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Wilshire Corridor Condos. What’s New on the Market?

Posted by janepeters on September 16, 2013
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Activity on the Wilshire Corridor slowed down for awhile. And there really has been nothing much to report. However over the past month things have started to move.

A total of 13 units have sold, 23 new listings have come on the market and there are 12 units under contract.

Wilshire Corridor Market Report October 2012

So what is the breakdown of this activity?

Building Sold Avg. Price Avg. Sold vs List Price Pending New Listings
Beverly West * 1 $5,506,000 95.5% 0 0
Wilshire Terrace  1 $395,000 100% 1 0
La Tour  0 N/A N/A 0 1
The Mirabella  1 $1,300,000 97.8% 1 1
Wilshire Holmby 0 N/A N/A 0 3
The Grand  1 $965,000 100% 0 2
The Churchill  0 N/A N/A 0 1
Blair House  2 $898,000 91.5% 0 1
Wilshire Regent 0 N/A N/A  2 1
The Dorchester  1 $680,000 97.2% 0 3
Wilshire Marquis 0 N/A N/A 1 1
Wilshire Thayer  1 $500,000 96.34% 0 0
The Regency Wilshire 0 N/A N/A 1 0
Ten Five Sixty  0 N/A N/A 1 0
The Wilshire 0 N/A N/A 0 1
The Westholme 0 N/A N/A 0 2
Wilshire House 1 $1,350,000 98.55% 1 0
Park Wilshire  1 $899,000 100% 1 3
The Remington  0 N/A N/A 0 1
Wilshire Selby West  1 $352,500 101% 1 1
The Carlyle * 1 $2,550,000 93.6% 1 1
Marie Antoinette  1 $517,000 103.6% 0 0

Information provided by MLS/CLAW deemed reliable but not guaranteed

* These properties have their own in-house sales so only the information reported to the MLS is provided.

There are 79 Wilshire Corridor condos currently on the market, 29% of which were listed in the past month.  This is good news as it demonstrates some confidence in the market by sellers.

There were 13 properties sold in the past month which is a little below the average sales per month for the last six months.

The price sold vs price listed is not bad, and as expected in the lower priced buildings the sold price was above asking.

The median price of Wilshire Corridor condos for sale is $1,520,000 and for those sold it is $750,000.

Homeowners dues range from $530 to $7,520 per month.

Wilshire Corridor condos for sale

 

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