Zooming Out: What’s happening across the Westside?
Fewer sales, but stable pricing
Across nearly all areas, transaction counts softened in Q4, while prices per square foot and average sale prices largely held steady. This points to a market adjusting its pace, not one losing value.
Longer decision-making replaced urgency
Days on market increased in most neighborhoods, reflecting buyers taking more time to compare options and negotiate, not a lack of interest. Homes that were well-prepared and well-priced still moved. This is a patience market, not a stalled one.
Sale-to-list ratios stayed close to asking
Even with longer timelines, most homes sold very close to list price, and in several areas, houses continued to trade at or above asking. That consistency suggests buyers are still willing to pay for value. Reductions were selective, not widespread.
Single-family homes continue to anchor demand
Across all markets, single-family homes made up the majority of sales and showed the most consistent buyer pull, reinforcing their role as the market’s stabilizer Condos moved too, just with more variability.
Long-term trends remained firmly positive
Our local markets show meaningful appreciation over the past 10 years, with short-term fluctuations in 2024–2025 reflecting market normalization rather than reversal. Zoomed out far enough, the trend line still points up.
The SparkNotes Version
• The market slowed, but prices stayed resilient.
• Buyers became more deliberate, not disengaged.
• Long-term value trends remained intact.