a decline in prices.
The increase in interest rates has prompted certain buyers to adopt a more cautious "wait and see" stance towards the market.
Westwood, CA-90024-Most Recent Sold SFR-Single Family Residence Data
Homes priced between 2 million and 4 million dollars are the sweet spot for home buyers in Westwood. Properties falling within this price range tend to be in high demand and typically sell quite swiftly, often within a month or less.
Recently, prices within this zip code have exhibited a declining trend. Although relatively stable, this week fails to deviate from this ongoing pattern.
Westwood Condo Sales and Activity Latest Real Estate Data
Condo Sales and Date Most Recent Westwood, CA 90024
This week, the median list price for properties in Los Angeles, CA 90024 - Westwood is $1,599,996. The inventory has seen an uptick, reaching 99 properties.
The market has been undergoing a gradual cooling trend, leading to a period of price stabilization. Despite the consistent decline in the Market Action Index (MAI), the overall market conditions still favor sellers. This suggests sellers maintain an advantageous position in the current real estate landscape despite the cooling trend.
Westwood, Ca 90024 Condo sales data and price per square foot, date on the market,
In Westwood, patience plays a pivotal role, especially in condos. These properties often spend considerable time on the market before finding a buyer. Condos priced up to $1.3 million tend to sell within an average of 42 days, whereas those at higher price points take around 3 to 4 months to secure a sale.
Set the right price for your home from the start, present it in the best possible light, choose the right realtor, and maintain confidence. Remember, the market is in your favor, despite any baseless concerns and uncertainties from the media.
Conclusion:
Discover the latest insights into the Westwood, 90024 real estate market with a comprehensive overview of sales activity and property trends. From median list prices to inventory shifts, our data provides a clear picture of the current dynamics. Understanding the market can empower your decisions and strategies, whether you're selling or buying.