Wilshire Corridor Condo Market Report November 2012

The  Wilshire Corridor is a section of Wilshire Blvd. in Westwood  stretching from just east of Westwood Blvd. to the Los Angeles Country Club.  Populated with high end condominium buildings it is a much sought-after location for those seeking luxury accommodation in full-service buildings with spectacular views.

Let’s check in and see how Wilshire Corridor condo sales did in November 2012.

Building Sold +/- Sept. Price Range

Avg. Price
Per Sq. Ft.**

Total
Active

Price Range

New
Oct.
Pending
Beverly West *  $1,202.50
Blair House 
1  +1 $1,249,000 $449.93 4 $825,000 to $4,196,000 1 0
Crown Towers
0  = N/A  $407.62 5 $490,000 to $795,000 1 3
La Tour  0  -1 $1,920,000 $655.42 2 $2,100,000 to $2,649,000 0 1
Marie Antoinette  1 +1 $419,026  $287.20 1 $385,000 0 2
Park Wilshire 0 -1 N/A $361.01 4 $499,000 to $1,299,000 0 1
Ten Five Sixty 
1 = $1,740,000 $621.87 4 $845,000 to $2,595,000 2 2
The Californian
0  = N/A $895.74 6 $2,150,000 to $11,995,000  1 1
The Carlyle * 0  = N/A $744.78 8 $2,725,000 to $4,295,000 N/A 2
The Churchill 
0 = N/A $323.41 2 $575,000 to $639,000 0 2
The Diplomat 
0 = N/A $477.80 0 N/A 0 0
The Dorchester 
0 = N/A  $403.27 2 $750,000 to $4,200,000 0 3
The Grand 
0  = N/A  $365.61 0 N/A 0 1
The Longford 
0  = N/A $358.71 3 $549,500 to $2,250,000 2 0
he Mirabella 
0  = N/A $497.34 1 $1,330,000 1 1
The Regency Wilshire
0  = N/A  $471.96 1 $1,495,000 0 0
The Remington
2 +1 $1,850,000 to $2,375,000 $801.71 4 $1,850,000 $3,495,000 1 0
The Venezia 
0 N/A  N/A  N/A 0 N/A 0 0
The Westford
0 -1 N/A $473.98 2 $1,299,000 to $1,485,000 0 2
The Westholme
2 +1 $822,700 to $1,149,000 $393.73 3 $525,000 to $1,149,000 0 1
The Wilshire
1 +1 $2,575,000 $827.71 1 $1,995,000 0 0
Wilshire Comstock
3  +1 $362,000 to $1.650,000 $406.14 3 $569,900 to $750,000  0 4
Wilshire Holmby 0 = N/A $351.64 0 N/A 0 1
Wilshire House 1 +1 $2,735,000 $1,094.00 2 $1,420,000 to $2,750,000 2 1
The Wilshire Manning  0 = N/A $439.53 7 $385,000 to $1,249,000 1 0
Wilshire Marquis 0 = N/A $435.79 2 $559,000 to $595,000 0 0
Wilshire Regent 1 = $625,000 $515.68 3 $475,000 to $760,000 1 2
Wilshire Selby E. 0 = N/A  $420.34 0 N/A 0 0
Wilshire Selby W. 0 = N/A $399.73 1 $349,000 1 1
Wilshire Terrace  2 +2 $700,000 to $955,000 $376.14 1 $795.000 0 1
Wilshire Thayer
0 = N/A $463.72 2 $505,000 to $575,000 0 1
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.

Prices in red reflect penthouses or, in the case of the Wilshire Comstock, two units combined.

* 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.

**Where no sales have occurred this reflects the average of the nearest sale(s).

There are a total of 75 units for sale presently on the Wilshire Corridor, 8 more than in October, and 15 sold in the month of October 6  more than October.

With a total of 71 sold over the past 6 months, this averages 11 .83 sold a month which means that it would take 6.34 months to sell the existing inventory.  Over the past 3 months 29 have sold which is an average of 9.67 per month.  This means that it would take 7.76 months to sell the existing inventory.  Basically this is a buyers’ market.

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 Condos Market Report October 2012
Wilshire Corridor 3rd Quarter Market Report 2012
Wilshire Corridor Half Year Market Report 2012

Wilshire Corridor Condos for Sale


(Sample listings)

$135,000,000
8
20
1.22
607 Siena Way
Los Angeles CA
Listed by Carolwood EstatesCARETS logo
$125,000,000
7
12
22000
0.97
7661 Curson Ter
Los Angeles CA
Listed by The Beverly Hills EstatesCARETS logo
$99,950,000
12
17
2.08
1200 Bel Air Rd
Los Angeles CA
Listed by CompassCARETS logo
$95,000,000
9
20
18784
3.32
729 Bel Air Rd
Los Angeles CA
Listed by Westside Estate Agency Inc.CARETS logo
$85,000,000
4
7
23894
0.29
9126 Cordell Dr
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$72,500,000
7
9
13400
0.41
9006 Thrasher Ave
Los Angeles CA
Listed by Coldwell Banker RealtyCARETS logo
$70,000,000
9
15
20000
3.84
3099 Mandeville Canyon Rd
Los Angeles CA
Listed by Nourmand & Associates-BHCARETS logo
$68,000,000
9
14
0.9
9330 Flicker Way
Los Angeles CA
Listed by CompassCARETS logo
$59,900,000
9
14
26522
1.1
133 S Mapleton DR
LOS ANGELES CA
Listed by Christie's International Real Estate SoCalCARETS logo
$55,000,000
5
17
24920
2.33
1101 Bel Air Pl
Los Angeles CA
Listed by CompassCARETS logo
$55,000,000
6
10
18000
1.06
1165 Somera Rd
Los Angeles CA
Listed by CompassCARETS logo
$49,995,000
9
15
16305
0.97
250 N Carolwood Dr
Los Angeles CA
Listed by Carolwood EstatesCARETS logo
$49,500,000
7
11
11449
2.47
12705 Chalon Rd
Los Angeles CA
Listed by CompassCARETS logo
$49,500,000
6
9
9960
5.37
12833 Chalon Rd
Los Angeles CA
Listed by CompassCARETS logo
$48,985,000
8
11
11015
13.38
1005 Bel Air Ct
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$48,000,000
7
14
15350
0.84
145 N Mapleton Dr
Los Angeles CA
Listed by CompassCARETS logo
$47,000,000
8
10
25000
4.5623737373737
470 Layton Way
Los Angeles CA
Listed by The Beverly Hills EstatesCARETS logo
$42,500,000
5
9
7826
1.45
570 S Mapleton Dr
Los Angeles CA
Listed by Westside Estate Agency Inc.CARETS logo
$41,950,000
7
12
13500
0.58
250 S Rockingham Ave
Los Angeles CA
Listed by The AgencyCARETS logo
$39,995,000
6
10
1.93
684 Firth Ave
Los Angeles CA
Listed by Carolwood EstatesCARETS logo
$39,995,000
9
16
21344
1.98
822 N Kenter
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$39,995,000
7
10
11050
0.89
701 Nimes Rd
Los Angeles CA
Listed by Sotheby's International RealtyCARETS logo
$39,995,000
6
11
9052
1.4995408631772
400 St Cloud Rd
Los Angeles CA
Listed by CompassCARETS logo
7
11
20018
3
24255 BRIDLE TRAIL RD
HIDDEN HILLS CA
Listed by Douglas Elliman of California, Inc.CARETS logo
8
12
17254
4
2100 Stratford CIR
LOS ANGELES CA
Listed by RE/MAX OneCARETS logo
$39,000,000
0
1.29
805 Nimes
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$38,000,000
6
12
12000
0.69
12745 Hanover St
Los Angeles CA
Listed by CompassCARETS logo
$38,000,000
6
11
18240
0.56
2078 Stradella Rd
Los Angeles CA
Listed by Coldwell Banker RealtyCARETS logo
$38,000,000
9
16
0.73
1204 Chickory Ln
Los Angeles CA
Listed by The AgencyCARETS logo
$36,950,000
7
14
17000
0.65
721 N Bonhill Rd
Los Angeles CA
Listed by Carolwood EstatesCARETS logo
$36,800,000
6
10
13000
0.52
1851 N Stanley Ave
Los Angeles CA
Listed by The Beverly Hills EstatesCARETS logo
6
10
16779
2
25079 Jim Bridger RD
HIDDEN HILLS CA
Listed by Rodeo RealtyCARETS logo
$35,998,000
7
15
15042
3.22
15210 Antelo Pl
Los Angeles CA
Listed by CompassCARETS logo
$35,500,000
9
14
15360
5.36
2911 Antelo View Dr
Los Angeles CA
Listed by Sotheby's International RealtyCARETS logo
$34,999,999
8
11
11674
1.2
11968 Brentridge Dr
Los Angeles CA
Listed by Westside Estate Agency Inc.CARETS logo
$34,990,000
5
9
9687
0.41
9199 Thrasher Ave
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$34,500,000
0
2.25
150 S Carolwood Dr
Los Angeles CA
Listed by Carolwood EstatesCARETS logo
$32,500,000
4
8
12010
0.66
9259 Robin Dr
Los Angeles CA
Listed by The Beverly Hills EstatesCARETS logo
$32,388,888
7
11
11800
0.6
12770 S Bristol Cir
Los Angeles CA
Listed by The AgencyCARETS logo
6
10
21670
2
24105 HIDDEN RIDGE RD
HIDDEN HILLS CA
Listed by Douglas Elliman of California, Inc.CARETS logo
$29,995,000
5
7
11179
0.56
9265 Robin Dr
Los Angeles CA
Listed by Westside Estate Agency Inc.CARETS logo
$29,950,000
0
16000
1
948 Bel Air Rd
Los Angeles CA
Listed by The Beverly Hills EstatesCARETS logo
$29,750,000
5
7
11000
2.39
642 Siena Way
Los Angeles CA
Listed by Westside Estate Agency Inc.CARETS logo
$28,950,000
6
7
11800
0.43
1305 Collingwood Pl
Los Angeles CA
Listed by CompassCARETS logo
8
15
14604
2
100 Palm Hill LN
BRADBURY CA
Listed by Sothebys International RealtyCARETS logo
$27,000,000
6
6
9297
0.46
717 Moreno Ave
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
8
12
15500
2
61 Palm Hill LN
BRADBURY CA
Listed by Pacific Sotheby's Int'l RealtyCARETS logo
$26,900,000
5
8
9206
0.65
13215 Riviera Ranch Rd
Los Angeles CA
Listed by Destination Home, Inc.CARETS logo
$26,000,000
0
2.27
344 Delfern Dr
Los Angeles CA
Listed by Carolwood EstatesCARETS logo
7
10
14850
1
25151 JIM BRIDGER RD
HIDDEN HILLS CA
Listed by Douglas Elliman of California, Inc.CARETS logo
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