Checking in on The Wilshire Corridor Condo Market

It’s already May 1st.  This year is almost half over.  So without further ado, let’s see what’s been happening in Wilshire Corridor condo market over the first third of 2012.

• Beverly West – 1200 Club View Drive:  Sold: 1, $5,000,000.  Active:  34
• Blair House – 10490 Wilshire Blvd:  Sold:  1, $3,700,000.  Active:  3
• Crown Towers – 10701 Wilshire Blvd:  Sold:  1, $375,000.  Active:  3
• La Tour – 10380 Wilshire Blvd:  Sold:  0.  Active:  6
• Marie Antoinette – 10787 Wilshire Blvd:  Sold 2, median $440,000.  Active:  3
• Park Wilshire – 10724 Wilshire Blvd: Sold 3, median $612,000.  Active 8
• Ten Five Sixty – 10560 Wilshire Blvd:  Sold 3,  median $1,025,000.  Active 2
• The Californian – 10800 Wilshire Blvd:  Sold:  0.  Active 6
• The Carlyle – 10776 Wilshire Blvd:  Sold:  2, median $3,025,000.  Active 7
• The Churchill – 10450 Wilshire Blvd:  No sales.  No active
• The Diplomat – 10350 Wilshire Blvd:  Sold 2:  Active 0
• The Dorchester – 10520 Wilshire Blvd:  Sold 2, median $675,000.  Active 8.
• The Grand – 10445 Wilshire Blvd:  Sold 1, $575,000.  Active 1
• The Longford – 10790 Wilshire Blvd:  Sold 2, median $477,500.  Active 1
• The Mirabella – 10430 Wilshire Blvd:  Sold 1, $980,000.  Active 0
• The Regency Wilshire – 10551 Wilshire Blvd: In Escrow 1, $1,848,000. Active 0
• The Remington – 10727 Wilshire Blvd:   Sold 2, median $1,617,500.  Active 1
• The Venezia – 10795 Wilshire Blvd:  No sales.  No active
• The Westford – 10750 Wilshire Blvd:  No sales.  No active
• The Westholme – 10590 Wilshire Blvd:  Sold 2, $368,750.  Active 3
• The Wilshire Manning – 10660 Wilshire Blvd:  Sold 1, $424,000.  Active 4
• The Wilshire – 10580 Wilshire Blvd:  Sold 2, median $1,238,875.  No active
• Wilshire Comstock – 865-875 Comstock:  Sold 4, median $502,500.  Active 4
• Wilshire Holmby – 10433 Wilshire Blvd:  Sold 2, median $365,000.  Active 1
• Wilshire House -10601 Wilshire Blvd:  Sold 0.  Active 6
• Wilshire Marquis – 10535 Wilshire Blvd:  Sold 2, median $538,500.  Active 1
• Wilshire Regent – 10501 Wilshire Blvd:  Sold 2,  median $535,000.  Active 6
• Wilshire Selby East – 10747 Wilshire Blvd:  Sold 1, $395,000.  Active 2
• Wilshire Selby West – 10751 Wilshire Blvd:  Sold 0.  Active 1
• Wilshire Terrace – 10375 Wilshire Blvd:  Sold 4, median $755,000.  Active 5
• Wilshire Thayer – 10550 Wilshire Blvd:  Sold 1, $1,150,000.  Active 2

 If you look at the Wilshire Corridor Condo market report for 2011,  you will see the following changes in terms of absorption rate (the number of months it will take to sell existing inventory, in this case based on the past 4 months sales).  6 months is a stable market, above that is a buyer’s market and below a sellers’ market:

From a buyers’ to a sellers’ market:

The Regency Wilshire
Ten Five Sixty
Wilshire Holmby

From a sellers’ market to a buyers’ market

Blair House
Crown Towers
Wilshire Regent
Wilshire Selby East
Wilshire Selby West