Wilshire Corridor Condos. How are They Doing so Far This Year?

The Los Angeles real estate market is heavily favoring sellers.  Prices are rising, days on the market slowly dropping, and inventory extremely low.  So let’s see how the Wilshire Corridor condo market is doing so far this year.  The luxury market has started to pick up, but is still slower than the more moderately priced market.

Is the Wilshire Corridor Condo market favoring sellers?

Sold:  16 – low price $350,000, high price $2,830,000.  This is 4 down from the same period in 2012.

Median price:  $522,400 – down 6.71% over the same period in 2012.

Average days on the market:  147 – up 44 days over 2012.

Sold price vs list price:  95.83% – up 4.7% over 2012.

Under contract:  33

Active:  65

Median price:  $1,499,000

There really is no pattern here.  The median sold price is down as are the number of solds compared with the same period last year, and the average days on the market is up slightly.  However, the sold price over the list price is up slightly.

There are 65 condos on the market right now, 30 of which came on the market since January.  With 68 sold over the past 6 months and 33 presently under contract, now is a good time for prospective sellers,  to consider putting their homes on the market.  Joining most of the rest of Los Angeles, the Wilshire Corridor condo market is definitely a sellers’ market.

Wilshire Corridor condos for sale

  1. 5 beds, 3 full, 5 part baths
    Home size: 6,078 sq ft
    Lot size: 39,462 sqft
    Year built: 1982
    Days on market: 0
  2. 2 beds, 2 full, 1 part baths
    Home size: 1,863 sq ft
    Lot size: 41,094 sqft
    Year built: 1982
    Days on market: 1
  3. 2 beds, 1 full, 3 part baths
    Home size: 3,150 sq ft
    Lot size: 39,462 sqft
    Year built: 1982
    Days on market: 1
  4. 2 beds, 2 full, 1 part baths
    Home size: 2,299 sq ft
    Lot size: 20,947 sqft
    Year built: 1976
    Parking spots: 4
    Days on market: 2
  5. 1 bed, 1 full bath
    Home size: 1,080 sq ft
    Lot size: 41,025 sqft
    Year built: 1961
    Days on market: 4
  6. 2 beds, 2 full baths
    Home size: 1,312 sq ft
    Lot size: 20,947 sqft
    Year built: 1976
    Days on market: 4
  7. 1 bed, 1 full bath
    Home size: 643 sq ft
    Lot size: 41,025 sqft
    Year built: 1961
    Parking spots: 4
    Days on market: 6
  8. 2 beds, 2 full, 1 part baths
    Home size: 2,640 sq ft
    Lot size: 1.06 ac
    Year built: 2005
    Days on market: 7
  9. 4 beds, 5 full, 1 part baths
    Home size: 5,742 sq ft
    Lot size: 1.06 ac
    Year built: 1991
    Days on market: 7
  10. 2 beds, 2 full, 1 part baths
    Home size: 1,682 sq ft
    Lot size: 1.94 ac
    Year built: 1989
    Days on market: 9
  11. 3 beds, 1 full, 2 part baths
    Home size: 1,897 sq ft
    Lot size: 1.95 ac
    Year built: 1961
    Days on market: 9
  12. 2 beds, 1 full, 2 part baths
    Home size: 2,440 sq ft
    Lot size: 39,462 sqft
    Year built: 1982
    Days on market: 10
  13. 2 beds, 3 full baths
    Home size: 1,696 sq ft
    Lot size: 28,139 sqft
    Year built: 1980
    Parking spots: 4
    Days on market: 15
  14. 1 bed, 2 full baths
    Home size: 744 sq ft
    Lot size: 42,193 sqft
    Year built: 1964
    Parking spots: 2
    Days on market: 17
  15. 3 beds, 4 full, 1 part baths
    Home size: 3,535 sq ft
    Lot size: 38,053 sqft
    Year built: 2010
    Days on market: 17

See all Wilshire Corridor Condos for Sale.
(all data current as of 5/22/2015)

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.

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