The Wilshire Corridor condo market has been pretty quiet over the past few months. Let’s see how October compares to September.
|Building||Sold||+/- Sept.||Price Range||
|Beverly West *||$1,202.50|
|Ten Five Sixty
|The Carlyle *||0||=||N/A||$744.78||1||N/A||3|
|The Regency Wilshire
||2||=||$320,000 to $599,000||$364.74||1||0||6|
|The Wilshire Manning||0||=||N/A||$439.53||7||2||0|
|Wilshire Selby East||0||-1||N/A||$420.34||0||0||0|
|Wilshire Selby West||0||=||N/A||$399.73||1||0||0|
|Seller’s Market||Stable Market||Buyers’ Market|
|Less than 5 months inventory||5 to 7 months inventory||More than 7 months inventory|
Information taken from the MLS/CLAW deemed reliable but not guaranteed.
* The Beverly West is not presently listing its active condos on the MLS. The first unit did sell quickly. No new figures are presently available.
**The Carlyle sells in house also, so the figures may not be totally accurate.
**This reflects the average over the past 6 months, or where there were no sales (bolded), the past 12 months.
+The Remington unit sold was a 5,290 sq. ft. penthouse suite. The average sq. ft reflects sales over the past 6 months excluding this unit.
The trend on the varies by building.
There are a total of 67 units for sale presently on the Wilshire Corridor(excluding the Beverly West), and 9 sold in the month of October.
With a total of 66 sold over the past 6 months, this averages 11 sold a month which means that it would take 6.09 months to sell the existing inventory and the number for the past three months changes very little.
This indicates that the Wilshire Corridor is a fairly balanced market overall, although the above chart indicates where each building falls.
Recent market reports
Wilshire Corridor 3rd Quarter Market Report 2012
Wilshire Corridor Half Year Market Report 2012