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
- MLS® #: 23-336931
- 10250 W Sunset Blvd
- Los Angeles CA
- $55,000,000
- 14 Bed | 25 Bath | 30,000 SqFt
- 2.81 Acres
- MLS® #: 24-351991
- 27910 Pacific Coast Highway
- Malibu CA
- $54,950,000
- 4 Bed | 7 Bath | 5,154 SqFt
- 2.28 Acres
- MLS® #: 23-340673
- 24844 Malibu Rd
- Malibu CA
- $53,000,000
- 4 Bed | 5 Bath | 4,021 SqFt
- 0.13 Acres
- MLS® #: 23-247789
- 1 W Century Dr PH39
- Los Angeles CA
- $50,000,000
- 3 Bed | 7 Bath | 9,420 SqFt
- 3.7 Acres
- MLS® #: 24-343205
- 677 Nimes Rd
- Los Angeles CA
- $49,990,000
- 6 Bed | 11 Bath | 20,000 SqFt
- 0.74 Acres
- MLS® #: 24-350901
- 1601 Casale Rd
- Pacific Palisades CA
- $49,950,000
- 7 Bed | 11 Bath | 13,653 SqFt
- 0.64 Acres
- MLS® #: 24-363047
- 10066 Cielo Dr
- Beverly Hills CA
- $49,500,000
- 9 Bed | 18 Bath | 21,000 SqFt
- 3.6 Acres
- MLS® #: 23-339325
- 51 Beverly Park Way
- Beverly Hills CA
- $48,500,000
- 9 Bed | 13 Bath | 16,225 SqFt
- 1.98 Acres
- MLS® #: 24-371639
- 15210 Antelo Pl
- Los Angeles CA
- $48,000,000
- 7 Bed | 15 Bath | 15,042 SqFt
- 3.22 Acres
- MLS® #: 24-343009
- 38 Beverly Park Cir
- Beverly Hills CA
- $47,500,000
- 5 Bed | 11 Bath | 17,365 SqFt
- 2.83 Acres
- MLS® #: 23-305721
- 28034 Sea Lane Dr
- Malibu CA
- $47,500,000
- 3 Bed | 4 Bath | 5,507 SqFt
- 0.72 Acres
- MLS® #: 23-292985
- 780 Tortuoso Way
- Bel Air CA
- $47,000,000
- Bed | 0 Bath | 0 SqFt
- 4.56 Acres
- MLS® #: 23-305277
- 470 Layton Way
- Los Angeles CA
- $47,000,000
- 8 Bed | 10 Bath | 25,000 SqFt
- 4.56 Acres
- MLS® #: 24-344501
- 320 St Pierre Rd
- Los Angeles CA
- $46,000,000
- 8 Bed | 11 Bath | 0 SqFt
- 0.95 Acres
- MLS® #: 23-329849
- 1625 Summitridge Dr
- Beverly Hills CA
- $45,950,000
- 7 Bed | 11 Bath | 19,000 SqFt
- 0.79 Acres
- MLS® #: 23-237593
- 1006 N Crescent Dr
- Beverly Hills CA
- $45,000,000
- 10 Bed | 9 Bath | 8,484 SqFt
- 1.26 Acres
- MLS® #: 23-326547
- 615 N Faring Rd
- Los Angeles CA
- $45,000,000
- 6 Bed | 12 Bath | 17,661 SqFt
- 0.69 Acres
- MLS® #: 24-370407
- 0 Copa De Oro Rd
- Los Angeles CA
- $44,970,000
- 6 Bed | 10 Bath | 11,664 SqFt
- 1.81 Acres
- MLS® #: 22-185169
- 277 ST PIERRE RD
- LOS ANGELES CA
- $44,950,000
- 8 Bed | 20 Bath | 36,000 SqFt
- 1.1 Acres
- MLS® #: 23-337281
- 1500 Gilcrest Dr
- Beverly Hills CA
- $44,950,000
- 5 Bed | 9 Bath | 11,000 SqFt
- 0.78 Acres
- MLS® #: 23-321409
- 2650 Benedict Canyon Dr
- Beverly Hills CA
- $44,800,000
- 7 Bed | 11 Bath | 16,390 SqFt
- 1.84 Acres
- MLS® #: 24-351101
- 1680 N Doheny Dr
- Los Angeles CA
- $43,000,000
- 5 Bed | 8 Bath | 13,500 SqFt
- 1.17 Acres
- MLS® #: 23-274217
- 33602 Pacific Coast Hwy
- Malibu CA
- $42,500,000
- 6 Bed | 8 Bath | 6,451 SqFt
- 0.7 Acres
- MLS® #: 23-321839
- 9501 Gloaming Dr
- Beverly Hills CA
- $40,000,000
- 6 Bed | 6 Bath | 6,377 SqFt
- 7.71 Acres
- MLS® #: 24-367921
- 23812 Malibu Rd
- Malibu CA
- $39,995,000
- 6 Bed | 8 Bath | 4,551 SqFt
- 0.25 Acres
- MLS® #: 23-239105
- 1380 Mockingbird
- Los Angeles CA
- $39,950,000
- 6 Bed | 11 Bath | 14,000 SqFt
- 1.54 Acres
- MLS® #: 23-237947
- 755 Sarbonne Rd
- Los Angeles CA
- $39,900,000
- 6 Bed | 10 Bath | 15,000 SqFt
- 1.04 Acres
- MLS® #: 23-330497
- 530 S Mapleton Dr
- Los Angeles CA
- $39,750,000
- 11 Bed | 27 Bath | 33,652 SqFt
- 1.29 Acres
- MLS® #: 23-325215
- 24834 Pacific Coast Hwy
- Malibu CA
- $39,500,000
- 5 Bed | 8 Bath | 10,000 SqFt
- 1.22 Acres
- MLS® #: 22-136367
- 1 Senderos Canyon
- BEL AIR CA
- $39,000,000
- Bed | 0 Bath | 0 SqFt
- 263 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).
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