How is the Wilshire Corridor Condo Market Lately?

Wilshire Corridor Westwood, Wilshire Corridor Condos, Buying on the Wilshire Corridor

It has been a while since I have discussed what is going on in terms of sales and leases on the Wilshire Corridor in general. Overall movement on the Corridor is rather sluggish. Over the past six months there have been only 62 sales ranging from $359,000  at Wilshire Selby West to $3,200,000 at La Tour. The average days on the market was 82 (higher than) and the sold price vs list price was 94.09% (lower than) the average for other areas of Los Angeles,  The median price of those sold … [Read more...]

Wilshire Corridor Condos 1st Qtr 2014 in Review

Wilshire Corridor condos the last month in review

Another quarter has flown by so let's see how Wilshire Corridor condo sales are doing. Have they slowed down like the rest of the Los Angeles market? The +/- stats are compared to the First Quarter of 2013. Building Sold +/ Price/ Median Price Avg. Price Per Sq. Ft.++ Total Active Price/ Median Price Pending Beverly West* 0 N/A N/A $1,444.01 3 $5,552,000 0 Blair House 0 = N/A $566.46 3 $1,050,000 0 Crown … [Read more...]

Wilshire Corridor Condos 2013 in Review

Wilshire Corridor condos the last month in review

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 … [Read more...]

Wilshire Corridor Condos a Market Snapshot

Wilshire Corridor condos the last month in review

As we approach the end of the year let's see how Wilshire Corridor condos are doing. What has been happening over the past month.   5 condos sold at a median price of $965,000.  6 less than the previous month. Low price - $520,000 (Wilshire Holmby).  High price - $2,030,000 (The Carlyle) 54 units are for sale at a median price of $1,279,000. Low Price - $449,000 (Wilshire Selby West).  High price - $3,995,000 (The Carlyle - resale) 14 units are under contract There were 16 new … [Read more...]

Wilshire Corridor Condos For Sale. Market Report

Wilshire Corridor condos 3rd Qtr 2013 market report

Another Quarter has passed us by and it's time to take a look at how Wilshire Corridor condo sales did during the 3rd Quarter of 2013. The +/- stats are compared to the Second Quarter of 2013.  Median price differences are not included where there is only one sale reported. Building Sold +/ Price/ Median Price +/- Avg. Price Per Sq. Ft.++ Total Active Price/ Median Price Pending Beverly … [Read more...]

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

Wilshire Corridor Market Report October 2012

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. 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 … [Read more...]

Wilshire Corridor Condos. How’s the Market?

Wilshire Corridor condo sales for first half of 2012

It has been a while since we checked in on the Wilshire Corridor in terms of sales and rentals.  So let's see how sales and rentals are going. Wilshire Corridor condo sales 16 units sold in July at a median price of $778,750. The lowest price sold was $390,000 for a one-bedroom at the Wilshire Regent and the highest price was $2,995,000 at the Wilshire Terrace, the only coop building on the Corridor. Average sales price vs list price was 96.98% which is good for this luxury … [Read more...]

Wilshire Corridor Condos, 2nd Qtr 2013 in Review

Wilshire Corridor condos for sale

How did the Second Quarter of 2013 fare for Wilshire Corridor condo sales.  The first quarter was quite weak. Since the luxury market is supposed to be creeping back,  let's take a look. The +/- stats are compared to the First Quarter of 2013.  Also, since one sale does not a median price make, many of those comparisons are missing. Building Sold +/ Price/ Median Price +/- Avg. Price Per Sq. Ft.++ Total Active Price/ Median Price Pending Beverly … [Read more...]

Wilshire Corridor Condos. First Quarter 2013 Review

Wilshire Corridor Condos for Sale under $1 Million

In this strong sellers' market, let's see how Wilshire Corridor condo sales did in the first quarter of 2013.  How did sales compare with the last Quarter of 2012?   Building Sold +/ Median Price +/- Avg. Price Per Sq. Ft.** Total Active Median Price Pending Beverly West* U N L I S T E D Blair House 0  -4 N/A N/A $684.06 7 $975,000 0 Crown Towers 2 = $472,500 -17.40%  $384.93 1 $499,900 2 La … [Read more...]

Wilshire Corridor Condos January Activity

Consider the resale value when buying a Los Angeles home

It is the new year and time to see what happened with the Wilshire Corridor condo market in January. There is a desperate shortage of inventory, sales prices are rising, and the luxury market which has been stagnant for a while is finally starting to move. So, let's take a look: Wilshire Corridor condo sales Sold +/- Price Range Median Price +/- Active Median New Jan. Pending Sold v List Price 6 -5 $400,000 to … [Read more...]

Wilshire Corridor Condo Market: The Year in Review

Wilshire Corridor Condos 2012 Market Report

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 … [Read more...]

Wilshire Corridor Condo Market Report October 2012

Wilshire Corridor condo market report November 2012

The Wilshire Corridor condo market has been pretty quiet over the past few months.  Let's see how October compares to September. 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 … [Read more...]

Wilshire Corridor Third Quarter Market Report 2012

Wilshire Corridor 3rd Qtr 2012 market report

Let's see how the Wilshire Corridor condo market is doing so far this year.  Information taken from the MLS/CLAW deemed reliable but not guaranteed. Building Sold Over 2011 Median Price % Over 2011 Avg. Price per Sq. Ft. Active Pending Market Beverly West* 1  N/A $5,000,000  N/A $1,202.50 ? 0 Blair House 3 +1 $1,538,000 22.65 $765.74 4 0 Crown Towers 4  +3 $425,000 4.93  $395.20 6 0 La … [Read more...]

Wilshire Corridor Condos | Half Yearly Market Report 2012

Wilshire Corridor Condos 2012 Market Report

Time to check in on the Wilshire Corridor condo market and see how it did over the first half of 2012. Building Sold Over 2011 2nd Over 1st Qtr Median Price Over 2011 Avg. Price per Sq. Ft. Active Pending Market Beverly West* 1  N/A  N/A $5,000,000  N/A $1,202.50 ? 0 Blair House 2 +1  +2 $2,277,500 N/A $879.17 5 0 Crown Towers 3  +1 +1 $375,000 -19.35%  $354.38 5 0 La Tour 0  -3  = N/A  N/A N/A 5 0 Marie … [Read more...]

Wilshire Corridor Condo Market Report 2012, Through May

Wilshire Corridor Condos for Sale under $1 Million

Let's take a look at the Wilshire Corridor Condo activity for May 2012. Building Sold YTD Sold in May Avg. Price Per S.F.+ Median Price Active Pending Market Beverly West* 1  0 $1,202.50 $5,000,000 Blair House 2 +1 $879.17 $3,777,500 5 0 Crown Towers 1  0 $341.22 $375,000  4 2 La Tour 0 0 N/A 5  0 Marie Antoinette 2 0 $301.58  $440,000 0 1 Park Wilshire 4 1 $360.57 $616,000 8 0 Ten Five … [Read more...]

Checking in on The Wilshire Corridor Condo Market

Wilshire Corridor Condos for Sale under $1 Million

It's already May 1st.  This year is almost half over.  So without further ado, let's see what's been happening in Wilshire Corridor condo market over the first third of 2012. Beverly West – 1200 Club View Drive:  Sold: 1, $5,000,000.  Active:  34 Blair House - 10490 Wilshire Blvd:  Sold:  1, $3,700,000.  Active:  3 Crown Towers - 10701 Wilshire Blvd:  Sold:  1, $375,000.  Active:  3 La Tour – 10380 Wilshire Blvd:  Sold:  0.  Active:  6 Marie Antoinette - 10787 Wilshire Blvd: … [Read more...]

Wilshire Corridor Condo Market Report 2011

Wilshire Corridor Condos, For Sale on the Wilshire Corridor

The Wilshire Corridor Condo Market report for 2011 is based on units of 2 bedrooms and up, not including penthouses.  This will provide a more realistic picture.  For sales by numbers of bedrooms check out each individual Wilshire Corridor building page. What is Market Absorption? Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market. 6 months worth of inventory is a balanced market.  Under 6 … [Read more...]

Thinking of Buying on the Wilshire Corridor? – First Quarter Sales Report

Wilshire Corridor Condo Market Report First Quarter 2011, Wilshire Corridor Sales March 2011

As always, for those of you thinking of buying a  Wilshire Corridor condo I endeavor to keep you informed on a monthly basis about condos sold and available units. The statistics below are for Wilshire Corridor condo sales for the month of March. Wilshire Corridor Sales Report March 2011 Condo Building Sold Avg. Sold Price Avg. Price Per SF Avg. DOM Active Avg. Price Avg. Price Per SF Absorption Rate Beverly West* 0 1 $7,767,100 $1,867.99 3 The … [Read more...]

Looking for a Lease on the Wilshire Corridor? – Find Out What is Available

Leasing on the Wilshire Corridor, What's Available for Lease on the Wilshire Corridor

If you are looking for a lease on the Wilshire Corridor find out what is available in different price brackets. Information from MLS/CLAW deemed reliable, but not guaranteed. There are 15 Wilshire Corridor condos under $3,000 per month available.  With 30 having been leased over the past year, that leaves about 6 months of inventory.  Somewhat of a balanced market. From $3,000 to $5,000 there are 16 units available.  38 were leased over the past year.  Again this is 6 months of inventory … [Read more...]

What’s Happening on the Wilshire Corridor Right Now

Wilshire Corridor Condo Sales, Sales on the Wilshire Corridor

If you are thinking of buying a condo on the Wilshire Corridor then you might want to check out what is available right now, the differences in the buildings, and the average price in each of the Wilshire Corridor buildings over the past year. The chart below shows the number of listings in each building, the low, high, and average price of those units, and the number of days they have been sitting on the market.  The last column shows the number of Wilshire Corridor condos sold over the past … [Read more...]