Wilshire Corridor Condo Market: The Year in Review

Another year has flown by and it is time to check in on the Wilshire Corridor condo market to see how sales progressed over 2012 compared with 2011.  Was there any improvement?  Let’s take a look.

The figures are based on 2 bedrooms units and up and do not include penthouse units.

Wilshire Corridor Condos 2012 Market Report

Building Sold +/2011 Median Price +/- 2011

Avg. Price
Per Sq. Ft.**

Total
Active

Median Price

Pending
Beverly West* 1 +1  $5,000,000 N/A  $1,202.50 N/A  N/A  N/A
Blair House 4  +2 $1,393,500 +11.08% $684.06 3 $2,625,000 0
Crown Towers 1  -5 $475,000 N/A  $415.36 3 $785,000 2
La Tour 2 -3 $2,060,000  +17.71% $655.42 2 $2,312,000 1
Marie Antoinette 5 -1 $400,000 -10.10%  $287.20 0 N/A 2
Park Wilshire 6 -2 $692,544 -4.80% $368.78 1 $1,299,000 1
Ten Five Sixty 8 +4 $962,500 -0.62% $472.32 4 $964,500 2
The Californian 5 +1 $2,100,000 +16.67 $789.71 5 $2,795,000 0
The Carlyle** 4 +3 $2,525,000 N/A $851.47 7 $3,795,000 2
The Churchill 2 -2 $562,500  +25.84% $330.79 2 $607,000 0
The Diplomat 2 = $1,060,000  +21.14% $477.80 0 N/A 0
The Dorchester 6 +4 $712,500 +18.26%  $403.27 3 $750,000 2
The Grand 4  = $615,000 -10.87%  $348.05 0 N/A 1
The Longford 3 +2 $525,000 N/A  $389.50 3 $948,880 0
The Mirabella 3 -2 $980,000 -10.91% $473.43 1 $1,330,000 1
Regency Wilshire 1  = $1,700,000 N/A  $471.96 1 $1,495,000 0
The Remington 6 +1 $1,542,000 +14.22% $675.45 4 $2,845,000 0
The Venezia 0 -1  N/A N/A  N/A 0 N/A 0
The Westford 2 -1 $1,007,200 +3.30% $473.98 1 $1,299,000 3
The Westholme 7 +3 $483,000 +34.17% $320.93 4 $847,000 0
The Wilshire 4 = $1728,875 +32.48% $637.05 0 N/A 0
Wilshire Comstock 8  = $615,000 -20.02% $390.76 1 $750,000 3
Wilshire Holmby 4 -2 $460,000 -0.86% $336.79 0 N/A 0
Wilshire House 5 +2 $1,900,000 +43.29% $726.84 2 $2.085,000 0
Wilshire Manning 1 = $1,160,000 N/A $476.78 6 $1,061,500 0
Wilshire Marquis 5 -2 $495,000 +17.86 $435.79 1 $590,000 1
Wilshire Regent+ 12 +4 $406,250 -29.35% $526.52 2 $475,000 2
Wilshire Selby E.+ 5 +2 $450,000 +4.65%  $421.00 0 N/A 0
Wilshire Selby W.+ 1 -5 $355,000  N/A $416.18 0 N/A 1
Wilshire Terrace 5 +4 $572,500  N/A $317.08 1 $795.000 1
Wilshire Thayer 1 -3 $1,150,000 N/A $535.88 2 $540,000 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

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

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

+These figures include one bedroom units

The majority of Wilshire Corridor condo buildings are favoring sellers, the exceptions being, Beverly West, Blair House, La Tour, The Longford, Regency Wilshire, Wilshire Manning, and The Thayer.  The Californian, The Remington, The Churchill, and The Westford are all balanced between buyers and sellers.

It is difficult to see a trend with some of the median prices up and others down, the same with number of sales.  But overall, buyers are looking for condos on the Wilshire Corridor, and som fresh, new inventory would be welcome.

Recent market reports

Wilshire Corridor Condo Market Report November 2012
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 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: 9
  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: 16
  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

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

 
 

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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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Comments

  1. Jane, what a comprehensive report about the Wilshire Corridor! I can’t imagine why anyone would go to anyone but you if they were looking to BUY or SELL on the Wilshire Corridor!

  2. Thank you very much, Thom. That is praise indeed coming from the Midtown Atlanta condo expert.

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