Let’s take a look at the Wilshire Corridor Condo activity for May 2012.
|Building||Sold YTD||Sold in May||Avg. Price Per S.F.+||Median Price||Active||Pending||Market|
|Ten Five Sixty||3||0||$479.55||$1,025,000||3||3|
|The Regency Wilshire||1||1||$471.96||$1,700,000||0||0|
|The Venezia||0||0||N/A||N/ A||0||0||?|
|The Westford||0||0||N/A||N/ A||1||0||?|
|Wilshire House||0||0||N/A||N/ A||6||0|
|Wilshire Selby E||2||1||$383.36||$412,500||1||2|
|Wilshire Selby W.||0||0||N/A||N/ A||1||0|
All information provided by MLS/CLAW is deemed accurate but is not guaranteed.
|Sellers’ Market||Buyers’ Market||Stable Market|
|Less than 6 months inventory||More than 6 months inventory|
* The Beverly West does not list all its active condos on the MLS. The first unit did sell quickly. However, there are approximately 35 more units for sale.
**The Carlyle sells in house also, so the figures may not be totally accurate.
+Average price per square foot also excludes high-priced penthouse units.
Not included in median price and average price per sq. ft:
++A maid’s unit sold at the Wilshire Comstock for $20,000
+++A torn-apart, one bedroom unit sold for $196,000
The market statistics are a rough indication of whether the building is trending towards a sellers’ or a buyers’ market. A question mark (?) denotes that there is not enough information available to show the trend.
There is still not a lot of movement on The Wilshire Corridor, with new inventory low. So sellers considering putting your homes on the market now would be a good time. There are buyers out there. There are also people look to rent on the Wilshire Corridor. Did I mention inventory is low?
Previous Wilshire Corridor Condo Market Reports
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