The Wilshire Corridor Condo Market report for 2011 is based on units of 2 bedrooms and up, not including penthouses. This will provide a more realistic picture. For sales by numbers of bedrooms check out each individual Wilshire Corridor building page.
What is Market Absorption?
Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market.
6 months worth of inventory is a balanced market. Under 6 months is a sellers’ market, and anything over 6 months is a buyers’ market.
| Condo Building |
Sold | Median Sold Price |
Avg. Price Per SF |
Avg. DOM+ |
Active | Median Price | Avg. Price Per SF | Absorption Rate based on 6 months sales |
| Beverly West* | 6 | $5,226,000 | ||||||
| The Carlyle** | 1 | $3,200,000 | $905.23 | 148 | 6 | $2,574,500 | $956.03 | ** |
| Blair House, | 2 | $1,254,500 | $564.33 | 35 | 2 | $1,997,500 | $896.14 | 5.88 |
| The Californian | 4 | $1,800,000 | $754.39 | 185 | 4 | $2,845,000 | $1,024.13 | 10 |
| The Remington | 5 | $1,350,000 | $715.78 | 73 | 3 | $1,385,000 | $679.06 | 4.82 |
| La Tour | 5 | $1,750,000 | $656.33 | 51 | 4 | $2,547,000 | $807.60 | 8 |
| The Longford | 1 | $425,000 | $297.83 | 113 | 0 | Sellers’ | ||
| Regency Wilshire | 1 | $950,000 | $396.99 | 99 | 2 | $1,631,500 | $531.95 | 11.76 |
| The Wilshire | 4 | $1,305,000 | $547.09 | 129 | 3 | $1,650,000 | $609.55 | 4.48 |
| Wilshire House | 3 | $1,326,000 | $464.75 | 88 | 5 | $2,100,000 | $832.49 | 15.15 |
| Park Wilshire | 7 | $740,000 | $389.28 | 60 | 5 | $995,000 | $389.28 | 15.15 |
| The Grand | 4 | $690,000 | $405.51 | 103 | 1 | $895,000 | $542.75 | 6 |
| The Mirabella | 5 | $1,100,000 | $465.37 | 82 | 1 | $959,000 | $465.37 | 2 |
| The Venezia | 1 | $1,200,000 | $628.93 | 41 | 0 | Sellers’ | ||
| Ten Five Sixty | 4 | $970,00 | $551.93 | 96 | 5 | $1,129,000 | $607.59 | 15.15 |
| Wilshire Manning | 1 | $1,050,000 | $402.61 | 98 | 5 | $1,250,000 | $559.32 | 30+ |
| The Churchill | 3 | $444,000 | $273.72 | 100 | 0 | Sellers’ | ||
| Wilshire Comstock | 3 | $789,000 | $399.36 | 79 | 1 | $575,000 | $385.39 | 3.03 |
| Wilshire Terrace | 3 | $2,150,000 | $644.73 | 57 | 3 | $1,100,000 | $500.06 | 6 |
| Crown Towers | 6 | $427,500 | $316.30 | 82 | 3 | $675,000 | $490.06 | 4.48 |
| Marie Antoinette | 6 | $444,950 | $290.99 | 88 | 2 | $424,000 | $290.61 | 2.99 |
| The Diplomat | 2 | $875,000 | $414.10 | 313 | 1 | $799,000 | $390.71 | N/A |
| The Dorchester | 2 | $602,500 | $427.91 | 32 | 3 | $599,000 | $427.91 | 9.09 |
| The Westford | 3 | $975,000 | $443.01 | 48 | 0 | Sellers’ | ||
| The Westholme | 3 | $360,000 | $284.97 | 187 | 3 | $735,000 | $411.16 | 18.75 |
| Wilshire Holmby | 6 | $464,000 | $315.58 | 39 | 0 | Sellers’ | $807.60 | 8 |
| Wilshire Regent | 6 | $600,000 | $479.52 | 108 | Sellers’ | |||
| Wilshire Selby E. | 2 | $425,000 | $420.17 | 265 | 0 | Sellers’ | ||
| Wilshire Selby W. | 0 | 0 | Sellers’ | |||||
| Wilshire Thayer | 3 | $560,000 | $359.44 | 69 | 3 | $679,000 | $462.82 | 18.75 |
| Wilshire Marquis | 7 | $420,000 | $385.76 | 90 | 1 | $549,900 | $392.79 | .08 |
All information from the CLAW MLS is deemed accurate but is not guaranteed.
Absorption Rate: 6 months = balanced market; Over 6 months = buyers’ market; Under 6 months = sellers’ market
* The Beverly West has just opened its sales office so statistics are not yet applicable for this building. There is one unit in escrow at a list price of $5,717,250.
** The Carlyle sells in-house also so numbers are not accurately reflected.
Average days on the market are also skewed by the fact that a listing could come on the market, sell quickly and not reflect that some units in the same building have been on the market for two years or more.
However, interpreting the above statistics as best we can the preponderance of Wilshire Corridor condos favor a sellers’ market.
Search Wilshire Corridor Condos for Sale
- 100 -400 AC Split mountain RD
- BRAWLEY CA
- $999,999,999
- Beds | 0 Baths | SqFt
- 100 Acres
- 594 S Mapleton Dr
- Los Angeles CA
- $137,500,000
- 14 Beds | 27 Baths | 56,500 SqFt
- 4 Acres
- 24331 Coto de Caza DR
- COTO DE CAZA CA
- $125,000,000
- 12 Beds | 20 Baths | 47,044 SqFt
- 137 Acres
- 16401 Calle Feliz
- RANCHO SANTA FE CA
- $84,995,000
- 26 Beds | 22 Baths | 15,000 SqFt
- 77 Acres
- 16401 Calle Feliz
- Rancho Santa Fe CA
- $84,950,000
- 26 Beds | 32 Baths | 15,000 SqFt
- 77 Acres
- 1210 Benedict Canyon Dr
- Beverly Hills CA
- $75,000,000
- 11 Beds | 20 Baths | 27,000 SqFt
- 2 Acres
- 120 Montecito Ranch Ln
- Summerland CA
- $70,000,000
- 12 Beds | 25 Baths | 27,000 SqFt
- 19 Acres
- 9214 Nightingale Dr
- West Hollywood CA
- $63,000,000
- 5 Beds | 7 Baths | 13,870 SqFt
- 0 Acres
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).
| Need Help? Have questions? Fill out the CONTACT FORM or call Jane at 310-351-9208 |