Wilshire Corridor Condos, 2nd Qtr 2013 in Review

Wilshire Corridor Condos News and Market Reports / By /

How did the Second Quarter of 2013 fare for Wilshire Corridor condo sales.  The first quarter was quite weak.

Since the luxury market is supposed to be creeping back,  let’s take a look.

The +/- stats are compared to the First Quarter of 2013.  Also, since one sale does not a median price make, many of those comparisons are missing.

 

Building Sold +/ Price/
Median Price		 +/-

Avg. Price
Per Sq. Ft.++

Total
Active

Price/
Median Price

 Pending
Beverly West* 0 N/A N/A N/A N/A 5 $5,552,000 0
Blair House 3 +3 $970,000 N/A $501.96 4 $1,722,500 0
Crown Towers 3 +1 $472,500 +30.39%  $411.54 1 $690,000 0
La Tour
 2 +2 $1,925,000  N/A $607.93 3 $3,195,000 1
Marie Antoinette 
 1 = $340,000 N/A  $233.04 5 $499,000 0
Park Wilshire  3 +2 $905,000 +17.53% $484.35 7 $899,000 2
Ten Five Sixty  3 +2 $820,000 N/A $465.21 0 N/A 0
The Californian
 1 +1 N/A N/A $945.08 2 $3.095,000 0
The Carlyle*
 2 +2 $3,800,000 N/A $1,074.96 2 $4,995,000 1
The Churchill  3 -1 $410,000  N/A $410.66 2 $574,000 0
The Diplomat  0 = N/A N/A $477.80 0 N/A 0
The Dorchester ** 2 +1 $736,000 N/A  $522.36 0 N/A 2
The Grand 
 2 +2 $920,000 N/A  $514.54 2 $914,500 0
The Longford  2 +2 $842,000 N/A  $419.43 2 $1,274,700 0
The Mirabella  4 +3 $1,142,500 N/A $529.10 0 N/A 0
The Regency Wilshire 0  = N/A N/A  $471.96 0 N/A 0
The Remington
 3 +2 $905,000 N/A $484.35 7 $899,000 2
The Venezia  0 =  N/A N/A  N/A 0 N/A 0
The Westford 1 -1 $1,400,000 N/A $424.12 1 $1,199,000 1
The Westholme 3 +2 $925,000 N/A $397.63 5 $770,000 1
The Wilshire 0 = N/A N/A $637.05 6 $2,522,000 0
Wilshire Comstock
 1 -3 $501.888 N/A $358.24 2 $797,500 1
Wilshire Holmby 1 = $400,000 N/A $262.12 0 N/A 2
Wilshire House*** 0 -1 N/A N/A $966.53 1 $2.150,000 2
The Wilshire Manning  3 +3 $1,150,000 N/A $472.83 0 N/A 2
Wilshire Marquis 1 = $552,000 N/A $507.35 1 $539,900 2
Wilshire Regent 4 +1 $457,500 +14.37% $566.50 1 $585,000 3
Wilshire Selby East  1 +1 $515,000 N/A  $594.84 0 N/A 0
Wilshire Selby West 2 +2 $411,250  N/A $431.08 0 N/A 5
Wilshire Terrace  3 +2 $742,000  N/A $344.50 4 $964,500 1
Wilshire Thayer  0 -1 N/A N/A $295.62 3 $599,500 1

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

* The Beverly West does not list all its units on the MLS.

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

**A penthouse sold at The Dorchester for $3,975,000 which was not included above.

***Wilshire House as a penthouse for sale at $12,800,000, not included above.

++ This is the last recorded price per sq. ft. where none is presently available.

Wilshire Corridor condos sales for the 2nd Qtr of 2013 were up over or equal to the 1st Qtr.   The exceptions to this were The Churchill, The Westford, Wilshire House and Wilshire Thayer,  which were each down by one unit.

Where the median price change makes any sense, it is up significantly in each instance.

If you are thinking of buying a condo on the Wilshire Corridor, you might pay attention to Marie Antoinette,  Park Wilshire, The Remington, The Westholme, and The Wilshire,  all of which have a healthy amount of inventory.

Now would be a great time for Wilshire Corridor condo sellers to put their homes on the market.

Wilshire Corridor rentals are also in short supply.

Recent market reports

Wilshire Corridor Condos.  First Quarter 2013 in Review
Wilshire Corridor Condo Market:   The Year in Review
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)

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Condo Condo
Rental Rental
Land Land
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