Wilshire Corridor Condo Market Report November 2012

The  Wilshire Corridor is a section of Wilshire Blvd. in Westwood  stretching from just east of Westwood Blvd. to the Los Angeles Country Club.  Populated with high end condominium buildings it is a much sought-after location for those seeking luxury accommodation in full-service buildings with spectacular views.

Let’s check in and see how Wilshire Corridor condo sales did in November 2012.

Wilshire Corridor condo market report November 2012

Building Sold +/- Sept. Price Range

Avg. Price
Per Sq. Ft.**

Total
Active

Price Range

New
Oct.
Pending
Beverly West*  $1,202.50
Blair House 1  +1 $1,249,000 $449.93 4 $825,000 to $4,196,000 1 0
Crown Towers 0  = N/A  $407.62 5 $490,000 to $795,000 1 3
La Tour 0  -1 $1,920,000 $655.42 2 $2,100,000 to $2,649,000 0 1
Marie Antoinette 1 +1 $419,026  $287.20 1 $385,000 0 2
Park Wilshire 0 -1 N/A $361.01 4 $499,000 to $1,299,000 0 1
Ten Five Sixty 1 = $1,740,000 $621.87 4 $845,000 to $2,595,000 2 2
The Californian 0  = N/A $895.74 6 $2,150,000 to $11,995,000  1 1
The Carlyle* 0  = N/A $744.78 8 $2,725,000 to $4,295,000 N/A 2
The Churchill 0 = N/A $323.41 2 $575,000 to $639,000 0 2
The Diplomat 0 = N/A $477.80 0 N/A 0 0
The Dorchester 0 = N/A  $403.27 2 $750,000 to $4,200,000 0 3
The Grand 0  = N/A  $365.61 0 N/A 0 1
The Longford 0  = N/A $358.71 3 $549,500 to $2,250,000 2 0
The Mirabella 0  = N/A $497.34 1 $1,330,000 1 1
Regency Wilshire 0  = N/A  $471.96 1 $1,495,000 0 0
The Remington 2 +1 $1,850,000 to $2,375,000 $801.71 4 $1,850,000 $3,495,000 1 0
The Venezia 0 N/A  N/A  N/A 0 N/A 0 0
The Westford 0 -1 N/A $473.98 2 $1,299,000 to $1,485,000 0 2
The Westholme 2 +1 $822,700 to $1,149,000 $393.73 3 $525,000 to $1,149,000 0 1
The Wilshire 1 +1 $2,575,000 $827.71 1 $1,995,000 0 0
Wilshire Comstock 3  +1 $362,000 to $1.650,000 $406.14 3 $569,900 to $750,000  0 4
Wilshire Holmby 0 = N/A $351.64 0 N/A 0 1
Wilshire House 1 +1 $2,735,000 $1,094.00 2 $1,420,000 to $2,750,000 2 1
Wilshire Manning 0 = N/A $439.53 7 $385,000 to $1,249,000 1 0
Wilshire Marquis 0 = N/A $435.79 2 $559,000 to $595,000 0 0
Wilshire Regent 1 = $625,000 $515.68 3 $475,000 to $760,000 1 2
Wilshire Selby E. 0 = N/A  $420.34 0 N/A 0 0
Wilshire Selby W. 0 = N/A $399.73 1 $349,000 1 1
Wilshire Terrace 2 +2 $700,000 to $955,000 $376.14 1 $795.000 0 1
Wilshire Thayer 0 = N/A $463.72 2 $505,000 to $575,000 0 1
Seller’s Market Stable Market Buyers’ Market
Less than 5 months inventory 5 to 7 months inventory More than 7 months inventory

Information taken from the MLS/CLAW deemed reliable but not guaranteed.

Prices in red reflect penthouses or, in the case of the Wilshire Comstock, two units combined.

* The Beverly West is not presently listing its active condos on the MLS.  The first unit did sell quickly.  No new figures are presently available.

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

**Where no sales have occurred this reflects the average of the nearest sale(s).

There are a total of 75 units for sale presently on the Wilshire Corridor, 8 more than in October, and 15 sold in the month of October 6  more than October.

With a total of 71 sold over the past 6 months, this averages 11 .83 sold a month which means that it would take 6.34 months to sell the existing inventory.  Over the past 3 months 29 have sold which is an average of 9.67 per month.  This means that it would take 7.76 months to sell the existing inventory.  Basically this is a buyers’ market.

This indicates that the Wilshire Corridor is a fairly balanced market overall, although the above chart indicates where each building falls.

Recent market reports

Wilshire Corridor Condos Market Report October 2012
Wilshire Corridor 3rd Quarter Market Report 2012
Wilshire Corridor Half Year Market Report 2012

Wilshire Corridor Condos for Sale

 
(Sample listings)

See all Wilshire Corridor Condos for Sale.
(all data current as of 12/22/2014)

  1. 2 beds, 3 full baths
    Home size: 2,445 sq ft
    Lot size: 1.16 ac
    Year built: 1990
    Days on market: 8
  2. 1 bed, 2 full baths
    Home size: 806 sq ft
    Lot size: 42,193 sqft
    Year built: 1963
    Days on market: 9
  3. 2 beds, 2 full baths
    Home size: 1,403 sq ft
    Lot size: 31,569 sqft
    Year built: 1989
    Days on market: 10
  4. 2 beds, 2 full, 1 part baths
    Home size: 2,146 sq ft
    Lot size: 18,524 sqft
    Year built: 1981
    Parking spots: 2
    Days on market: 10
  5. 3 beds, 3 full, 1 part baths
    Home size: 2,426 sq ft
    Lot size: 36,902 sqft
    Year built: 1980
    Parking spots: 2
    Days on market: 14
  6. 1 bed, 1 full, 1 part baths
    Home size: 1,105 sq ft
    Lot size: 31,459 sqft
    Year built: 1963
    Days on market: 17
  7. 2 beds, 2 full, 1 part baths
    Home size: 2,803 sq ft
    Lot size: 42,886 sqft
    Year built: 1982
    Days on market: 17
  8. 2 beds, 2 full, 1 part baths
    Home size: 2,906 sq ft
    Lot size: 41,094 sqft
    Year built: 1982
    Days on market: 18
  9. 2 beds, 3 full baths
    Home size: 2,352 sq ft
    Lot size: 21,492 sqft
    Year built: 1982
    Days on market: 19
  10. 2 beds, 2 full baths
    Home size: 1,017 sq ft
    Lot size: 17,760 sqft
    Year built: 1972
    Parking spots: 4
    Days on market: 19
  11. 2 beds, 2 full baths
    Home size: 1,088 sq ft
    Year built: 1978
    Parking spots: 2
    Days on market: 20
  12. 2 beds, 2 full, 1 part baths
    Home size: 3,813 sq ft
    Year built: 2014
    Days on market: 20
  13. 2 beds, 3 full baths
    Home size: 4,158 sq ft
    Year built: 2014
    Days on market: 20
  14. 3 beds, 3 full, 1 part baths
    Home size: 3,083 sq ft
    Lot size: 33,028 sqft
    Year built: 1990
    Parking spots: 2
    Days on market: 21
  15. 2 beds, 2 full baths
    Home size: 1,706 sq ft
    Lot size: 32,839 sqft
    Year built: 1980
    Days on market: 21

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

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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