The number of single family homes sold in October was up by eight over the previous month, and the sold median price shot up by 37.8 percent from $1,297,500 to $1,775,000.
The median price of homes listed for sale in October is $1,78,500, but the median price of all active listings is $1,975,000.
Westwood condo sales are down by one over September, but the median prices is up $2.71 percent from $542,500 to $557,200.
Condos listed for sale in October have a median price of $749,000, but the overall median price is $787,500.
The Westwood condo market is a seller’s market, the bulk of the inventory sitting on the market is the higher priced Wilshire Corridor.
Read more: http://www.homejane.com/westwood-real-estate-market-report-october-2012.html#ixzz2BJe0WHHB
