WESTWOOD RE-SALE REPORT
Posted by
Scott McIntosh
Labels:
Re-Sales,
Westwood Single Family Homes
WESTWOOD RE-SALE REPORT
This report focuses on the sales in 2008 that have a prior sale since 2006. This gives us a closer idea on how the market is performing with same house sales. Current median price stats indicate Westwood is up 1.8% year to date in 2008 versus 2007. And average prices indicate that 2008 is up 5.3% year to date in price versus 2007. You will see below that there are many 20%+ changes, but those are mostly properties that have had major work done or are flips. The 10% and below are properties with minimal or no remodeling done. You will see that only 1 property so far has sold less than its previous sale price on this list.
This report focuses on the sales in 2008 that have a prior sale since 2006. This gives us a closer idea on how the market is performing with same house sales. Current median price stats indicate Westwood is up 1.8% year to date in 2008 versus 2007. And average prices indicate that 2008 is up 5.3% year to date in price versus 2007. You will see below that there are many 20%+ changes, but those are mostly properties that have had major work done or are flips. The 10% and below are properties with minimal or no remodeling done. You will see that only 1 property so far has sold less than its previous sale price on this list.
SOLD
| Address | Prior Sale Date | Prior Sale Price | Recent Sale Date | Recent Sale Price | % Change |
| 2030 Prosser Ave., 90025 | 2/4/08 | $800,000 | 7/8/08 | $980,000 | 22.5% |
| 2207 Manning Ave., 90064 | 5/23/07 | $871,000 | 1/4/08 | $1,350,000 | 55% |
| 1946 Midvale Ave., 90025 | 5/16/07 | $1,900,000 | 2/1/08 | $1,880,000 | -1.1% |
| 123 Veteran Ave., 90024 | 6/11/07 | $1,571,000 | 3/25/08 | $2,250,000 | 43.2% |
| 440 Denslow Ave., 90024 | 1/18/07 | $1,695,000 | 1/23/08 | $2,750,000 | 62.2% |
| 2131 Selby Ave., 90025 | 10/18/06 | $1,780,000 | 3/14/08 | $1,840,000 | 3.4% |
| 739 Holmby Ave., 90024 | 10/25/06 | $2,550,025 | 2/20/08 | $3,100,000 | 21.6% |
| 675 Warner Ave., 90024 | 9/13/07 | $3,000,000 | 5/29/08 | $4,070,625 | 35.7% |
| 11170 Montana Ave., 90024 | 2/1/06 | $1,900,000 | 5/15/08 | $2,555,839 | 34.5% |
| 10592 Kinnard Ave., 90024 | 4/4/06 | $1,698,000 | 7/9/08 | $1,791,000 | 5.5% |
| 2357 Malcolm Ave., 90064 | 2/15/07 | $985,000 | 8/19/08 | $1,087,000 | 10.4% |
2 of these properties are New Construction and Midvale is a major flip.
| Address | Prior Sale Date | Prior Sale Price | Recent Pending Date | Recent Asking Price | |
| 2112 Midvale Ave., 90025 | 3/12/08 | $900,009 | 8/5/08 | $1,497,000 | |
| 10322 Keswick Ave., 90064 | 8/10/07 | $1,205,000 | 8/27/08 | $2,395,000 | |
| 2131 Fox Hills Dr., 90025 | 2/23/06 | $800,000 | 7/2/08 | $2,195,000 |
These stats include all areas of Westwood (90024, 90025, 90064).
Source: CLAW MLS -Information deemed reliable but not guaranteed.
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September 2, 2008 11:52 AM
Great Information. I am surprised to see flippers doing well.
September 2, 2008 4:25 PM
The flipper who do 2112 Midvale did a beautiful job. I am not surprised at all to see that house go fast.
September 3, 2008 9:52 AM
Confirms that the sky is not falling re prices on the Westside ... at least not yet. There is a different dynamic in the higher $/per sq. ft neighborhoods, than the lower $/per sq. ft neighborhoods...
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