How is the Wilshire Corridor Real Estate Market Doing?

Originally posted on February 05, 2011

Wilshire Corridor Condo Market Report, Westwood Wilshire Condos

If you are wondering how the Wilshire Corridor real estate market is doing below is the report of sales and leases for January, 2011.

Wilshire Corridor Condo Sales, Wilshire Corridor Market Report January 2011

The comparison to December 2010 Wilshire Corridor condo sales is as follows:

An increase of 15 new listings

A decrease in sales of 14

An increase in under contract units of 11, which bodes well for February.

Below is a market absorption chart for the Wilshire Corridor condo market.

Wilshire Corridor Condo Market Absorption Trend

So how is the the market doing?

With 11 months of inventory, Los Angeles home buyers, if you are thinking of buying a Wilshire Corridor condo, now is the time.

If you follow the trend to the three month level, the average sales prices is increasing and days on the market going down, as were the number of inventory months.

Map of the Wilshire Corridor

View Wilshire Corridor in a larger map

Related Posts

Wilshire Corridor Homes Report – What Happened in 2010

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