Wilshire Corridor Third Quarter Market Report 2012

Let’s see how the Wilshire Corridor condo market is doing so far this year.

 Information taken from the MLS/CLAW deemed reliable but not guaranteed.

 

Building Sold Over 2011 Median Price % Over 2011 Avg. Price per Sq. Ft. Active Pending Market
Beverly West* 1  N/A $5,000,000  N/A $1,202.50 ? 0
Blair House 
3 +1 $1,538,000 22.65 $765.74 4 0
Crown Towers 4  +3 $425,000 4.93  $395.20 6 0
La Tour
1  -3 $2,200,000  N/A $699.97 2 2
Marie Antoinette 
3 -1  $400,000 -3.60  $301.58 4 0
Park Wilshire  4 -4 $616,000 -15.33 $360.57 5 1
Ten Five Sixty 6 +2 $962,500 -0.82 $459.29 4 2
The Californian
3 = $2,575,000 66.13 $895.74 5 1
The Carlyle ** 4  +3 $2,525,000  N/A $851.47 7 0
The Churchill  3 -1 $385,000  -23.36 $323.41 1 1
The Diplomat  2 =  $1,060,000  N/A $477.80 1 0
The Dorchester  5  +4 $707,000 N/A  $378.93 3 1
The Grand 
4 = $615,000 -10.87  $348.05 0 1
The Longford  3 +2 $525,000 N/A $358.71 1 0
The Mirabella 3 = $980,000 -10.91 $473.43 0 1
The Regency Wilshire  1 = $1,700,000 N/ A  $471.96 1 0
The Remington
3 -2  $1,125,000 -16.67% $581.10 5 0
The Venezia  0 -1 N/ A N/ A  N/A 0 0
The Westford 1 -1 $1,440,000 N/ A $533.33 2 2
The Westholme 4  +1  $398,750  10.76 $285.38 1 3
The Wilshire 2 = $1,238,875  N/ A $492.01 2 0
Wilshire Comstock++ 8 1 $560,000 -29.02 $368.34 2 5
Wilshire Holmby 6  -1 $394,500 -7.18 $338.14 2 1
Wilshire House 3 = $1,900,000 43.29 $646.65 6 0
Wilshire Manning 2 = $785,000  +6.37 $439.53 5 0
Wilshire Marquis 5  = $495,000  17.86 $412.11 2 0
Wilshire Regent 11 +7 $372,500 -12.47 $476.46 5 3
Wilshire Selby East  5 +2 $395,000  -8.14  $404.02 0 0
Wilshire Selby West  0  -5 $320,000 N/ A $376.43 1 0
Wilshire Terrace 6  +2 $756,250 -52.36 $389.69 4 1
Wilshire Thayer  2 -2 $1,850,000  N/A $483.98  2 1

All information provided by MLS/CLAW is deemed accurate but is not guaranteed.

Seller’s Market Buyers’ Market Stable Market
Less than 6 months inventory More than 6 months inventory  Or Not Enough Info

* 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.

++The Comstock sold a maid’s unit and a unit that was completely wrecked, both of which are not reflected in the figures.

Wilshire Corridor condo sales is more or less balanced between an sellers’ and a buyers’ market, with the median price having dropped in many buildings.

Wilshire Corridor condo buyers and sellers should be out in force.  There are units available but fresh inventory is likely to go quickly if priced right.

Wilshire Corridor Condos for Sale

 

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