Wilshire Corridor Condos the Year in Review

Another year has flown by and it is time to check in on the Wilshire Corridor condo market to see how sales progressed over 2012 compared with 2011. Was there any improvement? Let’s take a look.

The figures are based on 2 bedrooms units and up and do not include penthouse units.

Building	Sold	+/2011	Median Price	+/- 2011	Avg. Price Per Sq. Ft.**	Total Active	Median Price	Pending
Beverly West *	1	+1	$5,000,000	N/A	$1,202.50	N/A	N/A	N/A
Blair House	4	+2	$1,393,500	+11.08%	$684.06	3	$2,625,000	0
Crown Towers	1	-5	$475,000	N/A	$415.36	3	$785,000	2
La Tour	2	-3	$2,060,000	+17.71%	$655.42	2	$2,312,000	1
Marie Antoinette	5	-1	$400,000	-10.10%	$287.20	0	N/A	2
Park Wilshire	6	-2	$692,544	-4.80%	$368.78	1	$1,299,000	1
Ten Five Sixty	8	+4	$962,500	-0.62%	$472.32	4	$964,500	2
The Californian	5	+1	$2,100,000	+16.67	$789.71	5	$2,795,000	0
The Carlyle **	4	+3	$2,525,000	N/A	$851.47	7	$3,795,000	2
The Churchill	2	-2	$562,500	+25.84%	$330.79	2	$607,000	0
The Diplomat	2	=	$1,060,000	+21.14%	$477.80	0	N/A	0
The Dorchester	6	+4	$712,500	+18.26%	$403.27	3	$750,000	2
The Grand	4	=	$615,000	-10.87%	$348.05	0	N/A	1
The Longford	3	+2	$525,000	N/A	$389.50	3	$948,880	0
The Mirabella	3	-2	$980,000	-10.91%	$473.43	1	$1,330,000	1
The Regency Wilshire	1	=	$1,700,000	N/A	$471.96	1	$1,495,000	0
The Remington	6	+1	$1,542,000	+14.22%	$675.45	4	$2,845,000	0
The Venezia	0	-1	N/A	N/A	N/A	0	N/A	0
The Westford	2	-1	$1,007,200	+3.30%	$473.98	1	$1,299,000	3
The Westholme	7	+3	$483,000	+34.17%	$320.93	4	$847,000	0
The Wilshire	4	=	$1728,875	+32.48%	$637.05	0	N/A	0
Wilshire Comstock	8	=	$615,000	-20.02%	$390.76	1	$750,000	3
Wilshire Holmby	4	-2	$460,000	-0.86%	$336.79	0	N/A	0
Wilshire House	5	+2	$1,900,000	+43.29%	$726.84	2	$2.085,000	0
The Wilshire Manning	1	=	$1,160,000	N/A	$476.78	6	$1,061,500	0
Wilshire Marquis	5	-2	$495,000	+17.86	$435.79	1	$590,000	1
Wilshire Regent	12	+4	$406,250	-29.35%	$526.52	2	$475,000	2
Wilshire Selby East+	5	+2	$450,000	+4.65%	$421.00	0	N/A	0
Wilshire Selby West +	1	-5	$355,000	N/A	$416.18	0	N/A	1
Wilshire Terrace	5	+4	$572,500	N/A	$317.08	1	$795.000	1
Wilshire Thayer	1	-3	$1,150,000	N/A	$535.88	2	$540,000	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 listing information is presently available on the MLS.

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

+These figures include one bedroom units

The majority of Wilshire Corridor condo buildings are favoring sellers, the exceptions being, Beverly West, Blair House, La Tour, The Longford, Regency Wilshire, Wilshire Manning, and The Thayer. The Californian, The Remington, The Churchill, and The Westford are all balanced between buyers and sellers.

It is difficult to see a trend with some of the median prices up and others down, the same with number of sales. But overall, buyers are looking for condos on the Wilshire Corridor, and som fresh, new inventory would be welcome.

Recent market reports

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