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Wilshire Corridor Condo Market Report 2017

Posted by janepeters on January 3, 2018
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Another year has passed and it’s time to take a look at the Wilshire Corridor condo market report for 2017.

Wilshire Corridor condo market report 2017

1200 Club View Drive – Beverly West
Number sold: 2
Average price: $4,866,666
Average price per sq. ft: $1,591.35
(No sales recorded for 2016 in MLS)

865-875 Comstock Ave. – The Comstock
Number Sold: 9
Average price: $1,075,808
Average price per sq. ft: $687.28
*Average price change: +25%

10350 Wilshire Blvd. – The Diplomat
Number sold: 5
Average price: $1,590,500
Average price per sq. ft: $725.47
Average price change: +19%

10375 Wilshire Blvd. – Wilshire Terrace
Number sold: 8
Average price: $1,092,500
Average price per sq. ft: $507.49
Average price change: +6%

10380 Wilshire Blvd. – La Tour
Number sold: 5
Average price: $3,130,000
Average price per sq. ft: $991.29
Average price change: +8%

10430 Wilshire Blvd. – The Mirabella
Number sold: 11
Average price: $1,660,000
Average price per sq. ft: $721.72
Average price change: +0.41%

10433 Wilshire Blvd. – Wilshire Holmby
Number sold: 4
Average price: $720,000
Average price per sq. ft: $508.57
Average price change: -6%

10445 Wilshire Blvd. – The Grand
Number sold: 7
Average price: $1,261,000
Average price per sq. ft: $609.26
Average rice change: +9%

10450 Wilshire Blvd. – The Churchill
Number sold: 9
Average price: $873,750
Average price per sq. ft: $522.23
Average price change: +3%

10490 Wilshire Blvd. – Blair House
Number sold: 6
Average price: $2,107,250
Average price per sq. ft: $738.48
Average price change: -4%

10501 Wilshire Blvd. – Wilshire Regent
Number sold: 17
Average price: $596,905
Average price per sq. ft: $736.17
Average price change: +7%%

10520 Wilshire Blvd. – The Dorchester
Number sold: 7
Average price: $1,034,142
Average price per sq. ft: $649.67
(Only one sale in 2016)

10535 Wilshire Blvd. – Wilshire Marquis
Number sold: 5
Average price: $672,500
Average price per sq. ft: $623.53
Average price change: +6%

10550 Wilshire Blvd. – Wilshire Thayer
Number sold: 1
Price: $789,000
Price per sq. ft: $461.13
(Only one sale in 2017)

10551 Wilshire Blvd. – Regency Wilshire
Number sold: 3
Average price: $1,090,583
Average price per sq. ft: $608.45
Average price change: -5%

10560 Wilshire Blvd. – Ten Five Sixty
Number sold: 5
Average price: $1,719,435
Average price per sq. ft: $723.73
Average price change: +19%

10580 Wilshire Blvd. – The Wilshire
Number sold: 3
Average price: $2,260,000
Average price per sq. ft: $933.44
Average price change: +3%
10590 Wilshire Blvd. – The Westholme
Number sold: 1
Price: $677,260
Price per sq. ft: $512.69
Average price change: +5%10601 Wilshire Blvd. – Wilshire House
Number sold: 1
Price: $3,500,000
Price per sq. ft: (not available)
(Only one sale in 2017)10660 Wilshire Blvd. – Wilshire Manning
Number sold: 4
Average price: $1,356,250
Average price per sq. ft: $590.05
Average price change: +25%

10701 Wilshire Blvd. –  Crown Towers
Number sold: 7
Average price: $703,642
Average price per sq. ft: $581.87
Average price change: +9%

10724 Wilshire Blvd. – The Park Wilshire
Number sold: 6
Average price: $1,404,425
Average price per sq. ft: $600
Average price change: +13%

10727 Wilshire Blvd. – The Remington
Number sold: 10
Average Price: $2,099,300
Average price per sq. ft: $781.35
Average price change: -13%

10747 Wilshire Blvd. – Wilshire Selby East
Number sold: 3
Average price: $577,916
Average price per sq. ft: $672.78
Average price change: +15%

10750 Wilshire Blvd. – The Westford
Number sold: 3
Average price: $1,188,333
Average price per sq. ft: $580.18
Average price change: +20%

10751 Wilshire Blvd. –  Wilshire Selby W
Number sold: 5
Average price: $556,800
Price per sq. ft: $$640.12
Average price change: +5%

10776 Wilshire Blvd. – The Carlyle
Number Sold: 6
Average price: $3,745,000
Average price per sq. ft: $1,160.06
Average price change: -0.6%

10787 Wilshire Blvd.  – Marie Antoinette
Number sold: 2
Average price: $767,500
Average price per sq. ft.: $526.05
(Only one sale in 2016)

10790 Wilshire Blvd. – The Longford
Number sold: 4
Average price: $1,412,125
Average price per sq. ft.: $619.27
Average price change: +6%

10795 Wilshire Blvd. – The Venezia
Number sold: 3
Average price: $1,300,000
Average price per sq. ft.: $707.27
(only one sale in 2016)

10800 Wilshire Blvd. – The Californian
Number sold: 3
Average price: $4,509,522
Average price per sq. ft.: $1,221,18
Average price change: -4%

The information provided by the MLS/CLAW deemed reliable but not guaranteed – % changes rounded up or down

*Average price change is per square foot over 2016.

Over the past six months 77 units were sold and in a current inventory of only 41 units available (three months inventory) this puts the Wilshire Corridor condo market overall in the sellers’ favor.

Buildings that may favor buyers, with over seven months of inventory, are:

The Beverly West
La Tour
Wilshire Terrace
Blair House
The Wilshire
Wilshire House
Crown Towers

Overall purchasing a condo on the Wilshire Corridor remains a good long-term investment.

See more Wilshire Corridor market reports.

 

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