Wilshire Corridor Condos January Activity

It is the new year and time to see what happened with the Wilshire Corridor condo market in January. There is a desperate shortage of inventory, sales prices are rising, and the luxury market which has been stagnant for a while is finally starting to move. So, let’s take a look:

Wilshire Corridor condos activity for January 2013

Wilshire Corridor condo sales

Sold +/- Price Range Median Price +/- Active Median New Jan. Pending Sold v List Price
6 -5 $400,000 to $1,000,000 $502,500 -11.84% 67 $1,049,000 19 28 94.51%

 

Wilshire Corridor condo leases

 

Leased Price Range Median Price Active Price Range New Jan. Median
 8  $3,155 to $13,000  $4,450  51  $1,950 to $22,500 17  $5,001

 Information provided by MLS/CLAW deemed reliable but not guaranteed

Sales are down in January over the the same month in 2011 and the median price is down.  However there are 28 sales pending and 19 new listings came on the market in January, which is good news for an area suffering from low inventory.

February should be a good month for Wilshire Corridor condo sales.  Check in again in March.

Previous market reports

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

Condos for sale on the Wilshire Corridor

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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