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 11/28/2014)

  1. 0 beds, 1 full bath
    Home size: 653 sq ft
    Lot size: 42,193 sqft
    Year built: 1963
    Parking spots: 2
    Days on market: 8
  2. 3 beds, 3 full, 1 part baths
    Home size: 3,143 sq ft
    Lot size: 33,028 sqft
    Year built: 1990
    Parking spots: 4
    Days on market: 10
  3. 3 beds, 4 full baths
    Home size: 1,889 sq ft
    Lot size: 31,569 sqft
    Year built: 1989
    Days on market: 10
  4. 3 beds, 5 full baths
    Home size: 3,389 sq ft
    Lot size: 38,053 sqft
    Year built: 2010
    Days on market: 11
  5. 2 beds, 3 full baths
    Home size: 1,505 sq ft
    Lot size: 26,401 sqft
    Year built: 1982
    Days on market: 11
  6. 2 beds, 2 full baths
    Home size: 1,706 sq ft
    Lot size: 32,839 sqft
    Year built: 1980
    Days on market: 14
  7. 0 beds, 1 full bath
    Home size: 189 sq ft
    Lot size: 1.95 ac
    Year built: 1961
    Days on market: 15
  8. 1 bed, 3 full baths
    Home size: 2,802 sq ft
    Lot size: 1.95 ac
    Year built: 1961
    Parking spots: 4
    Days on market: 15
  9. 2 beds, 2 full, 1 part baths
    Home size: 1,828 sq ft
    Lot size: 41,094 sqft
    Year built: 1982
    Parking spots: 4
    Days on market: 15
  10. 3 beds, 3 full, 1 part baths
    Home size: 3,190 sq ft
    Lot size: 33,028 sqft
    Year built: 1990
    Parking spots: 4
    Days on market: 17
  11. 2 beds, 2 full baths
    Home size: 1,758 sq ft
    Lot size: 1.95 ac
    Year built: 1964
    Days on market: 17
  12. 2 beds, 2 full, 1 part baths
    Home size: 2,260 sq ft
    Lot size: 1.06 ac
    Year built: 1991
    Days on market: 18
  13. 2 beds, 2 full, 1 part baths
    Home size: 2,776 sq ft
    Lot size: 1.95 ac
    Year built: 1989
    Parking spots: 2
    Days on market: 18
  14. 2 beds, 2 full, 1 part baths
    Home size: 1,696 sq ft
    Lot size: 28,062 sqft
    Year built: 1980
    Parking spots: 2
    Days on market: 20
  15. 2 beds, 2 full, 1 part baths
    Home size: 2,345 sq ft
    Lot size: 1.16 ac
    Year built: 1989
    Days on market: 21
  16. 2 beds, 2 full, 1 part baths
    Home size: 1,935 sq ft
    Lot size: 41,094 sqft
    Year built: 1982
    Parking spots: 4
    Days on market: 22
  17. 2 beds, 3 full baths
    Home size: 1,843 sq ft
    Lot size: 20,947 sqft
    Year built: 1976
    Days on market: 23
  18. 2 beds, 2 full baths
    Home size: 1,407 sq ft
    Lot size: 31,569 sqft
    Year built: 1989
    Parking spots: 2
    Days on market: 24
  19. 2 beds, 3 full baths
    Home size: 1,843 sq ft
    Lot size: 20,947 sqft
    Year built: 1976
    Days on market: 24
  20. 3 beds, 4 full, 1 part baths
    Home size: 3,535 sq ft
    Lot size: 38,053 sqft
    Year built: 2010
    Parking spots: 4
    Days on market: 29
  21. 2 beds, 2 full baths
    Home size: 1,404 sq ft
    Lot size: 31,569 sqft
    Year built: 1989
    Days on market: 32
  22. 2 beds, 2 full, 1 part baths
    Home size: 1,787 sq ft
    Lot size: 41,094 sqft
    Year built: 1982
    Days on market: 34
  23. 3 beds, 5 full baths
    Home size: 3,535 sq ft
    Lot size: 38,053 sqft
    Year built: 2010
    Days on market: 35
  24. 3 beds, 3 full, 1 part baths
    Home size: 2,776 sq ft
    Lot size: 1.06 ac
    Year built: 1991
    Days on market: 36
  25. 3 beds, 5 full baths
    Home size: 3,535 sq ft
    Lot size: 38,053 sqft
    Year built: 2010
    Days on market: 38

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

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