Wilshire Corridor Condos, 2nd Qtr 2013 in Review

How did the Second Quarter of 2013 fare for Wilshire Corridor condo sales.  The first quarter was quite weak.

Since the luxury market is supposed to be creeping back,  let’s take a look.

The +/- stats are compared to the First Quarter of 2013.  Also, since one sale does not a median price make, many of those comparisons are missing.

Building Sold +/ Price/
Median Price
+/-

Avg. Price
Per Sq. Ft.++

Total
Active

Price/
Median Price

Pending
Beverly West* 0 N/A N/A N/A N/A 5 $5,552,000 0
Blair House 3 +3 $970,000 N/A $501.96 4 $1,722,500 0
Crown Towers 3 +1 $472,500 +30.39%  $411.54 1 $690,000 0
La Tour 2 +2 $1,925,000  N/A $607.93 3 $3,195,000 1
Marie Antoinette 1 = $340,000 N/A  $233.04 5 $499,000 0
Park Wilshire 3 +2 $905,000 +17.53% $484.35 7 $899,000 2
Ten Five Sixty 3 +2 $820,000 N/A $465.21 0 N/A 0
The Californian 1 +1 N/A N/A $945.08 2 $3.095,000 0
The Carlyle*
2 +2 $3,800,000 N/A $1,074.96 2 $4,995,000 1
The Churchill 3 -1 $410,000  N/A $410.66 2 $574,000 0
The Diplomat 0 = N/A N/A $477.80 0 N/A 0
The Dorchester** 2 +1 $736,000 N/A  $522.36 0 N/A 2
The Grand 2 +2 $920,000 N/A  $514.54 2 $914,500 0
The Longford 2 +2 $842,000 N/A  $419.43 2 $1,274,700 0
The Mirabella 4 +3 $1,142,500 N/A $529.10 0 N/A 0
Regency Wilshire 0  = N/A N/A  $471.96 0 N/A 0
The Remington 3 +2 $905,000 N/A $484.35 7 $899,000 2
The Venezia 0 =  N/A N/A  N/A 0 N/A 0
The Westford 1 -1 $1,400,000 N/A $424.12 1 $1,199,000 1
The Westholme 3 +2 $925,000 N/A $397.63 5 $770,000 1
The Wilshire 0 = N/A N/A $637.05 6 $2,522,000 0
Wilshire Comstock 1 -3 $501.888 N/A $358.24 2 $797,500 1
Wilshire Holmby 1 = $400,000 N/A $262.12 0 N/A 2
Wilshire House*** 0 -1 N/A N/A $966.53 1 $2.150,000 2
Wilshire Manning 3 +3 $1,150,000 N/A $472.83 0 N/A 2
Wilshire Marquis 1 = $552,000 N/A $507.35 1 $539,900 2
Wilshire Regent 4 +1 $457,500 +14.37% $566.50 1 $585,000 3
Wilshire Selby E.
1 +1 $515,000 N/A  $594.84 0 N/A 0
Wilshire Selby W.
2 +2 $411,250  N/A $431.08 0 N/A 5
Wilshire Terrace 3 +2 $742,000  N/A $344.50 4 $964,500 1
Wilshire Thayer 0 -1 N/A N/A $295.62 3 $599,500 1

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

* The Beverly West does not list all its units on the MLS.

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

**A penthouse sold at The Dorchester for $3,975,000 which was not included above.

***Wilshire House as a penthouse for sale at $12,800,000, not included above.

++ This is the last recorded price per sq. ft. where none is presently available.

Wilshire Corridor condos sales for the 2nd Qtr of 2013 were up over or equal to the 1st Qtr.   The exceptions to this were The Churchill, The Westford, Wilshire House and Wilshire Thayer,  which were each down by one unit.

Where the median price change makes any sense, it is up significantly in each instance.

If you are thinking of buying a condo on the Wilshire Corridor, you might pay attention to Marie Antoinette,  Park Wilshire, The Remington, The Westholme, and The Wilshire,  all of which have a healthy amount of inventory.

Now would be a great time for Wilshire Corridor condo sellers to put their homes on the market.

Wilshire Corridor rentals are also in short supply.

Recent market reports

Wilshire Corridor Condos.  First Quarter 2013 in Review
Wilshire Corridor Condo Market:   The Year in Review

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 7/31/2014)

  1. 1 bed, 1 full bath
    Home size: 600 sq ft
    Lot size: 42,193 sqft
    Year built: 1963
    Days on market: 2
  2. 2 beds, 3 full, 1 part baths
    Home size: 3,203 sq ft
    Lot size: 1.06 ac
    Year built: 1991
    Parking spots: 2
    Days on market: 2
  3. 2 beds, 1 full, 1 part baths
    Home size: 860 sq ft
    Lot size: 17,837 sqft
    Year built: 1972
    Parking spots: 1
    Days on market: 8
  4. 3 beds, 3 full baths
    Home size: 1,908 sq ft
    Lot size: 1.95 ac
    Year built: 1961
    Days on market: 8
  5. 3 beds, 3 full baths
    Home size: 1,812 sq ft
    Lot size: 31,569 sqft
    Year built: 1989
    Parking spots: 2
    Days on market: 8
  6. 2 beds, 2 full, 1 part baths
    Home size: 1,787 sq ft
    Year built: 1982
    Parking spots: 2
    Days on market: 9
  7. 2 beds, 2 full baths
    Home size: 1,922 sq ft
    Year built: 1980
    Days on market: 9
  8. 1 bed, 1 full, 1 part baths
    Home size: 1,036 sq ft
    Lot size: 31,459 sqft
    Year built: 1963
    Parking spots: 1
    Days on market: 11
  9. 2 beds, 2 full baths
    Home size: 1,722 sq ft
    Year built: 1980
    Days on market: 14
  10. 2 beds, 2 full baths
    Home size: 1,088 sq ft
    Lot size: 1.21 ac
    Year built: 1978
    Days on market: 15
  11. 3 beds, 2 full, 1 part baths
    Home size: 1,889 sq ft
    Lot size: 31,569 sqft
    Year built: 1989
    Parking spots: 2
    Days on market: 16
  12. 2 beds, 2 full, 1 part baths
    Home size: 2,735 sq ft
    Lot size: 38,053 sqft
    Year built: 2010
    Days on market: 17
  13. 2 beds, 2 full, 1 part baths
    Home size: 2,018 sq ft
    Lot size: 1.16 ac
    Year built: 1989
    Parking spots: 2
    Days on market: 20
  14. 3 beds, 3 full, 1 part baths
    Home size: 2,426 sq ft
    Lot size: 36,894 sqft
    Year built: 1980
    Days on market: 20
  15. 3 beds, 3 full, 1 part baths
    Home size: 2,365 sq ft
    Lot size: 36,894 sqft
    Year built: 1980
    Days on market: 22

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 call me 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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Date last updated: 7/31/14 5:16 PM PDT

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