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Wilshire Corridor Condo Market Report October 2012

Posted by janepeters on November 5, 2012
| 0

The Wilshire Corridor condo market has been pretty quiet over the past few months.  Let’s see how October compares to September.

Wilshire Corridor Market Report October 2012

 

Building Sold +/- Sept. Price Range

Avg. Price
Per Sq. Ft.**

Total
Active

New
Oct.
Pending
Beverly West *  $1,202.50
Blair House 
0  = N/ A $536.79 3 0 1
Crown Towers
0  -1 N/A  $407.62 6 0 1
La Tour
1  +1 $1,920,000 $655.42 3 0 0
Marie Antoinette 
0 -1 N/A  $253.60 1 0 0
Park Wilshire
1 +1 $765,088 $361.01 6 1 0
Ten Five Sixty 
1 = $645,000 $423.31 1 0 3
The Californian
0  = N/A $895.74 3  1 2
The Carlyle * 0  = N/A $744.78 1 N/A 3
The Churchill 
0 = N/A $323.41 3 0 0
The Diplomat 
0 = N/A $477.80 0 0 0
The Dorchester 
0 = N/A  $403.27 3 0 1
The Grand 
0  = N/A  $365.61 0 0 1
The Longford 
0  = N/A $358.71 2 0 0
The Mirabella 
0  -1 N/A $497.34 1 0 0
The Regency Wilshire
0  = N/A  $471.96 1 0 0
The Remington
1 +1 $6,550,000+ $512.53 5 2 2
The Venezia 
0 N/A  N/A  N/A 0 0 0
The Westford
1 +1 N/A $473.98 0 0 2
The Westholme
1 +1 $440,000 $327.80 3 2 0
The Wilshire
0 = N/A $550.52 1 0 1
Wilshire Comstock
2  = $320,000 to $599,000 $364.74 1  0 6
Wilshire Holmby 0 = N/A $351.64 0 0 1
Wilshire House 0 -2 N/A $646.65 2 0 1
The Wilshire Manning  0 = N/A $439.53 7 2 0
Wilshire Marquis 0 -1 N/A $435.79 2 0 0
Wilshire Regent 1 = $330,000 $489.57 5 1 1
Wilshire Selby East  0 -1 N/A  $420.34 0 0 0
Wilshire Selby West  0 = N/A $399.73 1 0 0
Wilshire Terrace  0 = N/A $382.25 2 0 2
Wilshire Thayer
0 = N/A $463.72 2 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.

* 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.

**This reflects the average over the past 6 months, or where there were no sales (bolded), the past 12 months.

+The Remington unit sold was a 5,290 sq. ft. penthouse suite.  The average sq. ft reflects sales over the past 6 months excluding this unit.

The trend on the varies by building.

There are a total of 67 units for sale presently on the Wilshire Corridor(excluding the Beverly West), and 9 sold in the month of October.

With a total of 66 sold over the past 6 months, this averages 11 sold a month which means that it would take 6.09 months to sell the existing inventory and the number for the past three months changes very little.

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

Wilshire Corridor Condos for Sale

(Sample listings)

[idx-listings linkid=”165915″ count=”15″ showlargerphotos=”true”]
 

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