Let’s take a look at the Wilshire Corridor Condo activity for May 2012.
|Building||Sold YTD||Sold in May||Avg. Price Per S.F.+||Median Price||Active||Pending||Market|
|Ten Five Sixty||3||0||$479.55||$1,025,000||3||3|
|The Regency Wilshire||1||1||$471.96||$1,700,000||0||0|
|The Venezia||0||0||N/A||N/ A||0||0||?|
|The Westford||0||0||N/A||N/ A||1||0||?|
|Wilshire House||0||0||N/A||N/ A||6||0|
|Wilshire Selby E||2||1||$383.36||$412,500||1||2|
|Wilshire Selby W.||0||0||N/A||N/ A||1||0|
All information provided by MLS/CLAW is deemed accurate but is not guaranteed.
|Sellers’ Market||Buyers’ Market||Stable Market|
|Less than 6 months inventory||More than 6 months inventory|
* The Beverly West does not list all its active condos on the MLS. The first unit did sell quickly. However, there are approximately 35 more units for sale.
**The Carlyle sells in house also, so the figures may not be totally accurate.
+Average price per square foot also excludes high-priced penthouse units.
Not included in median price and average price per sq. ft:
++A maid’s unit sold at the Wilshire Comstock for $20,000
+++A torn-apart, one bedroom unit sold for $196,000
The market statistics are a rough indication of whether the building is trending towards a sellers’ or a buyers’ market. A question mark (?) denotes that there is not enough information available to show the trend.
There is still not a lot of movement on The Wilshire Corridor, with new inventory low. So sellers considering putting your homes on the market now would be a good time. There are buyers out there. There are also people look to rent on the Wilshire Corridor. Did I mention inventory is low?
Previous Wilshire Corridor Condo Market Reports
Wilshire Corridor Condo Market Report First Third of 2012
Wilshire Corridor Condo Market Report February 2012
Wilshire Corridor Condo Market Report 2011
Wilshire Corridor Condos for Sale
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