Wilshire Corridor Condo Market: The Year in Review

Originally posted on December 31, 2012


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)

  1. 2 beds, 2 full baths
    Lot size: 17,881 sqft
    Year built: 1972
    Days on market: 0
  2. 2 beds, 2 full, 1 part baths
    Home size: 2,776 sq ft
    Lot size: 1.94 ac
    Year built: 1989
    Days on market: 2
  3. 1 bed, 2 full baths
    Home size: 999 sq ft
    Lot size: 17,760 sqft
    Year built: 1972
    Days on market: 2
  4. 3 beds, 2 full, 1 part baths
    Home size: 2,071 sq ft
    Lot size: 31,569 sqft
    Year built: 1989
    Days on market: 4
  5. 1 bed, 1 full, 1 part baths
    Home size: 1,090 sq ft
    Lot size: 2.14 ac
    Year built: 1958
    Days on market: 6
  6. 1 bed, 1 full, 1 part baths
    Home size: 929 sq ft
    Lot size: 17,881 sqft
    Year built: 1972
    Days on market: 9
  7. 3 beds, 3 full, 1 part baths
    Home size: 3,083 sq ft
    Lot size: 33,028 sqft
    Year built: 1990
    Days on market: 11
  8. 2 beds, 3 full baths
    Home size: 2,635 sq ft
    Lot size: 37,847 sqft
    Year built: 2001
    Days on market: 11
  9. 3 beds, 4 full, 1 part baths
    Home size: 3,389 sq ft
    Lot size: 38,053 sqft
    Year built: 2010
    Days on market: 14
  10. 3 beds, 2 full, 1 part baths
    Home size: 2,082 sq ft
    Year built: 1961
    Days on market: 15
  11. 1 bed, 2 full baths
    Home size: 1,076 sq ft
    Lot size: 17,760 sqft
    Year built: 1972
    Days on market: 17
  12. 1 bed, 1 full bath
    Home size: 673 sq ft
    Lot size: 42,193 sqft
    Year built: 1963
    Days on market: 21
  13. 2 beds, 2 full, 1 part baths
    Home size: 2,018 sq ft
    Lot size: 1.16 ac
    Year built: 1989
    Days on market: 22
  14. 2 beds, 2 full, 1 part baths
    Home size: 2,772 sq ft
    Lot size: 38,053 sqft
    Year built: 2010
    Days on market: 22
  15. 2 beds, 2 full baths
    Home size: 1,711 sq ft
    Lot size: 18,524 sqft
    Year built: 1981
    Days on market: 22

See all Wilshire Corridor Condos for Sale.
(all data current as of 9/4/2015)

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

 
 

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(2) 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!

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