As always, for those of you thinking of buying a Wilshire Corridor condo I endeavor to keep you informed on a monthly basis about condos sold and available units.
The statistics below are for Wilshire Corridor condo sales for the month of March.
Wilshire Corridor Sales Report March 2011
||Sold||Avg. Sold Price
||Avg. Price Per SF
||Active||Avg. Price||Avg. Price Per SF||Absorption Rate
|Ten Five Sixty||2||$846,000||$454.59||103||7||$1,465,857||$692.94||10.5|
|The Wilshire Comstock||1||$390,000||$290.39||10||3||$1,186,333||$472.02||9|
|Wilshire Selby E.||1||$420,000||$417.50||127||2||$449,000||$522.09||6|
|Wilshire Selby W.||1||$312,000||$461.54||113||1||$299,900||$443.64||3|
All information from the CLAW MLS is deemed accurate but is not guaranteed.
* Beverly West and The Carlyle are selling in-house as well as through the MLS so there is no clear record of sold units available.
Absorption Rate: Under 6 months = sellers’ market. 6 Months = balanced market. Over 6 months = buyers’ market
If you are thinking of buying a Wilshire Corridor condo the market continues to be in your favor.
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