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Market Analysis Report Of Active Listings In Westwood 9/30/08

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Market Analysis Report

of

Active Single Family Homes In Westwood

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
NOSM- Homes south of Wilshire and north of Santa Monica Blvd.
NOO- Homes south of Santa Monica Blvd and north of Olympic
NOP- Homes south of Olympic and north of Pico.



ACTIVESLittle HolmbyWestwood HillsNOSM
NOO NOP
# of Listings
13
12
17
14
8
Average Days on Market
89
57
65
79
45
Low Price $
1,865,000
799,000
1,299,000
1,079,000
738,900
Median Price $
3,299,000
1,861,500
1,699,000
1,277,250
1,077,000
High Price $
5,395,000
2,599,000
2,650,000
2,499,500
2,395,000
Average Price $
3,321,000
1,861,250
1,768,059
1,500,357
1,274,475
Average Sq. Ft.
3,398
2,713
2,289
2,372
2,061
Average Price / Sq. Ft. $
951.84
657.33
772.55
615.30
618.53
Average Lot Size
10,704
8,567
7,527
5,822
6,338
Average Price / Lot Size $
310.25
210.24
234.91
257.69
201.10




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

Comments

What Did That House Sell For At 2269 Pelham Ave., LA CA 90064

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What Did That House Sell For?

The home at 2269 Pelham Ave., LA CA 90064 spent just a little over a week on the market before going into escrow. The home was brought onto the market 7/10/08 with the asking price of $1,575,000. The property went $15,000 over asking, selling for $1,590,000. You can read my previous review post HERE.

Comments

What Did That House Sell For At 2211 Prosser Ave., LA CA 90064?

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What did that house sell for?

The Spanish home at 2211 Prosser Ave, LA CA 90064 came on the market 7/30/08 and spent just 8 days on the market before going into escrow. The home had at least 8 offers on it and went $41,000 over the asking price, selling for $1,170,000.

According to the MLS, the home is a 3 bedroom / 1.75 bath, 1,748 sq ft home on a 6,750 sq ft lot. This home had been nicely remodeled throughout with care to preserve some of the older Spanish character. The home did include a gourmet kitchen with stainless steel appliances, new cabinetry and granite countertops as well.

Fixer / Teardown At 2210 Manning Goes Into Escrow

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The fixer / teardown at 2210 Manning Ave., LA CA 90064 finally received an accepted offer this week after 85 days on the market. The property was originally listed on 7/6/08 for $915,000 and never had a price reduction during the listing period. According to the MLS, the home is a 2 bedroom / 1 bath, 1,058 sq ft home on a 6,747 sq ft lot. One of the reasons this home may have stayed on the market so long was the proximity to Olympic. The home is the third house in on Manning from Olympic Blvd. Right now the status on the MLS is "looking for backup".

Comments

2110 Glendon Is Back On Market After A Brief Stint In Escrow

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The new construction Contemporary Mediterranean home at 2110 Glendon Ave., LA CA 90025 is back on the market after a brief stint in escrow. The home had also been seen on craigslist for short term lease while they were trying to sell the home. According to the MLS, the home is a 4 bedroom / 4 bath, 3,200 sq ft home on a 5,400 sq ft lot. The previous sale was a teardown house and sold November 2007 for $915,000. You can read my previous review post here.

Comments

Westwood Weekly Activity Inventory Report 9/29/08

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This report is for Monday 9/22/08 through Sunday 9/28/08.


ACTIVITY REPORT

Westwood Single Family Homes
(You can click on the report to make it bigger)

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

Comments

Westwood - Single Family Home Open House List - Sunday 9/28/08

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DATE ADDRESS BR BA SF LP
09/28/2008 2:00 - 5:00 2335 OVERLAND AVE 3 1.50 1,367 $ 920,000
09/28/2008 2:00 - 5:00 2120 HOLMBY AVE 3 1.50 1,536 $ 1,150,000
09/28/2008 2:00 - 5:00 1903 PROSSER AVE 3 1.00 1,240 $ 1,195,000
09/28/2008 2:00 - 5:00 1922 S BENTLEY AVE 4 3.00 2,358 $ 1,250,000
09/28/2008 2:00 - 5:00 2010 BENECIA AVE 2 1.50 1,552 $ 1,275,000
09/28/2008 2:00 - 5:00 1941 MIDVALE AVE 3 2.00 0 $ 1,295,000
09/28/2008 11:00 - 2:00 10732 ASHTON AVE 2 2.00 1,364 $ 1,299,000
09/28/2008 2:00 - 5:00 2151 MALCOLM AVE 5 3.50 3,700 $ 1,350,000
09/28/2008 2:00 - 5:00 10540 ASHTON AVE 3 2.75 1,911 $ 1,399,000
09/28/2008 2:00 - 5:00 10521 KINNARD AVE 3 1.75 1,757 $ 1,449,000
09/28/2008 2:00 - 5:00 11256 HOMEDALE ST 4 5.00 2,289 $ 1,680,000
09/28/2008 2:00 - 5:00 182 DENSLOW AVE 4 2.75 2,515 $ 1,689,000
09/28/2008 2:00 - 5:00 10594 KINNARD AVE 4 3.00 2,006 $ 1,699,000
09/28/2008 2:00 - 5:00 10502 HOLMAN AVE 3 2.00 1,910 $ 1,699,000
09/28/2008 2:00 - 5:00 10584 KINNARD AVE 3 2.50 2,219 $ 1,775,000
09/28/2008 2:00 - 5:00 11100 CASHMERE ST 3 3.00 0 $ 1,995,000
09/28/2008 2:00 - 5:00 272 BRONWOOD AVE 3 2.50 3,100 $ 1,995,000
09/28/2008 2:00 - 5:00 750 MALCOLM AVE 3 3.00 2,296 $ 2,195,000
09/28/2008 2:00 - 5:00 1966 COMSTOCK AVE 5 4.50 0 $ 2,195,000
09/28/2008 2:00 - 5:00 1456 CLUB VIEW DR 4 3.50 3,126 $ 2,200,000
09/28/2008 2:00 - 5:00 2257 MANNING AVE 4 4.50 4,550 $ 2,395,000
09/28/2008 2:00 - 5:00 257 TAVISTOCK AVE 4 4.50 3,600 $ 2,599,000
09/28/2008 2:00 - 5:00 1457 COMSTOCK AVE 3 2.50 2,500 $ 2,650,000
09/28/2008 2:00 - 5:00 1035 WESTHOLME AVE 5 4.50 4,037 $ 2,690,000
09/28/2008 2:00 - 5:00 712 HOLMBY AVE 5 5.00 5,021 $ 3,995,000

Comments

Westwood Condo Open House List - Sunday 9/28/08

DATE ADDRESS BR BA SF LP
09/28/2008 2:00 - 5:00 1831 PROSSER AVE #102 1 1.00 486 $ 325,000
09/28/2008 12:00 - 3:00 1849 GREENFIELD AVE #101 1 1.00 810 $ 399,950
09/28/2008 2:00 - 5:00 1340 S BEVERLY GLEN #303 2 1.75 1,201 $ 570,000
09/28/2008 2:00 - 5:00 1875 S BEVERLY GLEN #303 2 3.00 1,507 $ 599,000
09/28/2008 2:00 - 5:00 1931 GLENDON AVE #401 2 2.50 1,582 $ 649,000
09/28/2008 2:00 - 5:00 1931 GLENDON AVE #401 2 2.50 1,582 $ 649,000
09/28/2008 2:00 - 5:00 1630 S BENTLEY AVE #305 2 3.00 1,598 $ 690,000
09/28/2008 2:00 - 5:00 2347 FOX HILLS DR #101 1 1.50 1,295 $ 695,000
09/28/2008 2:00 - 5:00 10787 WILSHIRE #1101 3 3.00 1,459 $ 699,000
09/28/2008 12:00 - 5:00 1844 MIDVALE AVE #2 2 2.50 1,339 $ 699,000
09/28/2008 2:00 - 5:00 10404 ILONA AVE #6 3 2.75 1,688 $ 729,000
09/28/2008 2:00 - 5:00 1825 S Beverly Glen Boulevard #204 3 3.00 1,689 $ 739,000
09/28/2008 1:00 - 3:45 10911 WELLWORTH AVE #1B 2 2.50 0 $ 740,000
09/28/2008 2:00 - 5:00 1815 HOLMBY AVE #102 2 2.50 1,735 $ 777,000
09/28/2008 12:00 - 6:00 1726 S BENTLEY AVE #102 3 2.00 1,800 $ 789,000
09/28/2008 12:00 - 6:00 1726 S BENTLEY AVE #203 3 2.00 1,800 $ 799,000
09/28/2008 12:00 - 6:00 1726 S BENTLEY AVE #PH1 2 2.00 1,500 $ 799,000
09/28/2008 1:00 - 4:00 10336 WILSHIRE #202 3 2.50 1,661 $ 800,000
09/28/2008 2:00 - 5:00 1430 S BEVERLY GLEN BLVD #201 2 2.50 1,520 $ 810,000
09/28/2008 2:00 - 5:00 2347 FOX HILLS DR #104 2 2.50 1,600 $ 825,000
09/28/2008 1:00 - 3:45 10911 WELLWORTH AVE #4A 2 2.50 0 $ 835,000
09/28/2008 2:00 - 5:00 2347 FOX HILLS DR #204 2 2.50 1,600 $ 849,000
09/28/2008 2:00 - 5:00 10433 WILSHIRE #406 2 2.00 1,526 $ 849,000
09/28/2008 2:00 - 5:00 2347 FOX HILLS DR #201 2 2.50 1,660 $ 859,000
09/28/2008 2:00 - 5:00 2347 FOX HILLS DR #102 3 2.50 1,728 $ 875,000
09/28/2008 1:00 - 3:45 10911 WELLWORTH AVE #5B 2 2.50 0 $ 970,000
09/28/2008 2:00 - 5:00 2347 FOX HILLS DR #402 3 2.50 1,716 $ 975,000
09/28/2008 2:00 - 5:00 1828 GLENDON AVE #203 3 2.50 1,970 $ 975,000
09/28/2008 1:00 - 4:00 10701 WILSHIRE #2201 2 2.00 1,356 $ 975,000
09/28/2008 1:00 - 5:00 10433 WILSHIRE #1204 3 3.00 1,824 $ 989,000
09/28/2008 2:00 - 5:00 10616 KINNARD AVE #101 3 2.50 2,100 $ 1,100,000
09/28/2008 2:00 - 5:00 1544 CAMDEN AVE #101 2 2.50 2,812 $ 1,149,000
09/28/2008 2:00 - 5:00 10616 KINNARD AVE #301 3 2.50 2,000 $ 1,150,000

Comments

Westwood Hills Home At 182 Denslow Gets Price Reduction

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The property at 182 Denslow Ave., LA CA 90049 received a price reduction this week of 3.4% or $60,000, down to $1,689,000. Originally listed 8/27/08 for $1,749,000, the home has been on the market for 28 days before its first price reduction. According to the MLS, the home is a 4 bedroom / 2.75 bath, 2,515 sq ft home on a 7,900 sq ft hillside lot.

The house sits against a hillside, dividing the house into two levels. A street level and a downstairs level, which opens onto the tiered backyard. The street level of the house has 2 bedrooms, living room, dining room, bath, kitchen and a deck. The views are quite nice from the main level with great green tree top views of the Westwood Hills neighborhood and of UCLA. Downstairs you have 2 additional bedrooms, 1.75 baths and a den like area separating the two bedrooms.

Overall the house has a very dated feel and the split floor plan breaks up the 2,515 sq ft so the house seems small.

Fixer / Teardown at 2031 Malcolm Ave., LA CA 90025 Gets Quick Accepted Offer

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As quick as I could get a review post out for this house at 2031 Malcolm Ave., LA CA 90025 , the status changed to pending on the MLS late yesterday evening. According to the public records the home is a 2 + 1, 962 sq ft of house on a 5,400 sq ft lot. You can read my previous review post here. The asking price was $799,000.

Westwood Hills Home At 272 Bronwood Ave., LA CA 90049 Gets 2nd Price Reduction

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This Westwood Hills Monterey Colonial at 272 Bronwood Ave., LA CA 90049 received a 4.5% or $94,000 price reduction this week, down to $1,995,000. This property was originally listed 7/17/08 for $2,199,000 and was on the market 55 days before being re-listed at $2,089,000. Since the re-list the property has been on the market for 13 days. According to the MLS, the home is a 3 bedroom / 2.5 bath, 3,100 sq ft home on a 6,600 sq ft lot.

Comments

Potential For The Highest Public Sale In The Westwood Hills Goes Into Escrow

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The massive Mediterranean home at 148 South Glenroy Ave., LA CA 90049 received an accepted offer this past weekend after 73 days on the market. Originally listed 7/9/08 for $4,489,000, the seller dropped the asking price by 8.9% to $4,089,000 before receiving this accepted offer. According to the MLS the highest public sale in the Westwood Hills area is a home on Denslow that sold for $3,850,000 a few years ago. This home on Glenroy has the potential to be the highest sale ever in the area as long as it sells above this $3.85 number. According to the MLS, the home is a 5 bedroom / 8 bath, 7,400 sq ft of living space on a 7,720 sq ft lot. The home has 3 levels, with a movie theater and entertaining area in the basement level. The house is massive inside with high ceilings and very spacious entertaining rooms that flow into eachother. The house takes up most of the land, leaving very little in the front and backyard.

Comments

10315 Calvin Ave., LA CA 90025 Has It's Day In Court

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The home at 10315 Calvin Ave LA CA 90025 showed up on the MLS this week as pending after a long delay for its bankruptcy court appearance. The home originally came on the market on 6/09/08 for $850,000. The current days on market shows 102, however that is misleading because the house had to wait for the court appearance to officially change to pending. Technically, the agent could have changed the MLS status to 'Looking For Backup' offers and the active days on market counter would have stopped at the first accepted offer. There was an offer obtained many months ago that set the court date in motion for the overbid session. According to the listing the accepted price before the court overbid session was $860,000. I do not know if the property got overbid in court, but we at least know it sold for $860,000. According to public records this home is a 2 bed / 2 bath, 1,721 sq ft of home on a 6,075 sq ft lot. You can read my previous review post here.

Comments

New Construction Home at 2110 Glendon Ave. Changes To Looking For Backup Status

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The new construction Contemporary Mediterranean home at 2110 Glendon Ave., LA CA 90025 went into escrow this week after 38 days on the market. The current status on the MLS is 'Looking for Backup'. The home had also been seen on craigslist for short term lease while they were trying to sell the home. According to the MLS, the home is a 4 bedroom / 4 bath, 3,200 sq ft home on a 5,400 sq ft lot. The previous sale was a teardown house and sold November 2007 for $915,000. You can read my previous review post here.

Comments

Property Review For The Spanish Home At 2335 Overland Ave., LA CA 90064

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This review is for the Spanish house at 2335 Overland Ave., LA CA 90064. According to the MLS, the home is a 3 bedroom / 1.5 bath, 1,367 sq ft home on a 6,885 sq ft lot. The first thing to note here is that the 3rd bedroom is not a true bedroom. It is a small loft up a steep set of stairs above the den area. I would consider the house more of a two bedroom house with a loft space. You enter the house right into a nice size living room with a fireplace. An interesting shaped picture window faces out in the gated front yard that I haven't seen before in any Spanish homes in the area. It looks to have some sort of Moroccan type feel. The kitchen has been slightly remodeled with some stainless appliances, newer looking cabinetry and tile counters. Attached to the kitchen you have a little breakfast nook with windows looking out to the backyard. In the middle of the house you have a small den with a half bath. And above this den is the 3rd bedroom/ loft space. The stairway going up to this loft is very steep and was even difficult for me to climb. And I would say I am a pretty agile and athletic person. The other two bedrooms are off the hallway on the left side of the house. They share a nicely remodeled bathroom in-between the two bedrooms. Outside you have a good size backyard with some grass and a detached garage. The front of the house looks to have two gates to separate just the front motor court area in front of the house from the street. And another gate enclosing the rear of the house. The house was originally listed on 9/16/08 and they are asking $920,000.

Comments

Fixer / Teardown at 2031 Malcolm Ave., LA CA 90025

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This review is for the property at 2031 Malcolm Ave., LA CA 90025. This house is potentially a teardown or could just be added on to if you didn't want to start from complete scratch. According to the public records the home is a 2 + 1, 962 sq ft of house on a 5,400 sq ft lot. With only 962 sq ft of living space, I would suspect most people would at the very least want to add on to this house. The condition inside is fair and livable, but could definitely use some updating. The north of Olympic blvd location on Malcolm is very nice and your very insulated from the major streets. 5,400 sq ft lots have been selling in the low to high $800's, but typically have larger houses on them. Priced at $799,000, I highly anticipate this house having multiple offers and selling over the asking price.

Comments

Westwood Weekly Activity Inventory Report 9/23/08

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This report is for Monday 9/15/08 through Sunday 9/21/08.


ACTIVITY REPORT

Westwood Single Family Homes
(You can click on the report to make it bigger)

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

Comments

Status Change For 10360 Keswick Ave., LA CA 90064

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The unique Mediterranean home at 10360 Keswick Ave., LA CA 90064 changed status from 'Backup' to 'Pending' on Monday. It looks like either the buyer in first position has removed their contingencies or they put a second buyer in backup position. Something interesting to note is while this home has been in escrow and looking for backup offers, the listing agent reduced the price offered on the MLS to $1,175,000. Normally you don't see a house reduce its price on the MLS while its in escrow. According to the MLS, it’s listed as a 4 bedroom / 3 bath, 2,608 sq ft home on a 6,875 sq ft lot. The home spent 25 days on the market and had 1 price reduction quickly into the listing term to get it sold. In cased you missed my review of the property, you can read it here.

Westwood - Single Family Home Open House List - Sunday 9/21/08

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DATE ADDRESS BR BA SF LP
09/21/2008 2:00 - 5:00 2031 MALCOLM AVE 2 1.00 962 $ 799,000
09/21/2008 2:00 - 5:00 2356 PELHAM AVE 3 2.00 1,909 $ 875,000
09/21/2008 2:00 - 5:00 2335 OVERLAND AVE 3 1.50 1,367 $ 920,000
09/21/2008 2:00 - 5:00 2340 OVERLAND AVE 3 1.75 2,188 $ 1,079,000
09/21/2008 2:00 - 5:00 2120 HOLMBY AVE 3 1.50 1,536 $ 1,150,000
09/21/2008 2:00 - 5:00 10360 KESWICK AVE 4 3.00 2,608 $ 1,175,000
09/21/2008 2:00 - 5:00 1903 PROSSER AVE 3 1.00 1,240 $ 1,195,000
09/21/2008 2:00 - 5:00 1922 S BENTLEY AVE 4 3.00 2,358 $ 1,250,000
09/21/2008 2:00 - 5:00 2010 BENECIA AVE 2 1.50 1,552 $ 1,275,000
09/21/2008 2:00 - 5:00 1941 MIDVALE AVE 3 2.00 0 $ 1,295,000
09/21/2008 2:00 - 5:00 10521 KINNARD AVE 3 1.75 1,757 $ 1,449,000
09/21/2008 1:00 - 4:00 10674 ROCHESTER AVE 3 1.50 1,656 $ 1,595,000
09/21/2008 2:00 - 5:00 10704 ASHTON AVE 4 3.50 2,268 $ 1,625,000
09/21/2008 2:00 - 5:00 10451 WILKINS AVE 3 2.00 2,142 $ 1,675,000
09/21/2008 2:00 - 5:00 11256 HOMEDALE ST 4 5.00 2,289 $ 1,680,000
09/21/2008 2:00 - 5:00 10594 KINNARD AVE 4 3.00 2,006 $ 1,699,000
09/21/2008 2:00 - 5:00 182 DENSLOW AVE 4 2.75 2,515 $ 1,749,000
09/21/2008 2:00 - 5:00 2110 GLENDON AVE 4 4.50 3,200 $ 1,795,000
09/21/2008 2:00 - 5:00 1276 WARNER AVE 4 3.75 3,213 $ 1,799,000
09/21/2008 2:00 - 5:00 340 S GLENROY AVE 3 2.50 2,529 $ 2,095,000
09/21/2008 2:00 - 5:00 1941 FAIRBURN AVE 6 5.50 4,245 $ 2,195,000
09/21/2008 2:00 - 5:00 750 MALCOLM AVE 3 3.00 2,296 $ 2,195,000
09/21/2008 2:00 - 5:00 1966 COMSTOCK AVE 5 4.50 0 $ 2,195,000
09/21/2008 2:00 - 5:00 1456 CLUB VIEW DR 4 3.50 3,126 $ 2,200,000
09/21/2008 2:00 - 5:00 2257 MANNING AVE 4 4.50 4,550 $ 2,395,000
09/21/2008 2:00 - 5:00 257 TAVISTOCK AVE 4 4.50 3,600 $ 2,599,000
09/21/2008 2:00 - 5:00 1457 COMSTOCK AVE 3 2.50 2,500 $ 2,650,000
09/21/2008 2:00 - 5:00 1938 WESTHOLME AVE 6 5.50 5,164 $ 2,769,000
09/21/2008 2:00 - 5:00 1035 WESTHOLME AVE 5 4.50 0 $ 2,995,000

Comments

Westwood Condo Open House List - Sunday 9/21/08

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DATE ADDRESS BR BA SF LP
09/21/2008 2:00 - 5:00 1865 GREENFIELD AVE #108 2 2.00 1,003 $ 459,000
09/21/2008 1:00 - 4:00 1434 GREENFIELD AVE #303 2 2.00 1,683 $ 554,900
09/21/2008 2:00 - 5:00 10633 KINNARD AVE #16 2 2.00 1,304 $ 555,000
09/21/2008 2:00 - 5:00 2307 FOX HILLS DR #202 2 2.00 1,372 $ 560,000
09/21/2008 2:00 - 5:00 1340 S BEVERLY GLEN #303 2 1.75 1,201 $ 570,000
09/21/2008 2:00 - 5:00 2237 S BENTLEY AVE #101 2 2.00 1,501 $ 599,000
09/21/2008 2:00 - 5:00 2237 S BENTLEY AVE #201 2 2.00 1,501 $ 619,000
09/21/2008 2:00 - 5:00 2345 S BENTLEY AVE #102 2 1.75 1,628 $ 619,000
09/21/2008 1:00 - 4:00 1927 GLENDON AVE #301 2 2.00 1,500 $ 649,000
09/21/2008 2:00 - 5:00 2347 FOX HILLS DR #101 1 1.50 1,295 $ 695,000
09/21/2008 2:00 - 5:00 1250 Midvale AVE #202 2 2.00 1,376 $ 715,000
09/21/2008 2:00 - 5:00 1630 S BENTLEY AVE #305 2 3.00 1,598 $ 719,000
09/21/2008 2:00 - 5:00 10404 ILONA AVE #6 3 2.50 1,688 $ 729,000
09/21/2008 2:00 - 5:00 1815 HOLMBY AVE #102 2 2.50 1,735 $ 777,000
09/21/2008 12:00 - 6:00 1726 S BENTLEY AVE #102 3 2.00 1,800 $ 779,000
09/21/2008 2:00 - 5:00 10390 LA GRANGE AVE #203 2 2.50 1,530 $ 779,000
09/21/2008 11:00 - 3:00 10911 WELLWORTH AVE #2B 2 2.50 0 $ 790,000
09/21/2008 12:00 - 6:00 1726 S BENTLEY AVE #203 3 2.00 1,800 $ 799,000
09/21/2008 12:00 - 6:00 1726 S BENTLEY AVE #PH1 2 2.00 1,500 $ 799,000
09/21/2008 1:00 - 4:00 10336 WILSHIRE #202 3 2.50 1,661 $ 800,000
09/21/2008 2:00 - 5:00 2369 S BEVERLY GLEN BLVD #303 2 2.50 1,711 $ 809,000
09/21/2008 2:00 - 5:00 2347 FOX HILLS DR #104 2 2.50 1,600 $ 825,000
09/21/2008 11:00 - 3:00 10911 WELLWORTH AVE #4A 2 2.50 0 $ 835,000
09/21/2008 2:00 - 5:00 2347 FOX HILLS DR #204 2 2.50 1,600 $ 849,000
09/21/2008 2:00 - 5:00 2347 FOX HILLS DR #102 3 2.50 1,728 $ 875,000
09/21/2008 2:00 - 5:00 2347 FOX HILLS DR #402 3 2.50 1,716 $ 975,000
09/21/2008 2:00 - 5:00 1828 GLENDON AVE #203 3 2.50 1,970 $ 975,000
09/21/2008 2:00 - 5:00 1540 S BENTLEY AVE #103 3 3.00 1,785 $ 1,039,000
09/21/2008 2:00 - 5:00 10616 KINNARD AVE #101 3 2.50 2,100 $ 1,100,000
09/21/2008 2:00 - 5:00 1544 CAMDEN AVE #101 2 2.50 2,812 $ 1,149,000
09/21/2008 2:00 - 5:00 10616 KINNARD AVE #301 3 2.50 2,000 $ 1,150,000

Comments

Cape Cod New Construction At 1938 Westholme Ave Receives 2nd Price Reduction

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This new construction Cape Code home at 1938 Westholme Ave., LA CA 90025 received a price reduction this week of 3.8% or $110,000, down to $2,769,000. This is the second price reduction during the current listing term. The home was originally listed on 6/19/08 for $2,995,000 and has been on the market for 91 days. According to the MLS, the home is a 6 bedroom / 5.5 baths, 5,164 sq ft of home on a 7,250 sq ft of lot.

REO On Prosser Gets Another Price Reduction

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This REO in Westwood at 2370 Prosser Ave. reduced its price this week, matching the REO on Veteran Ave., after watching the other REO home at Veteran and Olympic reduce it's price to the low number of $738,900. This reduction is a 2.4% or $18,000 decrease from the previous offer price. This house is also an end cap home, like the Veteran and Olympic REO home. However, this property sits at the end of Prosser where it meets the Pico Blvd businesses. Taking a look at this Google Street View picture above and Microsoft Local Live birds eye view to the right, we see the house ends right were an alley and the parking lot of Dulux Paint Center meet. The property address is 2370 Prosser Ave, LA CA 90064. And according to public records this home is a 2 bed / 1 bath, 1,182 sq ft home on a 5,706 sq ft lot. The current asking price is tied for the lowest in Westwood at $738,900. The last market activity for this property was a sale on 8/9/06 for $770,000.

Comments

New Construction Home At 2131 Fox Hills Finally Closes This Week

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This new construction Mediterranean home at 2131 Fox Hills Drive LA CA 90025, finally closed this week after being in escrow since 7/2/08. The final sales price is $2,020,000. The last listing period had the home on the market for 154 days before receiving their accepted offer. Previously the home was listed with another broker at $2,550,000 starting 9/27/07 and was pulled off after 81 days on market.

Comments

Price Reduction And Review For 10451 Wilkins Ave., LA CA 90024

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The Spanish home at 10451 Wilkins Ave., LA CA 90024 received a price reduction of 4.3% or $75,000, down to $1,675,000. This is the 2nd price reduction during the current listing term. The home was originally listed on 8/13/08 for $1,825,000 and now has been on the market 35 days. According to the MLS, the home is a 3 bedroom / 2 bath, 2,142 sq ft house on a 6,795 sq ft lot. As you can see from the pictures this home is set up on a little knoll from the street. The front has lush landscaping and nice curb appeal. There are a fair amount of steps to get up to the front door. However, if you drive up your driveway to park, you will have a relatively flat entrance into your home and won't have to deal with stairs on the outside. Inside the home, to the right of the front door, you have a stepdown living room with a fire place and exposed wood beams on the ceiling. Off the living room, doors open to an outside patio area with a water feature. To the left of the front door you have the dining room, small den like area and the kitchen. The kitchen has been moderately updated with Spanish like tile floor, stainless steel appliances, and tile counters. The laundry room is just off the kitchen. Downstairs you also have 2 bedrooms and a bath. The master is located upstairs by itself. The master has his and her closets and an in-suit master bath. Additionally, there is a small balcony with some nice views of tree tops and Century City. In the rear yard you have a small patch of grass and the detached garage. The home is located in a very nice block location in the north of Santa Monica Blvd. section of Westwood. The current asking price is $1,675,000.

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Westwood Weekly Activity Inventory Report 9/16/08

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This report is for Monday 9/8/08 through Sunday 9/14/08.


ACTIVITY REPORT

Westwood Single Family Homes
(You can click on the report to make it bigger)

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

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REO SPANISH PROPERTY RECEIVES ANOTHER PRICE REDUCTION

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WESTWOOD REO REPORT

As reported on this blog a while back, we have two REO's on the market in Westwood. And this week, 2202 Veteran Avenue, LA CA 90064 received another price reduction of 3.4% or $26,000, down to $738,900 . This makes this home the cheapest single family home in Westwood. Originally listed on 7/7/08 for $825,000, this REO has been on the market for 71 days. According to the MLS, the stats read as a 3 bedroom / 1 bath, 1,312 sq ft of home on a 6,750 sq ft lot. Again, this home is a significant value compared to what homes sell for in the neighborhood. However, I suggest you research the specific location of this property. You can read my previous post here regarding the location of the Veteran property.

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Price Reduction And Review of 10377 Rochester Ave., LA CA 90024

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This Spanish / Country inspired home at 10377 Rochester Ave., LA CA 90024 received its first price reduction of 2.9% or $46,000 this week, down to $1,549,000. According to the MLS, the home is a 3 bedroom / 3 bath, 1,854 sq ft home on a 7,000 sq ft lot. The home was originally listed 7/29/08 for $1,595,00 and has been on the market for 48 days now. The home has a very rustic feel to it. All of the exposed wood in the house has an older country type feel to it. Something you would find in a country style traditional home in the canyons. In the living room there are exposed wood beams running across the high barreled ceiling. The large dining room has a vaulted ceiling, as well as the exposed wood ceiling. However, the whole ceiling in the dining room is exposed wood. Next to the dining room is the good sized kitchen. The kitchen is clean and functional, but it could use some updating. According to the listing, it states there are 3 bedrooms total. Although the 3rd bedroom is very small and den like. The other two bedrooms are decent size. The bathrooms in the house are clean, but like the kitchen, could use some updating as well. The master bathroom is not directly connected to the master bedroom and is slightly down the hall from the master. The rustic theme is continued in the master bath with some exposed wood walls and wood beams in the ceiling. In the back of the house sit the master bedroom. The master bedroom lacks good closet space and is just big enough to fit the giant wood framed bed that matches the same wood as the exposed wood beams in the ceiling in the master. Off the master bedroom is a small patio like backyard. Next to the patio space is the garage, which has been converted to an un-permitted guest house with a loft space. A spiral staircase takes you up to the vaulted ceiling loft. The current asking price is $1,549,000.

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Price Reduction At 10704 Ashton Ave., LA CA 90024

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This house at 10704 Ashton Ave., LA CA 90024 just received a 4.3% or $73,000 price reduction, down to $1,625,000. According to the MLS the home is a 4 bedroom / 3.5 bath, 2,268 sq ft home on a 8,189 sq ft corner lot. The home was originally listed 7/9/08 for $1,698,000 and has been on the market 68 days now. This is the first price reduction during the current listing term. To give a little brief history about the house, the home was purchased last year, 5/17/07 for $1,400,000. From previewing the house when it first came on the market, it looks like the current owners did some minor remodeling on the inside since its purchase.

Westwood - Single Family Home Open House List - Sunday 9/14/08

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DATE ADDRESS BR BA SF LP
09/14/2008 2:00 - 5:00 2340 OVERLAND AVE 3 1.75 2,188 $ 1,079,000
09/14/2008 2:00 - 5:00 2250 SELBY AVE 2 2.00 1,410 $ 1,099,000
09/14/2008 2:00 - 5:00 2120 HOLMBY AVE 3 1.50 1,536 $ 1,150,000
09/14/2008 2:00 - 5:00 1903 PROSSER AVE 3 1.00 1,240 $ 1,195,000
09/14/2008 2:00 - 5:00 10360 KESWICK AVE 4 3.00 2,608 $ 1,249,000
09/14/2008 2:00 - 5:00 1922 S BENTLEY AVE 4 3.00 2,358 $ 1,250,000
09/14/2008 2:00 - 5:00 2010 BENECIA AVE 2 1.50 1,552 $ 1,275,000
09/14/2008 2:00 - 5:00 1941 MIDVALE AVE 3 2.00 0 $ 1,295,000
09/14/2008 2:00 - 5:00 10540 ASHTON AVE 3 2.75 1,911 $ 1,399,000
09/14/2008 2:00 - 5:00 10521 KINNARD AVE 3 1.75 1,757 $ 1,449,000
09/14/2008 2:00 - 5:00 11256 HOMEDALE ST 4 5.00 2,289 $ 1,680,000
09/14/2008 2:00 - 5:00 11200 HOMEDALE ST 3 3.50 2,776 $ 1,695,000
09/14/2008 2:00 - 5:00 10594 KINNARD AVE 4 3.00 2,006 $ 1,699,000
09/14/2008 2:00 - 5:00 182 DENSLOW AVE 4 2.75 2,515 $ 1,749,000
09/14/2008 2:00 - 5:00 2110 GLENDON AVE 4 4.50 3,200 $ 1,795,000
09/14/2008 2:00 - 5:00 1276 WARNER AVE 4 3.75 3,213 $ 1,799,000
09/14/2008 2:00 - 5:00 340 S GLENROY AVE 3 2.50 2,529 $ 2,095,000
09/14/2008 2:00 - 5:00 750 MALCOLM AVE 3 3.00 2,092 $ 2,195,000
09/14/2008 2:00 - 5:00 1966 COMSTOCK AVE 5 4.50 0 $ 2,195,000
09/14/2008 2:00 - 5:00 2257 MANNING AVE 4 4.50 4,550 $ 2,395,000
09/14/2008 2:00 - 5:00 257 TAVISTOCK AVE 4 4.50 3,600 $ 2,750,000
09/14/2008 2:00 - 5:00 1938 WESTHOLME AVE 6 5.50 5,164 $ 2,879,000
09/14/2008 2:00 - 5:00 1035 WESTHOLME AVE 5 4.50 0 $ 2,995,000
09/14/2008 2:00 - 5:00 712 HOLMBY AVE 5 5.00 5,021 $ 3,995,000
09/14/2008 2:00 - 5:00 148 S GLENROY AVE 5 8.00 7,400 $ 4,089,000

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