WESTWOOD REAL ESTATE AND NEIGHBORHOOD UPDATE APRIL 2019
Westwood / Little Holmby/ Bel Air /B.H.P.O
First, have you considered moving to a condo from a home? Or vice versa? Call me to see what your options are.
Most noteworthy, the above picture is from a penthouse on the Wilshire Corridor with 4 bedrooms, 5 baths, walk in closets and large bathrooms with over 5500 sq ft. Security, concierge, pool, gym and views are some of the amenities offered for just over $4.8+million. Additionally,there are several penthouses available on the WIlshire Corridor at this time.
There are several 3 bedroom condos in the $3 million range and under. There are many exciting remodels and luxury condos on the Wilshire Corridor.
Especially relevant, APRIL 2019 real estate activity is picking up. Interestingly, under $1,795,000 homes are moving!
Many of my customers live in Belair and Beverly Hills & PO. Others live in Hollywood, Culver City, Beverlywood, Rancho Park,Malibu, Santa Monica and Venice/Marina. Most noteworthy, I work in many areas but I only sent statistics for the Westwood area. I am happy to send you this data if you e mail me to send to you.
Secondly, the market is picking up with many sales in the area and new listings being sold. Since January 2019, more than 42 homes in Westwood have sold. They average in price between 1.5 and 4 million. Comparatively, a larger number of homes were sold South of Olympic to Pico. Also, more than 107 condos sold in Westwood since the beginning of the year. 41 were along the corridor. Home sales in the higher price range have slowed down a bit.
Furthermore, buyers are taking more time to look at their options. I help clients view property so they can understand value and be able to act upon a good property when it comes on the market. Additionally, we are still seeing multiple offers on well priced properties.
There are 26 Active Single family listings in all of Westwood. There are 168+ condos for sale in Westwood of which 62 are listed on the Wilshire Corridor. Additionally, contact me to have statistics mailed to you. My clients get a mailchimp blast from me every month to tell them what is happening in the neighborhood.
Especially relevant, real estate monthly data
Did you know? North of Wilshire in Little Holmby: 9 properties- 7 active listings,1 pending,1 under contract
Westwood Hills:6 properties- 4 active listings 1 under contract, 1 pending
North of Santa Monica Blvd:15 listings-9 active listings, 3 under contract, 3 pending
South of Santa Monica Blvd:21 listings- 11 active listings, 9 Under contract 1 Pending
Thirdly, LISTINGS ARE NEEDED !. It’s a great time to sell, so let’s get your home ready for market together. Hence, there are still more buyers than inventory to sell.
EFFECTIVE JULY 1,2019 RENT INCREASES CITY OF LOS ANGELES RAISED UP to 4%Many buyers and sellers in Little Holmby are unaware that there are many houses under CC&R’s . If you are thinking of selling or buying you need to review this.Did you know? Has the microwave met its match? The biggest money-making kitchen feature was the steam oven, wall ovens that pump in steam to cook food in a healthier manner. Comparatively, these netted a 34% sales premium, higher than any other feature. (Marketwatch)
Additionally, are you looking to relocate? I work with clients who are downsizing, up sizing, finding a first home, or their next. Through this experience specializing in these neighborhoods, I have gained extensive knowledge about local schools, remodeling projects, transition, and moving issues.