Wilshire Corridor Condo Market Report | 1st Third of 2012

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Real Estate Agent with Power Brokers Int'l BRE# 01439865

Let’s see how the Wilshire Corridor Condo Market for the 1st Third of 2012 compares with the same period last year.

Building Sold Over 2011 Low Price High Price Median Price % of 2011 Active Pending Market
Beverly West* 1       $5,000,000        
Blair House  1 =     $3,700,000 N/A 4 1  
Crown Towers 1  -1     $375,000 N/A  4 1  
La Tour 0  -1     N/A  N/A 5  0  
Marie Antoinette 2 = $400,000 $480,000  $440,000 15.18 3 0  
Park Wilshire  3 -1 $610,000 $620,000 $612,000 -11.94 8 1  
Ten Five Sixty  3 +1 $900,000 $1,171,000 $1,025,000 21.16 4  2  
The Californian  0 -1 N/A N/A N/A N/A 6  0  
The Carlyle**  2  +2 $2,300,000 $3,750,000 $3,025,000  N/A 6 0  
The Churchill  0 -1 N/A N/A N/A  N/A 1  0 ?
The Diplomat  2 +2 $725,000 $1,395,000  $1,060,000  N/A  0  0  
The Dorchester  2  +2 $500,000 $850,000 $675,000 N/A 5 0  
The Grand 1 -2 N/A N/A $575,000 N/A  1  0  
The Longford  2 +2 $430,000 $525,000 $477,500 N/A 1  0  
The Mirabella 1 = N/A N/A $980,000 N/A 1 0  
The Regency Wilshire 0 = N/ A N/ A N/ A N/ A 0 1  
The Remington 2 -1 N/ A N/ A  $1,617,500 N/ A 1 1  
The Venezia 0 -1 N/ A  N/ A N/ A N/ A 0 0  
The Westford 0  = N/ A  N/ A N/ A N/ A  1 0  ?
The Westholme  2  +1 $355,000 $382,500  $368,750  N/A 4 0  
The Wilshire 2 +2  $920,000 $1,557,750 $1,238,875  N/ A  0 0  
Wilshire Comstock 4 -1 $62,000+ $650,000 $502,500 -36.31  4  4  
Wilshire Holmby 2  -4 $315,000  $415,000 $365,000 -10.43%  2 2  
Wilshire House 0 -1 N/ A  N/ A  N/ A N/ A 6 0  
Wilshire Manning  1 -1  N/ A  N/ A $424,000  N/ A 2  2  
Wilshire Marquis  2  =  $527,000  $550,000 $538,500  28.21 0 3  
Wilshire Regent 2 +1 $370,000 $700,000 $535,000 12.63 3 4  
Wilshire Selby E. 1 -1 N/ A N/ A $395,000  N/ A  2 2  
Wilshire Selby W. 0  -3  N/ A N/ A N/ A N/ A 1 0  
Wilshire Terrace 4  +4 $425,000 $1,850,000 $755,000 N/ A  5  0  
Wilshire Thayer  1  +1  N/ A  N/ A  $1,150,000  N/ A  1  1  

All information provided by MLS/CLAW is deemed accurate but is not guaranteed.

Seller’s Market Buyers’ Market Stable Market
Less than 6 months inventory More than 6 months inventory  

 

 


* The Beverly West does not list all its active condos on the MLS.  The first unit did sell quickly.  However, there are approximately 35 more units for sale.

 

**The Carlyle sells in house also, so the figures are not totally accurate.

+This was a maid’s unit.

The market statistics are a rough indication of whether the building is trending towards a sellers’ or a buyers’ market.  A question mark (?) denotes that there is not enough information available to show the trend.

Overall, inventory is low on The Wilshire Corridor.  Buyers are out there looking, so now might be a good time for sellers to consider putting their homes on the market.

Wilshire Corridor Condos for Sale

 

 

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Topic:
Real Estate Market Trends
Location:
California Los Angeles County Los Angeles Wilshire Corridor
Groups:
Market Reports
Tags:
condos for sale on the wilshire corridor
wilshire corridor
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Rainmaker
593,600
Sun City Grand Homes Surprise AZ Real Estate Leolinda Bowers
Associate Broker Realtor Arizona Golf Communities
Long Realty West Valley Sun City Grand Surprise Arizona

Interesting to see how many condo's are experiencing a seller's market.  I find your market report concise, easy to read and apprehend.

May 16, 2012 05:02 PM
Rainmaker
882,166
Jane Peters
Connecting you to the L.A. real estate scene
Power Brokers Int'l

Leolinda, thank you.  I try and make them as simple as possible.

May 16, 2012 05:06 PM
Ambassador
337,647
Emily Medvec
Realtor, Santa Fe NM |CNE CRS RSPS | 505-660-4541
Keller Williams Santa Fe

Jane, it looks like demand and supply is back in your condo market. I know how much time it takes to do stats. Yours demonstrate your deep knowledge of your market and the reason I follow your blog given you are one of our feeder markets. Good news for your market is good news for our market!

May 16, 2012 06:56 PM
Ambassador
1,803,694
Jeff Dowler CRS
Carlsbad CA Homes for Sale (760) 840-1360
Solutions Real Estate

Jane

The Wilshire Corridor is certainly an interesting area in terms of the buildings and what they offer buyers, and is clearly becoming more competitive. Anyone looking to buy in that area needs to be in touch with you given the wealth of knowledge and understanding that you can bring to their home search or sale.

Jeff

May 16, 2012 08:38 PM
Rainmaker
449,351
Sarah Oswald
Broker, Realtor, CDPE, CIAS, SFR , Investor
Eastvale Team Realty & Property Mgmt

Jane - you are the expert to go to for the Wilshire Corridor. Thanks for providing such a concise and detailed report.

May 17, 2012 08:28 AM
Rainmaker
882,166
Jane Peters
Connecting you to the L.A. real estate scene
Power Brokers Int'l

Emily, thank you.  I will need to keep ours on an upward momentum so that you can benefit :)

Jeff,  thank you kindly.  Praise indeed coming from you.

Sarah,  thank you for dropping by :)

May 17, 2012 09:51 AM
Rainmaker
674,051
Gene Mundt
Mortgage Lender - Chicago/Chicagoland Mortgages
www.genemundt.com

Wow!  What an amazing market report you've put together here, Jane!  This took some hard work!  Looks like you've got some positive stats to crow about too.  Thought of you just this morning when I read a report relating the good news that your Los Angeles/South California locations are enjoying.  Sure hope it continues ... for yourself and Emily's sake too!

Gene

May 18, 2012 03:00 PM
Rainmaker
882,166
Jane Peters
Connecting you to the L.A. real estate scene
Power Brokers Int'l

Gene, thank you very much.  Let's hope it continues.

May 18, 2012 03:38 PM
Rainmaker
706,528
Juli Vosmik
Scottsdale/Cave Creek, AZ real estate 480-710-0739
Dominion Real Estate Partners, LLC, Scottsdale, AZ

Jane, that's a lot of work you put into presenting your Wilshire corridor condo market report.  I like the use of the red and blue - makes it very easy to understand.  This is exactly why people looking to buy a condo in the Wilshire corridor should call Jane Peters.  She really understands her Los Angeles real estate market.  

May 19, 2012 01:15 PM
Rainmaker
882,166
Jane Peters
Connecting you to the L.A. real estate scene
Power Brokers Int'l

Juli,  as always, thank you very much for your kind words.

May 19, 2012 03:39 PM
Rainmaker
604,403
Teri Eckholm
Acreage & Lakeshore REALTOR Minneapolis St Paul
REMAX Specialists

Jane--This is one of the best market reports I have ever seen. Easy to read and comprehensive...perfect tool for any condo buyer in the LA area!

May 19, 2012 07:18 PM
Rainmaker
882,166
Jane Peters
Connecting you to the L.A. real estate scene
Power Brokers Int'l

Teri,  thank you very much.

May 19, 2012 07:57 PM
Rainmaker
715,503
Larry Brewer
Nashville Real Estate
Benchmark Realty LLc

Wow Jane - that looks like a lot of work, but I'm sure it will pay off with many buyers in the near future,

May 20, 2012 10:07 AM
Rainmaker
882,166
Jane Peters
Connecting you to the L.A. real estate scene
Power Brokers Int'l

Larry,  thank you.  Hopefully we will get more inventory in some of these buildings.

May 20, 2012 11:43 AM
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Rainmaker
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Jane Peters

Connecting you to the L.A. real estate scene
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