Wilshire Corridor Condo Market: The Year in Review

Another year has flown by and it is time to check in on the Wilshire Corridor condo market to see how sales progressed over 2012 compared with 2011.  Was there any improvement?  Let’s take a look.

The figures are based on 2 bedrooms units and up and do not include penthouse units.

Building Sold +/2011 Median Price +/- 2011

Avg. Price
Per Sq. Ft.**

Total
Active

Median Price

Pending
Beverly West * 1 +1  $5,000,000 N/A  $1,202.50 N/A  N/A  N/A
Blair House 
4  +2 $1,393,500 +11.08% $684.06 3 $2,625,000 0
Crown Towers 1  -5 $475,000 N/A  $415.36 3 $785,000 2
La Tour
2 -3 $2,060,000  +17.71% $655.42 2 $2,312,000 1
Marie Antoinette 
5 -1 $400,000 -10.10%  $287.20 0 N/A 2
Park Wilshire  6 -2 $692,544 -4.80% $368.78 1 $1,299,000 1
Ten Five Sixty  8 +4 $962,500 -0.62% $472.32 4 $964,500 2
The Californian
5 +1 $2,100,000 +16.67 $789.71 5 $2,795,000 0
The Carlyle ** 4 +3 $2,525,000 N/A $851.47 7 $3,795,000 2
The Churchill  2 -2 $562,500  +25.84% $330.79 2 $607,000 0
The Diplomat  2 = $1,060,000  +21.14% $477.80 0 N/A 0
The Dorchester  6 +4 $712,500 +18.26%  $403.27 3 $750,000 2
The Grand 
4  = $615,000 -10.87%  $348.05 0 N/A 1
The Longford  3 +2 $525,000 N/A  $389.50 3 $948,880 0
The Mirabella  3 -2 $980,000 -10.91% $473.43 1 $1,330,000 1
The Regency Wilshire  1  = $1,700,000 N/A  $471.96 1 $1,495,000 0
The Remington
6 +1 $1,542,000 +14.22% $675.45 4 $2,845,000 0
The Venezia  0 -1  N/A N/A  N/A 0 N/A 0
The Westford 2 -1 $1,007,200 +3.30% $473.98 1 $1,299,000 3
The Westholme 7 +3 $483,000 +34.17% $320.93 4 $847,000 0
The Wilshire 4 = $1728,875 +32.48% $637.05 0 N/A 0
Wilshire Comstock
8  = $615,000 -20.02% $390.76 1 $750,000 3
Wilshire Holmby 4 -2 $460,000 -0.86% $336.79 0 N/A 0
Wilshire House 5 +2 $1,900,000 +43.29% $726.84 2 $2.085,000 0
The Wilshire Manning  1 = $1,160,000 N/A $476.78 6 $1,061,500 0
Wilshire Marquis 5 -2 $495,000 +17.86 $435.79 1 $590,000 1
Wilshire Regent 12 +4 $406,250 -29.35% $526.52 2 $475,000 2
Wilshire Selby East+  5 +2 $450,000 +4.65%  $421.00 0 N/A 0
Wilshire Selby West + 1 -5 $355,000  N/A $416.18 0 N/A 1
Wilshire Terrace  5 +4 $572,500  N/A $317.08 1 $795.000 1
Wilshire Thayer  1 -3 $1,150,000 N/A $535.88 2 $540,000 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

* The Beverly West is not presently listing its active condos on the MLS.  The first unit did sell quickly.  No listing information is presently available on the MLS.

**The Carlyle sells in house also, so the figures may not be totally accurate.

+These figures include one bedroom units

The majority of Wilshire Corridor condo buildings are favoring sellers, the exceptions being, Beverly West, Blair House, La Tour, The Longford, Regency Wilshire, Wilshire Manning, and The Thayer.  The Californian, The Remington, The Churchill, and The Westford are all balanced between buyers and sellers.

It is difficult to see a trend with some of the median prices up and others down, the same with number of sales.  But overall, buyers are looking for condos on the Wilshire Corridor, and som fresh, new inventory would be welcome.

Recent market reports

Wilshire Corridor Condo Market Report November 2012
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)

$190,000,000
7
20
8
10644 Bellagio Rd
Los Angeles CA
Listed by Rodeo RealtyCARETS logo
$125,000,000
7
12
22,000
0
7661 Curson Ter
Los Angeles CA
Listed by The Beverly Hills EstatesCARETS logo
$120,000,000
9
13
14,941
1
10936 Chalon Rd
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$108,888,888
12
17
2
1200 Bel Air Rd
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$95,000,000
9
20
18,784
3
729 Bel Air Rd
Los Angeles CA
Listed by Westside Estate Agency Inc.CARETS logo
$85,000,000
4
5
23,894
0
9126 Cordell Dr
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$72,500,000
7
9
13,400
0
9006 Thrasher Ave
Los Angeles CA
Listed by Coldwell Banker RealtyCARETS logo
$70,000,000
9
15
20,000
3
3099 Mandeville Canyon Rd
Los Angeles CA
Listed by Nourmand & Associates-BHCARETS logo
$68,000,000
9
14
0
9330 Flicker Way
Los Angeles CA
Listed by The Beverly Hills EstatesCARETS logo
$61,500,000
1
13
17,000
1
200 S Mapleton Dr
Los Angeles CA
Listed by Westside Estate Agency Inc.CARETS logo
$59,900,000
9
14
26,522
1
133 S Mapleton DR
LOS ANGELES CA
Listed by Christie's International Real Estate SoCalCARETS logo
$59,500,000
1
19
21,000
1
107 Delfern Dr
Los Angeles CA
Listed by Carolwood EstatesCARETS logo
$55,000,000
5
17
24,920
2
1101 Bel Air Pl
Los Angeles CA
Listed by CompassCARETS logo
$49,995,000
9
15
16,305
0
250 N Carolwood Dr
Los Angeles CA
Listed by Carolwood EstatesCARETS logo
$49,500,000
6
9
9,960
5
12833 Chalon Rd
Los Angeles CA
Listed by CompassCARETS logo
$49,500,000
7
11
11,449
2
12705 Chalon Rd
Los Angeles CA
Listed by CompassCARETS logo
$49,500,000
5
9
7,826
1
570 S Mapleton Dr
Los Angeles CA
Listed by Westside Estate Agency Inc.CARETS logo
$48,985,000
8
11
11,015
13
1005 Bel Air Ct
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$47,000,000
8
10
25,000
0
470 Layton Way
Los Angeles CA
Listed by The Beverly Hills EstatesCARETS logo
$45,000,000
0
0
1787 N Highland Ave
Los Angeles CA
Listed by Keller Williams Beverly HillsCARETS logo
$42,950,000
11
22
34,450
1
677 N Faring Rd
Los Angeles CA
Listed by The AgencyCARETS logo
$41,950,000
7
12
13,500
0
250 S Rockingham Ave
Los Angeles CA
Listed by The AgencyCARETS logo
7
11
20,018
3
24255 Bridle Trail RD
HIDDEN HILLS CA
Listed by Douglas Elliman of California, Inc.CARETS logo
$39,995,000
7
10
11,050
0
701 Nimes Rd
Los Angeles CA
Listed by Sotheby's International RealtyCARETS logo
$39,995,000
9
16
21,344
1
822 N Kenter
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$39,995,000
6
10
1
684 Firth Ave
Los Angeles CA
Listed by Carolwood EstatesCARETS logo
8
12
17,254
4
2100 Stratford CIR
LOS ANGELES CA
Listed by RE/MAX OneCARETS logo
$39,000,000
0
1
805 Nimes
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$38,000,000
9
16
0
1204 Chickory Ln
Los Angeles CA
Listed by The AgencyCARETS logo
$38,000,000
6
12
12,000
0
12745 Hanover St
Los Angeles CA
Listed by CompassCARETS logo
$37,500,000
7
11
14,287
1
10790 Bellagio Rd
Los Angeles CA
Listed by Carolwood EstatesCARETS logo
$36,800,000
6
10
13,000
0
1851 N Stanley Ave
Los Angeles CA
Listed by The Beverly Hills EstatesCARETS logo
6
10
16,779
2
25079 Jim Bridger RD
HIDDEN HILLS CA
Listed by Christie's Int. R.E SoCalCARETS logo
$35,998,000
7
15
15,042
3
15210 Antelo Pl
Los Angeles CA
Listed by CompassCARETS logo
$35,995,000
4
8
12,010
0
9259 Robin Dr
Los Angeles CA
Listed by Westside Estate Agency Inc.CARETS logo
$35,500,000
9
14
15,360
5
2911 Antelo View Dr
Los Angeles CA
Listed by Sotheby's International RealtyCARETS logo
$35,000,000
5
9
14,438
0
642 Perugia Way
Los Angeles CA
Listed by Revel Real EstateCARETS logo
$34,990,000
5
9
9,687
0
9199 Thrasher Ave
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$34,950,000
6
12
17,661
0
615 N Faring Rd
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$34,750,000
5
7
11,000
2
642 Siena Way
Los Angeles CA
Listed by Westside Estate Agency Inc.CARETS logo
$34,500,000
0
2
150 S Carolwood Dr
Los Angeles CA
Listed by Carolwood EstatesCARETS logo
$32,500,000
5
7
11,179
0
9265 Robin Dr
Los Angeles CA
Listed by Westside Estate Agency Inc.CARETS logo
$32,388,888
7
11
11,800
0
12770 S Bristol Cir
Los Angeles CA
Listed by The AgencyCARETS logo
6
10
21,670
2
24105 HIDDEN RIDGE RD
HIDDEN HILLS CA
Listed by Douglas Elliman of California, Inc.CARETS logo
$29,999,000
6
8
6,190
1
355 S Bristol Ave
Los Angeles CA
Listed by CompassCARETS logo
$29,950,000
9
14
15,600
0
491 N Tigertail Rd
Los Angeles CA
Listed by The AgencyCARETS logo
$29,950,000
0
16,000
1
948 Bel Air Rd
Los Angeles CA
Listed by The Beverly Hills EstatesCARETS logo
$28,950,000
6
7
11,800
0
1305 Collingwood Pl
Los Angeles CA
Listed by CompassCARETS logo
8
15
14,604
2
100 Palm Hill LN
BRADBURY CA
Listed by Pinnacle Real Estate GroupCARETS logo
$27,500,000
6
9
9,071
0
164 N Bristol Ave
Los Angeles CA
Listed by The Beverly Hills EstatesCARETS logo
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