Tue Oct 20 2020
This week the median list price for Los Angeles, CA 90024 - Westwood is $3,995,000 with the market action index hovering around 44. This is an increase over last month's market action index of 39. Inventory has held steady at or around 21.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$3,995,000|
|Per Square Foot||$1,104|
|Days on Market||64|
|Slight Seller's Advantage|
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$9,000,000||8,149||0.5 - 1 acre||5||8||29||0||0||67|
|$4,495,000||4,225||0.25 - 0.5 acre||5||5||80||1||1||56|
|$3,300,000||3,395||8,000 - 10,000 sqft||4||4||89||0||1||74|
|$2,247,500||2,085||6,500 - 8,000 sqft||3||2||84||3||1||59|