Checking in on How Sales are Going on the Wilshire Corridor

It has been a while since we looked at what is for sale on the Wilshire Corridor. Let’s see how sales are going so far this year.

Condo Building

Sold

Median Price

Active

Median Price

Absorption

Beverly West *

0

7

$5,304,450

N/A

Blair House 

2

$1,254,500

2

$2,025,000

10

Crown Towers

3

$405,000

3

$675,000

10

La Tour 

4

$2,010,000

5

$2,495,000

12.5

Marie Antoinette 

5

$429,900

4

$474,000

8

Park Wilshire 

7

$740,000

7

$998,000

10

Ten Five Sixty 

4

$970,500

6

$1,062,000

15

The Californian

3

$1,550,000

6

$2,895,000

20

The Carlyle **

1

$3,200,000

5

$2,550,000

50

The Churchill 

4

$422,000

2

$465,000

5

The Diplomat 

2

$875,000

0

The Dorchester 

1

$570,000

3

$685,000

30

The Grand 

4

$690,000

2

$757,000

5

The Longford 

1

$425,000

3

$899,000

30

The Mirabella 

5

$1,100,000

2

$1,167,000

4

The Regency Wilshire 

0

1

$1,165,000

133 days on market
The Remington 

5

$1,350,000

4

$2,862,500

8

The Venezia 

1

$1,200,000

0

The Westford

3

$975,000

1

$729,000

3.3

The Westholme

3

$360,000

3

$775,000

10

The Wilshire Manning 

2

$738,000

5

$970.000

25

The Wilshire

2

$1,305,000

5

$1,885,000

25

Wilshire Comstock

4

$385,000

2

$569,000

5

Wilshire Holmby

7

$425,000

1

$436,050

1.4

Wilshire House

3

$1,326,000

3

$1,900,000

10

Wilshire Marquis

5

$420,000

1

$550,000

2

Wilshire Regent

4

$542,500

5

$629,900

12.5

Wilshire Selby East 

3

$430,000

2

$429,450

6.7

Wilshire Selby West 

5

$315,000

1

$450,000

2

Wilshire Terrace 

4

$1,587,500

4

$887,500

10

Wilshire Thayer 

4

$660,000

2

$972,000

5

 

 

All information from the CLAW MLS is deemed accurate but is not guaranteed
 
*Beverly West has just opened its doors, so we will have to see how the sales go.  But right now, the units would seem to be extremely overpriced.

**The Carlyle sells a lot in-house, so the figures are not accurate.  Also, several units are being rented.

The median price reflects the mid-point of sales in the building.  Half sold over and half under that price.

The absorption rate is the number of months it will take to sell the remaining units in the building based on the previous months’ sales.

In general, the higher priced buildings are not moving and in some buildings units have been sitting on the market well over a year.  In La Tour for instance two condos have been sitting on the market for 2 years.

If you are interested in buying a condo on the Wilshire Corridor,  this would be a good time to look.

Previous Wilshire Corridor market reports
What’s for Sale on the Wilshire Corridor by Price?

Condos for sale on the Wilshire Corridor

 

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