Wilshire Corridor Condo Market Report 2012, Through May

Let’s take a look at the Wilshire Corridor Condo activity for May 2012.

Wilshire Corridor Condos a Market Report 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 Sixty  3 0 $479.55 $1,025,000 3  3
The Californian  0 0 N/A N/A 6  0
The Carlyle**  2 0 $959.25 $3,025,000 5 1
The Churchill  0 0 N/A N/A 1  0 ?
The Diplomat  2  0 $477.80  $1,060,000  0  0
The Dorchester  3  1 $362.31 $567,000 5 0
The Grand 1 0 $299.17 $575,000 2  1
The Longford  2 0 $292.77 $477,500 1  0
The Mirabella 1 0 $426.46 $980,000 1 0
The Regency Wilshire 1 1  $471.96 $1,700,000 0 0
The Remington 2 0 $609.46  $1,617,500 1 1
The Venezia 0 0  N/A N/ A 0 0 ?
The Westford 0  0 N/A N/ A  1 0  ?
The Westholme 3  1 $264.09  $382,500 4 0
The Wilshire 2 0 $492.01 $1,238,875  0 0
Wilshire Comstock++ 7 3 $349.57 $502,500  4  2
Wilshire Holmby 3  1 $341.69 $374,000  2 0
Wilshire House 0 0 N/A  N/ A 6 0
Wilshire Manning  1 0 $359.96 $410,000 2  0
Wilshire Marquis  2 0 $384.64 $538,500 1 3
Wilshire Regent+++ 7 5  $483.82 $406,250 4 3
Wilshire Selby E. 2 1 $383.36 $412,500 1 2
Wilshire Selby W. 0  0 N/A N/ A 1 0
Wilshire Terrace 4  0 $429.15 $755,000 4  1
Wilshire Thayer  1 0 $535.88  $1,150,000  1  1

 

 

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

Sellers’ 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 may not be totally accurate.

+Average price per square foot also excludes high-priced penthouse units.

Not included in median price and average price per sq. ft:
++A maid’s unit sold at the Wilshire Comstock for $20,000
+++A torn-apart, one bedroom unit sold for $196,000

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.

There is  still not a lot of movement on The Wilshire Corridor,  with new inventory low.  So sellers considering putting your homes on the market  now would be a good time.  There are buyers out there.  There are also people look to rent on the Wilshire Corridor.  Did I mention inventory is low?

Previous Wilshire Corridor Condo Market Reports

Wilshire Corridor Condo Market Report First Third of 2012
Wilshire Corridor Condo Market Report February 2012
Wilshire Corridor Condo Market Report 2011

Wilshire Corridor Condos for Sale

Buying or Selling Los Angeles Real Estate

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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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