Wilshire Corridor Condo Market Report November 2012

The Wilshire Corridor is a section of Wilshire Blvd. in Westwood stretching from just east of Westwood Blvd. to the Los Angeles Country Club. Populated with high end condominium buildings it is a much sought-after location for those seeking luxury accommodation in full-service buildings with spectacular views.

Let’s check in and see how Wilshire Corridor condo sales did in November 2012.

Building	Sold	+/- Sept.	Price Range	Avg. Price Per Sq. Ft.**	Total Active	Price Range	New Oct.	Pending
Beverly West *				$1,202.50
Blair House	1	+1	$1,249,000	$449.93	4	$825,000 to $4,196,000	1	0
Crown Towers	0	=	N/A	$407.62	5	$490,000 to $795,000	1	3
La Tour	0	-1	$1,920,000	$655.42	2	$2,100,000 to $2,649,000	0	1
Marie Antoinette	1	+1	$419,026	$287.20	1	$385,000	0	2
Park Wilshire	0	-1	N/A	$361.01	4	$499,000 to $1,299,000	0	1
Ten Five Sixty	1	=	$1,740,000	$621.87	4	$845,000 to $2,595,000	2	2
The Californian	0	=	N/A	$895.74	6	$2,150,000 to $11,995,000	1	1
The Carlyle *	0	=	N/A	$744.78	8	$2,725,000 to $4,295,000	N/A	2
The Churchill	0	=	N/A	$323.41	2	$575,000 to $639,000	0	2
The Diplomat	0	=	N/A	$477.80	0	N/A	0	0
The Dorchester	0	=	N/A	$403.27	2	$750,000 to $4,200,000	0	3
The Grand	0	=	N/A	$365.61	0	N/A	0	1
The Longford	0	=	N/A	$358.71	3	$549,500 to $2,250,000	2	0
he Mirabella	0	=	N/A	$497.34	1	$1,330,000	1	1
The Regency Wilshire	0	=	N/A	$471.96	1	$1,495,000	0	0
The Remington	2	+1	$1,850,000 to $2,375,000	$801.71	4	$1,850,000 $3,495,000	1	0
The Venezia	0	N/A	N/A	N/A	0	N/A	0	0
The Westford	0	-1	N/A	$473.98	2	$1,299,000 to $1,485,000	0	2
The Westholme	2	+1	$822,700 to $1,149,000	$393.73	3	$525,000 to $1,149,000	0	1
The Wilshire	1	+1	$2,575,000	$827.71	1	$1,995,000	0	0
Wilshire Comstock	3	+1	$362,000 to $1.650,000	$406.14	3	$569,900 to $750,000	0	4
Wilshire Holmby	0	=	N/A	$351.64	0	N/A	0	1
Wilshire House	1	+1	$2,735,000	$1,094.00	2	$1,420,000 to $2,750,000	2	1
The Wilshire Manning	0	=	N/A	$439.53	7	$385,000 to $1,249,000	1	0
Wilshire Marquis	0	=	N/A	$435.79	2	$559,000 to $595,000	0	0
Wilshire Regent	1	=	$625,000	$515.68	3	$475,000 to $760,000	1	2
Wilshire Selby E.	0	=	N/A	$420.34	0	N/A	0	0
Wilshire Selby W.	0	=	N/A	$399.73	1	$349,000	1	1
Wilshire Terrace	2	+2	$700,000 to $955,000	$376.14	1	$795.000	0	1
Wilshire Thayer	0	=	N/A	$463.72	2	$505,000 to $575,000	0	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.

Prices in red reflect penthouses or, in the case of the Wilshire Comstock, two units combined.

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

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

**Where no sales have occurred this reflects the average of the nearest sale(s).

There are a total of 75 units for sale presently on the Wilshire Corridor, 8 more than in October, and 15 sold in the month of October 6 more than October.

With a total of 71 sold over the past 6 months, this averages 11 .83 sold a month which means that it would take 6.34 months to sell the existing inventory. Over the past 3 months 29 have sold which is an average of 9.67 per month. This means that it would take 7.76 months to sell the existing inventory. Basically this is a buyers’ market.

This indicates that the Wilshire Corridor is a fairly balanced market overall, although the above chart indicates where each building falls.

Recent market reports

Wilshire Corridor Condos Market Report October 2012
Wilshire Corridor 3rd Quarter Market Report 2012
Wilshire Corridor Half Year Market Report 2012