Wilshire Corridor Sales August 2016 include approximately 19 sales. There were several one bedroom condos sold in the low $500,000-$537,500 range in buildings like The Wilshire Manning,(1236 sq ft), Wilshire Selby (853 +860 sq ft), and The Churchill(1035 sq ft)f. In the higher $4 million price range there were two sales in the Carlyle at 10776 Wilshire Blvd. Average Prices for 2700-3100 square feet in better buildings varied from just under 2 million to over 3 million depending on the building the units were located in.
There is still a shortage of listings under $800,000,000 and we continue to see listings sell and demand high due to low interest rates and desire for home ownership. One of the better buys for a studio with 653 sq feet is in the Wilshire Regent pictured below . It sold $495,000,000. It is a very well designed small unit with terrific views in a building that has many amenities including 24 hour security, valet parking, gym, pool, guest suites etc. Another great buy this month was the Penthouse in the Churchill that sold for $740,000. and needed cosmetic work. The Wilshire Corridor remains a central location in Los Angeles to live in. There continue to be more buyers than inventory as noted in my previous blog posts. There are over 42 different buildings to choose from.
Price range is mostly determined by building, amenities, renovation, year built and homeowner dues. I had a recent client who leased a unit with a beautiful view of the hills of Bel Air but it took longer to lease because clients want kitchens and bathrooms that are updated. Today’s customer has more units that have updated features and it is important to homeowners having wood floors. People looking to buy on the Wilshire Corridor are often seeking value if they are willing to put the work in to fix up a unit or they are moving from a home and often want to find a luxury high rise to find comfort in a nice interior within the high rise building .
Whatever your budget you can find a unit for your needs. You can view my video’s about each building on the Wilshire Corridor to learn more about the buildings. Having the expertise and knowing each building ensures you are in good hands when you purchase a condominium on the Wilshire Corridor. Luxury high rise condominiums offer you many advantages of having low maintenance and a carefree lifestyle as a result. High rise living in Los Angeles allows you more free time to do what you like and not have to manage and maintain your property. Wilshire Corridor Sales August 2016 reflect many options in condominiums on the Wilshire Corridor. Contact https://caronschwartz.com at 310.383.0831