How Did Wilshire Corridor Condo Sales do in 2015?

Wilshire Corridor Condos News and Market Reports / By /

Let’s see how Wilshire Corridor condo sales did 2015 and compare it to 2014 activity.

Penthouse units are excluded from the statistics. 

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Building Sold +/2014 Median Price % +/- 2014

Avg. Price
Per Sq. Ft.

Total
Active

Median Price

 Pending
Beverly West* 1 -1 $7,900,000 N/A $2,334.12 0 N/A 0
Blair House 6 +5 $2,355,000 N/A $876.41 2 $944,500 1
Crown Towers 6 +4 $580,000 +8.41 $499.49 2 $964,250 0
La Tour 4 -4 $1,937,500 -30.0 $718.55 5 $2,590,000 0
Marie Antoinette  1 -2 $743,800 +16.22 $509.80 1 $649,000 0
Park Wilshire  5 = $1,243,000 +17.82 $613.74 1 $1,549,000 0
Ten Five Sixty  10 +4 $1,100,000 -5.38 $594.50 1 $1,189,900 1
The Californian 1 +1 N/A N/A $928.03 2 $3,300,000 0
The Carlyle**
 22 +9 $3,227,500 +18.44 $1,037.01 4 $4,595,000 0
The Churchill  6 +4 $525,000 -17.32 $495.41 2 $1,175,000 2
The Diplomat  1 -3 $1,239,000 N/A $605.87 1 $1,525,000 0
The Dorchester  4 -4 $730,000 -3.31 $484.98 0 N/A 0
The Grand  6 +1 $872,500 -10.97 $495.87 1 $1,399,000 0
The Longford   5 +3 $899,000 +6.77 $505.38 0 N/A 0
The Mirabella  8 = $1,512,500 +37.97 $682.19 1 $1,395,000 1
The Regency Wilshire 3 +2 $1,400,000 N/A $512.52 0 N/A 0
The Remington 4 -4 $2,462,500 +8.12 $732.93 6 $2.,209,500 2
The Venezia  3 +2 $1,279,000 +6.58 $721.19 1 $2,799,000 0
The Westford 4 +3 $793,500 N/A $470.02 0 N/A 2
The Westholme 10 +4 $607,630 -14.72 $436.00 1 $1,795,000 0
The Wilshire 1 -4 $3,250,000 N/A $1,027.51 2 $2,724,500 2
Wilshire Comstock 13 +1 $750,000 -7.0 $474.46 0 N/A 0
Wilshire Holmby 9 +3 $649,000 +40.02 $493.74 1 $859,000 0
Wilshire House 1 -1 $1,650,000 N/A $734.97 2 $3,497,000 0
The Wilshire Manning  9 +3 $980,000 -11.31 $469.95 0 N/A 1
Wilshire Marquis
7 = $600,000 +2.56 $557.41 1 $725,000 2
Wilshire Regent 16 +5 $475,000 +5.55 $645.55 3 $580,000 1
Wilshire Selby East  4 +4 $516,000 +29.00 $519.98 1 $525,000 0
Wilshire Selby West 5 -3 $565,000 +32.32 $601.75 2 $612,450 o
Wilshire Terrace 6 +3 $797,250 -16.08 $399.67 0 N/A 0
Wilshire Thayer  12 +11 $887,500 N/A $479.17 0 N/A 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 sells in-house and does not list or report all its activity.

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

Whether it is a sellers’ or a buyers’ market for each building depends loosely on the number of sales over the past six months, but if there has been no inventory for those months and new units come on the market the calculations do not work. The above chart is based more on the history for each building. Units in some buildings tend to linger on the market longer, especially the higher priced units. Also, the median price changes may reflect an unusually high or low priced sale in the current or previous period.

Overall, sales were up in 2015 compared with the previous year. More inventory is still needed to fill buyer demand.

Other Wilshire Corridor condo market reports

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