The Westwood Real Estate Market Blog

What Did 1935 Fairburn Sell For In Westwood?

2013-05-25T08:12:00.000-07:00

What Did That Westwood Home Sell For?

The Westwood home at 1935 Fairburn Ave, LA CA 90025 lasted about 18 days on the market before accepting an offer on 4/22/13. This home last sold in 2006, as a new construction home, for $2,050,000. And as a teardown before that in 2004 for $976,000. Situated on a desirable street location south of Santa Monica, this newer construction home is nicely finished throughout and of course in move-in condition. With 4 bedrooms up and 1 bedroom down, this is often the most desirable mix for a family with children. This keeps most of the kids on the same floor as the parents and still allows the option for someone that doesn't want to deal with stairs to be able to sleep downstairs. Only downside to this house was the smaller rear yard that isn't flat.
On 5/21/13, 1935 Fairburn Ave closed for $2,225,000 |$721 $/sf|. According to the MLS, the home is a 3 bedroom / 1.75 bath, 1,631 sf of living space on a 6,070 sf lot.

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What Did 1960 Bentley Ave Sell For In Westwood?

2013-05-24T18:00:00.001-07:00

What Did That Westwood Home Sell For?

The Westwood home at 1960 Bentley Ave, LA CA 90025 lasted about 13 days on the market before accepting an offer on 4/22/13. This was a nicely updated 30's Spanish home that is completely move in ready. Price something under $1 million in Westwood that is move in condition, it doesn't matter how big, will sell on day 1. The owner had previously tried to sell this home back in 2011 for mid $800's and after a price reduction and 55 days on the market, they opted to lease out for $3,500 per month. With the market now stronger, this sold way above asking in the $900s in just a few days.
On 5/23/13, 1960 Bentley Ave closed 10% over the asking price at $914,000 |$787 $/sf|. According to the MLS, the home is a 2 bedroom / 1 bath, 1,162 sf of living space on a 4,961 sf lot.

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What Did That Westwood Little Holmby Home Sell For At 10798 Weyburn Ave

2013-05-24T17:53:00.000-07:00

What Did That Westwood Little Holmby Home Sell For?

The Westwood Little Holmby home at 10798 Weyburn Ave, LA CA 90024 lasted about 12 days on the market before accepting an offer on 4/22/13. This traditional home on a corner lot is considered a heavy fixer or even a teardown by some. It has been owned by the same family for over sixty years, so this hasn't been on the market in the past. It will be interesting to see if the new owners gut it and remodel or just start from scratch. We will keep this one on construction watch.
On 5/24/13, 10798 Weyburn Ave closed 14% over the asking price at $1,765,000 |$755 $/sf or $224 $/sf lot|. According to the MLS, the home is a 3 bedroom / 3 bath, 2,337 sf of living space on a 7,878 sf lot.

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What Did The Westwood Short Sale At 2207 Benecia Sell For?

2013-05-24T17:43:00.001-07:00

What Did The Westwood Short Sale Sell For?

The Westwood home at 2207 Benecia Avenue LA CA 90064 was no ordinary sale and doesn't have a days on market number that is statistically meaningful. On face value, it would look like the home had been on the market a lifetime. However, often short sales are left running active on the market while they negotiate with the bank, even though there is an accepted offer with the seller. This particular home's latest journey started back in March of 2012. From the MLS activity, it seems they had several accepted offers that fell out for what ever reason...often it's the buyer getting impatient with an approval from the bank and splitting for an easier or 'sure thing' transaction.
2207 Benecia has some basic remodeling to the kitchen and bathrooms, but nothing that would be considered mid or high end. The downside to this house would be the smaller lot size and the stones throw away from the busy Olympic blvd.
On 5/20/13, 2207 Benecia Ave closed at the final asking price of $899,000. According to the MLS, the home is a 3 bedroom / 3 bath, 1,661 sf of living space on a 5,858 sf lot. There maybe an additional 400 square foot of un-permitted space that makes the total sq ft. 2,061 /SE.

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Westwood Homes Open House Sunday May 19th, 2013

2013-05-19T10:54:00.000-07:00

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Westwood Condos Open House Sunday May 19th, 2013

2013-05-19T10:52:00.000-07:00

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Westwood Weekly Activity Report Ending May 17th, 2013

2013-05-18T10:26:00.001-07:00

		DOM
NEW LISTINGS
	141 BARLOCK AVE	2	$2,595,000
	2234 MALCOLM AVE	4	$1,399,000
	1922 FAIRBURN AVE	2	$1,475,000
	837 THAYER AVE	2	$2,199,000
	1534 ENSLEY AVE	1	$2,895,000
	2256 PELHAM AVE	10	$1,295,000
ACCEPTED OFFERS
	10589 WILKINS AVE	15	$1,695,000
	310 S THURSTON AVE	9	$1,369,000
	2342 Parnell Avenue	33	$1,398,000



	1047 WESTHOLME	63	$1,999,999
	2163 BALSAM AVE	8	$989,000
SOLD
	2223 MIDVALE AVE	42	$1,195,000	$1,250,000
	2135 PROSSER AVE	8	$1,079,000	$1,176,000

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What Did That Comstock Hills Home Sell For At 1529 Comstock

2013-05-18T09:47:00.000-07:00

What Did That Westwood Home Sell For?

The Westwood home at 1529 Comstock Ave, LA CA 90024 lasted about 7 days on the market before accepting one of the multiple offers on 4/04/13. Amazingly, this home sold just 10 months ago for $2,300,000. An 18% increase in less than a year. You can look at the 2012 vs 2013 picture links below and judge for yourself. But on face value, I only see a few cosmetic changes from the previous sale. The home is located in a great section of Comstock Hills and was updated with higher end finishes throughout.
On 5/09/13, 1529 Comstock Ave closed about 2.1% over the asking price at $2,705,000 |$807 $/sf|. According to the MLS, the home is a 5 bedroom / 4 bath, 3,350 sf of living space on a 6,952 sf lot.

2013 1529 Comstock Photos

2012 1529 Comstock Photos

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What Did That Westwood Home Sell For At 10442 Wilkins

2013-05-18T09:34:00.001-07:00

What Did That Westwood Home Sell For?

The Westwood home at 10442 Wilkins Ave, LA CA 90024 lasted about 2 weeks on the market before accepting an offer on 4/04/13. This home had been a rental for at least the past year, previously renting out at $4,995 a month. With some basic low to mid range remodeling done througout the house, it was clean and in move-in condition.
On 5/10/13, 10442 Wilkins Ave closed just over the asking price at $1,500,101 |$722 $/sf|. According to the MLS, the home is a 3 bedroom / 2.5 bath, 2,078 sf of living space on a 7,085 sf lot.

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What Did That Westwood Home Sell For At 2135 Prosser Ave

2013-05-17T18:19:00.001-07:00

What Did That Westwood Home Sell For?

The Westwood home at 2135 Prosser Ave, LA CA 90025 lasted about 8 days on the market before accepting an offer on 3/28/13. This home last sold in 2008 for $1,099,000, about $20k more than the asking price at that time. The current owners went for the same strategy and the same asking price as the 2008 sale of $1,079,000. And just like last time on the market, this home sold over the asking price.
On 4/30/13, 2135 Prosser Ave closed about 9% over the asking price at $1,179,000 |$721 $/sf|. According to the MLS, the home is a 3 bedroom / 1.75 bath, 1,631 sf of living space on a 6,070 sf lot.

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What Did That Westwood Home Sell For At 2223 Midvale Ave

2013-05-17T18:10:00.000-07:00

What Did That Westwood Home Sell For?

The Westwood home at 2223 Midvale Ave, LA CA 900624 lasted about 18 days on the market before accepting an offer on 4/1/13. This home spent about 200 days on the market in 2011 and 2012, starting at $1,195,000 and dropping down to $1,119,000 before withdrawing off the market. In 2013, the owner came back on the market at $1,195,000 and after multiple offers, ending up selling over the asking price. Remodeled throughout, this 2 bedroom Spanish home is in move-in condition. And even though it's updated, they kept many original details throughout that makes the home feel like a 20's Spanish.
On 5/16/13, 2223 Midvale Ave closed about 5% over the asking price at $1,250,000 |$643 $/sf|. According to the MLS, the home is a 2 bedroom / 2 bath, 1,944 sf of living space on a 6,759 sf lot.

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New Lease Available Remodeled 4 Bedroom Spanish Villa On Mar Vista Hill

2013-05-15T14:08:00.001-07:00

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Westwood Homes Open House Sunday May 12Th, 2013

2013-05-12T10:21:00.000-07:00

Open publication - Free publishing - More open house

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Westwood Condos Open House Sunday May 12th, 2013

2013-05-12T10:20:00.000-07:00

Open publication - Free publishing - More open house

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What Did That Westwood Home Sell For At 2223 Malcolm Ave

2013-05-11T06:14:00.000-07:00

What Did That Westwood Home Sell For?

The Westwood new construction home at 2223 Malcolm Ave, LA CA 90064 lasted about 35 days on the market before accepting it's second offer on 3/27/13. A teardown property was originally purchased on this lot just over a year ago for $720,000 and up came this new construction project. This is the 1st 2013 built home to sell in Westwood this year. Last year, there was only 1 2012 built home to sell on the open market in Westwood. Although you can potentially say 2, if you include 10598 Kinnard, which really started back in 2006 but ghosted for many years before finishing up last year.
On 5/2/13, 2223 Malcolm Ave closed about 3% over the asking price at $1,900,000 |$600 $/sf|. According to the MLS, the home is a 5 bedroom / 4 bath, 3,168 sf of living space on a 5,406 sf lot.

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Market Snapshot Of Active Westwood Homes May 10th, 2013

2013-05-10T10:26:00.000-07:00

Market Snapshot

of

Active Single Family Homes In Westwood

Westwood single family home inventory still remains approximately ~50+% under last years year to date levels. With the extreme shortage of available good homes, multiples offers can almost to be expected on most homes that hit the market.

Key:
Little Holmby- Homes south of Sunset and north of Wilshire / East of UCLA
Westwood Hills- Homes south of Sunset and north of Wilshire / West of UCLA
SOW- Homes south of Wilshire and north of Santa Monica Blvd.
SOSM- Homes south of Santa Monica Blvd and north of Olympic
SOO- Homes south of Olympic and north of Pico.

ACTIVES	Little Holmby	Westwood Hills	SOW	SOSM	SOO
# of Listings	9	4	3	5	4
Average Days on Market	55	79	25	42	22
Low Price $	1,999,999	1,299,900	1,249,000	899,000	1,295,000
Median Price $	3,559,000	2,134,500	1,695,000	1,249,000	1,396,500
High Price $	5,395,000	3,995,000	2,799,000	2,195,000	1,995,000
Average Price $	3,440,778	2,390,975	1,914,333	1,417,400	1,520,750
Average Sq. Ft. (House)	4,438	3,746	2,483	2,818	2,188
Average Price / Sq. Ft. $	755	593	815	503	695
Average Lot Size	11,685	10,385	6,544	6,086	6,605
Average Price / Lot Size $	294	230	293	233	230

These stats include all areas of Westwood (90024, 90025, 90064, 90049).
Source: CLAW MLS -Information deemed reliable but not guaranteed.

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What Did That Westwood Little Holmby Home Sell For At 925 Manning Ave

2013-05-10T09:55:00.000-07:00

What Did That Westwood Little Holmby Home Sell For?

The Westwood Little Holmby home at 925 Manning Ave, LA CA 90024 lasted about 2 months on the market before accepting an offer on 4/11/13. This prototypical 30's traditional in Little Holmby has been remodeled throughout and is in move-in condition. Previously, the home sold in 2007 for $2.5m before some remodeling. On 5/08/13, 925 Manning closed at $2,800,000 |$838 $/sf|. According to the MLS, the home is a 4 bedroom / 3.5 bath, 3,342 sf of living space on a 8,552 sf lot.

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What Did That Westwood Bank Owned Home Sell For At 411 Denslow?

2013-05-10T09:46:00.000-07:00

411 Denslow Ave, Westwood Hills

The Westwood Hills Bank Owned home at 411 Denslow Ave, LA CA 90049 lasted about 15 days on the market before accepting an offer on 2/15/13. This property previously spent some time off and on the market since 2010 as a short sale but couldn't get successfully closed for whatever reason. While partially updated, the home was in need of some TLC.
On 4/30/13, 411 Denslow Ave closed just over the asking price at $1,160,000 |$357 $/sf|. According to the MLS, the home is a 4 bedroom/ 4 bath, multi-level home, with 3,248 sq ft of living space on a 7,070 sq ft lot.

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Westwood Homes Open House Sunday May 5th, 2013

2013-05-05T08:21:00.001-07:00

Open publication - Free publishing - More open house

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Westwood Condos Open House Sunday May 5th, 2013

2013-05-05T08:20:00.001-07:00

Open publication - Free publishing - More open house

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What Did That Westwood Home Sell For At 2232 Selby Ave

2013-05-03T13:08:00.000-07:00

What Did That Westwood Home Sell For?

The Westwood home at 2232 Selby Ave, LA CA 900624 lasted about 21 days on the market before accepting it's second offer on 3/29/13. Originally the home was listed at $958,000 and received multiples the 1st week. However, looks like the buyers backed out and it came back to market with an adjusted up asking price of $975,000. This 20's Spanish has a few cosmetic upgrades, as well as, updated heat/air, roof, plumbing and electrical systems.
On 4/30/13, 2232 Selby Ave closed about 6% over the asking price at $1,030,000 |$679 $/sf|. According to the MLS, the home is a 3 bedroom / 1.75 bath, 1,518 sf of living space on a 6,075 sf lot.

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2022 Camden Ave Returns To Market And Sells Quickly

2013-05-02T15:12:00.000-07:00

The newer construction home in Westwood at 2022 Camden Ave LA CA 90025 recently came on the market with a list price of $2,079,000. This home previously spent some market time back in 2009 and 2010 with a starting list price of $2,199,000, then reducing down to $1,995,000. Now after just 6 days on the market in 2013 at the $2.079m price, there is an accepted offer on the home. Built in 2005, this 5 bedroom home has higher end finishes throughout and has a nice easy 2 level flat layout. According to the MLS, the home is a 5 bedroom, 3.5 bath, 3,656 sq ft of living space on a 6,750 sq ft lot. I will make sure to post the final sales price when it closes.

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What Did 1406 Selby Ave Sell For In Westwood?

2013-05-02T14:57:00.000-07:00

What Did That Westwood Home Sell For?

The Westwood home at 1406 Selby Ave, LA CA 90024 lasted about 11 days on the market before accepting an offer on 3/18/13. While this home is a little more vintage with it's finishes, it is very clean and in livable condition. According to the listing, there are newer electrical, copper plumbing and central heat/air upgrades to the home.
On 5/2/13, 1406 Selby Ave closed about 14% over the asking price at $1,480,000 |$577 $/sf|. According to the MLS, the home is a 4 bedroom / 3 bath, 2,564 sf of living space on a 6,926 sf lot.

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What Did 10810 Wilkins Ave Sell For?

2013-05-02T14:46:00.000-07:00

What Did That Westwood Home Sell For?

The Westwood home at 10810 Wilkins Ave LA CA 90024 lasted about 18 days on the market before accepting an offer on 2/17/13. This move in condition home has an updated kitchen and recently updated bathrooms to go along with other upgrades such as; central heat/air, new windows and hardwood floors throughout.
On April 30th, 2013, the home sold just over the asking price at $1,000,000 |$718 $/sf|. According to the MLS, the home is a 3 bedroom / 1.75 bath, 1,392 sq ft of living space on a 6,500 sq ft lot.

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Little Holmby Home At 1047 Westholme Receives 1st Price Reduction

2013-05-01T09:00:00.001-07:00

The Westwood Little Holmby home at 1047 Westholme LA CA 90024 received a price reduction of 16.67% or $401,000, down to $1,999,999. Originally listed March 12th for $2,400,000, this is the 1st price reduction of the current listing term. This is the 1st time this Mid Century home has been on the market since being built in 1956 by architect William Stephenson, who also designed Pres. Reagans' personal residence. Need a separate work space in your house with a separate entrance? Well this home has a lower level that could work great for a home office. Looking at the picture above, the lighted area to the left of the picture is the 2nd entrance to the house on the lower level that would access the home office.
According to the MLS, the home is a 4 bedroom / 3 bath, 3,186 sq ft of living space on a 6,882 sq ft lot.

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The Westwood Real Estate Market Blog

What Did 1935 Fairburn Sell For In Westwood?

What Did 1960 Bentley Ave Sell For In Westwood?

What Did That Westwood Little Holmby Home Sell For At 10798 Weyburn Ave

What Did The Westwood Short Sale At 2207 Benecia Sell For?

Westwood Homes Open House Sunday May 19th, 2013

Westwood Condos Open House Sunday May 19th, 2013

Westwood Weekly Activity Report Ending May 17th, 2013

What Did That Comstock Hills Home Sell For At 1529 Comstock

What Did That Westwood Home Sell For At 10442 Wilkins

What Did That Westwood Home Sell For At 2135 Prosser Ave

What Did That Westwood Home Sell For At 2223 Midvale Ave

*New Lease Available* Remodeled 4 Bedroom Spanish Villa On Mar Vista Hill

Westwood Homes Open House Sunday May 12Th, 2013

Westwood Condos Open House Sunday May 12th, 2013

What Did That Westwood Home Sell For At 2223 Malcolm Ave

Market Snapshot Of Active Westwood Homes May 10th, 2013

What Did That Westwood Little Holmby Home Sell For At 925 Manning Ave

What Did That Westwood Bank Owned Home Sell For At 411 Denslow?

Westwood Homes Open House Sunday May 5th, 2013

Westwood Condos Open House Sunday May 5th, 2013

What Did That Westwood Home Sell For At 2232 Selby Ave

2022 Camden Ave Returns To Market And Sells Quickly

What Did 1406 Selby Ave Sell For In Westwood?

What Did 10810 Wilkins Ave Sell For?

Little Holmby Home At 1047 Westholme Receives 1st Price Reduction

New Lease Available Remodeled 4 Bedroom Spanish Villa On Mar Vista Hill