Wilshire Corridor Condo Market Report 2011

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 months is a sellers’ market, and anything over 6 months is a buyers’ market.

Wilshire Corridor Condos, For Sale on the Wilshire Corridor

Condo Building
Sold Median Sold Price
Avg. Price Per SF
Avg. DOM+
Active Median Price Avg. Price Per SF Absorption Rate based on 6 months sales
Beverly West* 6 $5,226,000
The Carlyle** 1 $3,200,000  $905.23  148 6 $2,574,500 $956.03 **
Blair House, 2 $1,254,500 $564.33 35 2 $1,997,500 $896.14 5.88
The Californian 4 $1,800,000 $754.39 185 4 $2,845,000 $1,024.13 10
The Remington 5 $1,350,000 $715.78 73 3 $1,385,000 $679.06 4.82
La Tour 5 $1,750,000 $656.33  51 4 $2,547,000 $807.60 8
The Longford 1  $425,000  $297.83  113 0  Sellers’
Regency Wilshire 1  $950,000  $396.99  99 2 $1,631,500 $531.95 11.76
The Wilshire 4 $1,305,000 $547.09 129 3 $1,650,000 $609.55 4.48
Wilshire House 3 $1,326,000 $464.75 88 5 $2,100,000 $832.49 15.15
Park Wilshire 7 $740,000 $389.28 60 5 $995,000 $389.28 15.15
The Grand 4 $690,000 $405.51 103 1 $895,000 $542.75 6
The Mirabella 5 $1,100,000 $465.37 82 1 $959,000 $465.37 2
The Venezia 1 $1,200,000 $628.93 41  0 Sellers’
Ten Five Sixty 4 $970,00 $551.93 96 5 $1,129,000 $607.59 15.15
Wilshire Manning 1 $1,050,000 $402.61 98 5 $1,250,000 $559.32 30+
The Churchill 3 $444,000 $273.72 100 0 Sellers’
Wilshire Comstock 3 $789,000 $399.36 79 1 $575,000 $385.39 3.03
Wilshire Terrace 3  $2,150,000  $644.73  57 3 $1,100,000 $500.06 6
Crown Towers 6 $427,500 $316.30 82 3 $675,000 $490.06 4.48
Marie Antoinette 6 $444,950 $290.99 88 2 $424,000 $290.61 2.99
The Diplomat 2 $875,000 $414.10 313 1 $799,000  $390.71  N/A
The Dorchester 2  $602,500  $427.91  32 3 $599,000 $427.91 9.09
The Westford 3 $975,000 $443.01 48 0 Sellers’
The Westholme 3  $360,000 $284.97  187 3 $735,000 $411.16 18.75
Wilshire Holmby 6 $464,000 $315.58 39 0 Sellers’ $807.60 8
Wilshire Regent 6 $600,000 $479.52  108  Sellers’
Wilshire Selby E. 2 $425,000 $420.17 265 0  Sellers’
Wilshire Selby W. 0 0 Sellers’
Wilshire Thayer 3  $560,000 $359.44  69 3 $679,000 $462.82 18.75
Wilshire Marquis 7 $420,000 $385.76 90 1 $549,900 $392.79 .08

All information from the CLAW MLS is deemed accurate but is not guaranteed.

Absorption Rate:  6 months = balanced market; Over 6 months = buyers’ market; Under 6 months = sellers’ market

* The Beverly West has just opened its sales office so statistics are not yet applicable for this building.   There is one unit in escrow at a list price of $5,717,250.

** The Carlyle sells in-house also so numbers are not accurately reflected.

Average days on the market are also skewed by the fact that a listing could come on the market, sell quickly and not reflect that some units in the same building have been on the market for two years or more.

However, interpreting the above statistics as best we can the preponderance of Wilshire Corridor condos favor a sellers’ market.

 

Search Wilshire Corridor Condos for Sale

See all Wilshire Corridor Condos for Sale.
(all data current as of 4/21/2014)

  1. 2 beds, 2 full, 1 part baths
    Home size: 1,191 sq ft
    Lot size: 42,193 sqft
    Year built: 1963
    Parking spots: 2
    Days on market: 4
  2. 2 beds, 2 full baths
    Home size: 1,409 sq ft
    Lot size: 31,569 sqft
    Year built: 1989
    Days on market: 5
  3. 2 beds, 2 full, 1 part baths
    Home size: 2,352 sq ft
    Lot size: 21,636 sqft
    Year built: 1982
    Parking spots: 2
    Days on market: 7
  4. 3 beds, 2 full, 2 part baths
    Home size: 2,426 sq ft
    Lot size: 36,894 sqft
    Year built: 1980
    Days on market: 10
  5. 2 beds, 3 full baths
    Home size: 1,699 sq ft
    Lot size: 1.95 ac
    Year built: 1961
    Days on market: 12
  6. 1 bed, 1 full bath
    Home size: 1,343 sq ft
    Lot size: 1.95 ac
    Year built: 1961
    Days on market: 12
  7. 2 beds, 1 full, 2 part baths
    Home size: 1,750 sq ft
    Lot size: 37,847 sqft
    Year built: 2001
    Days on market: 13
  8. 2 beds, 2 full, 1 part baths
    Home size: 2,018 sq ft
    Lot size: 1.16 ac
    Year built: 1989
    Days on market: 14
  9. 2 beds, 3 full baths
    Home size: 1,843 sq ft
    Lot size: 20,947 sqft
    Year built: 1976
    Days on market: 14
  10. 2 beds, 3 full baths
    Home size: 1,756 sq ft
    Lot size: 28,070 sqft
    Year built: 1979
    Days on market: 17
  11. 1 bed, 1 full, 1 part baths
    Home size: 853 sq ft
    Lot size: 17,812 sqft
    Year built: 1972
    Parking spots: 1
    Days on market: 18
  12. 1 bed, 1 full, 1 part baths
    Home size: 954 sq ft
    Lot size: 17,812 sqft
    Year built: 1972
    Parking spots: 2
    Days on market: 19
  13. 2 beds, 2 full, 1 part baths
    Home size: 2,532 sq ft
    Lot size: 26,401 sqft
    Year built: 1982
    Days on market: 21
  14. 3 beds, 3 full baths
    Home size: 1,868 sq ft
    Lot size: 17,624 sqft
    Year built: 1962
    Parking spots: 2
    Days on market: 21
  15. 3 beds, 4 full baths
    Home size: 3,190 sq ft
    Lot size: 33,028 sqft
    Year built: 1990
    Days on market: 24
  16. 3 beds, 4 full, 1 part baths
    Home size: 3,535 sq ft
    Lot size: 38,053 sqft
    Year built: 2010
    Parking spots: 3
    Days on market: 24
  17. 2 beds, 2 full baths
    Home size: 2,420 sq ft
    Lot size: 31,459 sqft
    Year built: 1963
    Days on market: 25
  18. 1 bed, 1 full, 1 part baths
    Home size: 962 sq ft
    Lot size: 1.16 ac
    Year built: 1989
    Days on market: 26
  19. 3 beds, 3 full, 1 part baths
    Home size: 3,143 sq ft
    Lot size: 33,028 sqft
    Year built: 1990
    Days on market: 27
  20. 2 beds, 2 full, 1 part baths
    Home size: 2,097 sq ft
    Lot size: 26,401 sqft
    Year built: 1982
    Parking spots: 2
    Days on market: 31
  21. 2 beds, 2 full baths
    Home size: 1,711 sq ft
    Year built: 1981
    Days on market: 32
  22. 2 beds, 3 full baths
    Home size: 1,863 sq ft
    Lot size: 41,094 sqft
    Year built: 1982
    Days on market: 33
  23. 2 beds, 2 full baths
    Home size: 1,356 sq ft
    Lot size: 18,363 sqft
    Year built: 1964
    Parking spots: 4
    Days on market: 34
  24. 2 beds, 2 full baths
    Home size: 1,019 sq ft
    Year built: 1972
    Parking spots: 2
    Days on market: 34
  25. 2 beds, 1 full, 1 part baths
    Home size: 1,549 sq ft
    Lot size: 1.95 ac
    Year built: 1961
    Parking spots: 2
    Days on market: 35

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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Date last updated: 4/21/14 1:30 AM PDT

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