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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Read more: http://www.homejane.com/wilshire-corridor-condo-market-1st-third-2012.html#ixzz1v4noRrHQ

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Show All Comments
Rainmaker
595,236
Sun City Grand Homes Surprise AZ Real Estate Leolinda Bowers
Long Realty West Valley Sun City Grand Surprise Arizona - Surprise, AZ
Associate Broker Realtor Arizona Golf Communities

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 #1
Rainmaker
888,712
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

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

May 16, 2012 05:06 PM #2
Ambassador
338,583
Emily Medvec
Keller Williams Santa Fe - Santa Fe, NM
Realtor, Santa Fe NM |CNE CRS RSPS | 505-660-4541

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 #3
Ambassador
1,830,888
Jeff Dowler CRS
Solutions Real Estate - Carlsbad, CA
Carlsbad CA Homes for Sale (760) 840-1360

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 #4
Rainmaker
482,920
Sarah Oswald
Eastvale Team Realty & Property Mgmt - Corona, CA
Broker, Realtor, CDPE, CIAS, SFR , Investor

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 #5
Rainmaker
888,712
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

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 #6
Rainmaker
685,831
Gene Mundt
www.genemundt.com - Joliet, IL
Mortgage Lender - Chicago/Chicagoland Mortgages

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 #7
Rainmaker
888,712
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

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

May 18, 2012 03:38 PM #8
Rainmaker
717,563
Juli Vosmik
Dominion Real Estate Partners, LLC, Scottsdale, AZ - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

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 #9
Rainmaker
888,712
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

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

May 19, 2012 03:39 PM #10
Rainmaker
605,209
Teri Eckholm
REMAX Specialists - White Bear Lake, MN
Acreage & Lakeshore REALTOR Minneapolis St Paul

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 #11
Rainmaker
888,712
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

Teri,  thank you very much.

May 19, 2012 07:57 PM #12
Rainmaker
723,013
Larry Brewer
Benchmark Realty LLc - Nashville, TN
Nashville Real Estate

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 #13
Rainmaker
888,712
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

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

May 20, 2012 11:43 AM #14
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Rainmaker
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Jane Peters

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