Wilshire Corridor Condo Market Report First Third of 2012

Let’s see how the Wilshire Corridor Condo Market for the 1st Third of 2012 compares with the same period last year.

Buying a Condo on The Wilshire Corridor, 3-Bedroom Condo Available on The Wilshire Corridor


Building Sold Over 2011 Low Price High Price Median Price % of 2011 Active Pending Market
Beverly West* 1 $5,000,000
Blair House  1 = $3,700,000 N/A 4 1
Crown Towers 1  -1 $375,000 N/A  4 1
La Tour 0  -1 N/A  N/A 5  0
Marie Antoinette 2 = $400,000 $480,000  $440,000 15.18 3 0
Park Wilshire  3 -1 $610,000 $620,000 $612,000 -11.94 8 1
Ten Five Sixty  3 +1 $900,000 $1,171,000 $1,025,000 21.16 4  2
The Californian  0 -1 N/A N/A N/A N/A 6  0
The Carlyle**  2  +2 $2,300,000 $3,750,000 $3,025,000  N/A 6 0
The Churchill  0 -1 N/A N/A N/A  N/A 1  0 ?
The Diplomat  2 = $725,000 $1,395,000  $1,060,000  N/A  0  0
The Dorchester  2  +2 $500,000 $850,000 $675,000 N/A 5 0
The Grand 1 -2 N/A N/A $575,000 N/A  1  0
The Longford  2 +2 $430,000 $525,000 $477,500 N/A 1  0
The Mirabella 1 = N/A N/A $980,000 N/A 1 0
The Regency Wilshire 0 = N/ A N/ A N/ A N/ A 0 1
The Remington 2 -1 N/ A N/ A  $1,617,500 N/ A 1 1
The Venezia 0 -1 N/ A  N/ A N/ A N/ A 0 0
The Westford 0  = N/ A  N/ A N/ A N/ A  1 0  ?
The Westholme  2  +1 $355,000 $382,500  $368,750  N/A 4 0
The Wilshire 2 +2  $920,000 $1,557,750 $1,238,875  N/ A  0 0
Wilshire Comstock 4 -1 $62,000+ $650,000 $502,500 -36.31  4  4
Wilshire Holmby 2  -4 $315,000  $415,000 $365,000 -10.43%  2 2
Wilshire House 0 -1 N/ A  N/ A  N/ A N/ A 6 0
Wilshire Manning  1 -1  N/ A  N/ A $410,000  N/ A 2  0
Wilshire Marquis  2  =  $527,000  $550,000 $538,500  28.21 0 3
Wilshire Regent 2 +1 $370,000 $700,000 $535,000 12.63 3 4
Wilshire Selby E. 1 -1 N/ A N/ A $395,000  N/ A  2 2
Wilshire Selby W. 0  -3  N/ A N/ A N/ A N/ A 1 0
Wilshire Terrace 4  +4 $425,000 $1,850,000 $755,000 N/ A  5  0
Wilshire Thayer  1  +1  N/ A  N/ A  $1,150,000  N/ A  1  1

All information provided by MLS/CLAW is deemed accurate but is not guaranteed.

Seller’s Market Buyers’ Market Stable Market
Less than 6 months inventory More than 6 months inventory

 
* The Beverly West does not list all its active condos on the MLS.  The first unit did sell quickly.  However, there are approximately 35 more units for sale.

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

+This was a maid’s unit.

The market statistics are a rough indication of whether the building is trending towards a sellers’ or a buyers’ market.  A question mark (?) denotes that there is not enough information available to show the trend.

Overall, inventory is low on The Wilshire Corridor.  Buyers are out there looking, so now might be a good time for sellers to consider putting their homes on the market.

Wilshire Corridor Condos for Sale

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

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For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Jane Peters

Jane Peters is a Los Angeles Realtor®, specializing in absentee owners, out-of-town-buyers and those needing that extra personal touch to make the buying and selling of Los Angeles real estate a smooth and, believe it or not, fun process.

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