Thinking of Buying on the Wilshire Corridor? – First Quarter Sales Report

Wilshire Corridor Condo Market Report First Quarter 2011,  Wilshire Corridor Sales March 2011

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

Condo Building
Sold Avg. Sold Price
Avg. Price Per SF
Avg. DOM
Active Avg. Price Avg. Price Per SF Absorption Rate
Beverly West* 0 1 $7,767,100 $1,867.99 3
The Carlyle* 0 7 $5,015,571 $1,474.80 21
Blair House, 1 $799,000 $478.44 4 1 $2,832,800 $862.75 3
The Californian 1 $2,050,000 $776.52 29 5 $1,829,975 $965.51 15
The Remington 1 $9,200,000 $1,562.23 237 6 $3,120.833 $1,097.66 18
La Tour 0 7 $2,211,429 $704.02 21
The Longford 0 1 $700,000 $250.90 3
The Wilshire 0 7 $2,021,857 $786.02 21`
Wilshire House 1 $1,326,000 $481.48 7 4 $2,032,500 $579.01 12
Park Wilshire 2 $837,500 $435.64 175 6 $911,333 $466.23 9
The Grand 2 $745,000 $436.69 113 4 $763,500 $439.61 6
The Mirabella 1 $1,130,000 $400.99 17 1 $2,590,000 $924.01 3
The Venezia 1 $1,200,000 $628.93 41 1 $1,250,000 $728.01 3
Ten Five Sixty 2 $846,000 $454.59 103 7 $1,465,857 $692.94 10.5
Wilshire Manning 2 $738,000 $393.92 131 4 $1,450,000 $570.98 6
The Churchill 1 $400,000 $294.77 195 3 $448,333 $354.23 9
The Wilshire Comstock 1 $390,000 $290.39 10 3 $1,186,333 $472.02 9
Wilshire Terrace o 5 $1,186,500 $427.80 15
Crown Towers 1 $525,000 $387.17 143 2 $669,000 $470.96 6
Marie Antoinette 1 $400,000 $274.16 34 4 $501,894 $344.00 12
The Diplomat 2 $875,000 $414.10 313 0
The Dorchester 0 1 $5,250,000 $881.32 3
The Westford 3 $948,333 $443.01 48 0 Sellers’
The Westholme 0 4 $1,017,000 $469.80 12
Wilshire Holmby 4 $405,972 $$310.20 66 3 $434.187 $324.10 2.25
Wilshire Regent 0 11 $579,773 $592.61 33
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
Wilshire Thayer 0 2 $457,000 $267.10 6
Wilshire Marquis 1 $420,000 $381.82 69 1 $375,000 $344.67 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.

Recent Related Posts

What’s Happening on the Wilshire Corridor Right Now
Wilshire Corridor Homes Report – What Happened in 2010?

Map of the Wilshire Corridor


View Wilshire Corridor in a larger map

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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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Comments

  1. Jane – You did an excellent job with this market report for Wilshire Corridor Condos.

  2. Thank you very much.

  3. This is a fantastic Wilshire Corridor market report that clearly outlines what each specific area has available and what type of market is being experienced in that region. Well done!

  4. Thank you, Anita. I appreciate it.

  5. Jane,

    We have spoken several times by phone and you have always impressed me with your positive but realistic approach to real estate.

    Now I see your “Wilshire corridor” sales report and am impressed even more! My northern California clients enjoy this kind of accurate information as I am sure your LA clients do. Nice work!

    Let’s help these banks get out of the real estate business and back where they belong – helping people finance homes!

  6. Sounds like a plan.

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