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Wilshire Corridor Condos 2013 in Review

Posted by janepeters on January 4, 2014
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It’s time to take a look at how the Wilshire Corridor condo market performed in 2013 and compare it to 2012 activity.

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

 

 

Building Sold +/2012 Median Price +/- 2012

Avg. Price
Per Sq. Ft.**

Total
Active

Median Price

Pending
Beverly West * 1 = $5,506,000 N/A $1,444.01 N/A N/A N/A
Blair House 
9 +5 $971,000 -30.32% $566.46 4 $1,672,500 0
Crown Towers 5 +4 $616,091 N/A $426.58 1 $779,000 1
La Tour
3 +1 $2,000,000 -2.91% $664.18 4 $2,835,000 2
Marie Antoinette 
5 = $412,700 +3.17% $285.09 3 $585,000 0
Park Wilshire  12 +6 $902,000 +30.24% $488.97 2 $1,360,000 0
Ten Five Sixty  6 -2 $810,000 -15.84% $514.49 2 $1,395,000 0
The Californian
4 -1 $2,450,000 +16.67 $876.48 0 N/A 0
The Carlyle ** 6 +2 $2,803,125 +11.41% $922.46 7 $3,995,000 2
The Churchill  5 +3 $524,800 -6.70% $373.18 2 $1,800,000+ 0
The Diplomat  0 -2 N/A N/A N/A 1 $1,295,000 0
The Dorchester  4 -2 $690,000 -3.16% $437.47 3 $895,000 1
The Grand 
7 +3 $899,000 +46.18% $522.27 1 $989,000 1
The Longford  2 -1 $842,000 +60.38% $419.43 0 N/A 0
The Mirabella  8 +5 $1,096,250 +11.86% $500.63 2 $1,032,500 0
The Regency Wilshire  1 = $1,000,000 N/A $476.87 0 N/A 0
The Remington
11 -4 $2,277,500 +47.70% $799.68 8 $1,397,000 1
The Venezia  0 = N/A N/A N/A 0 N/A 0
The Westford 6 +4 $1,190,000 +18.15% $543.53 0 N/A 0
The Westholme 6 -1 $712,500 +47.52% $408.01 6 $805,000 1
The Wilshire 4 +2 $2,775,000 +60.51% $942.76 5 $2,295,000 0
Wilshire Comstock
3 -5 $645,000 +4.88% $362.32 3 $975,000 0
Wilshire Holmby 4 = $520,500 +13.15% $375.28 0 N/A 0
Wilshire House 4 -1 $2,590,000 -6.67% $883.79 2 $2.675,000 0
The Wilshire Manning  7 +6 $992,000 -14.48% $438.00 3 $1,295,000 0
Wilshire Marquis 6 -1 $551,000 +11.31% $454.63 1 $749,000 1
Wilshire Regent+ 11 -1 $450,000 +10.77% $550.24 3 $585,000 2
Wilshire Selby East + 2 -3 $491,000 +9.11% $557.95 0 N/A 0
Wilshire Selby West + 8 +7 $400,000 +12.68% $460.37 1 $459,000 2
Wilshire Terrace  7 +2 $750,000 +31.00% $489.15 1 $2,500,000 0
Wilshire Thayer  3 +2 $520,000 -54.78% $312.68 2 $1,064,000 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 sells in-house and does not list or report all its activity.

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

+These figures include one bedroom units

There isn’t an overall trend showing from 2014 sales on the Wilshire Corridor. Inventory has basically not improved with the majority of buildings favoring sellers or balanced between a buyers or sellers market.

Median prices up overall as are sales. Pending sales are down so it will be interesting to see what the 1st Quarter brings.

Previous annual market reports

Wilshire Corridor Condo Market the Year in Review
Wilshire Corridor Condo Market Report 2011

Wilshire Corridor Condos for Sale

(Sample listings)

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

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