Here we are at the end of the 1st Qtr on the Wilshire Corridor, and the numbers aren’t good. Of the 11 buildings that I track at www.wilshirecorridor.com <http://www.wilshirecorridor.com> only 12 units were sold, amount to $20.612M and averaging $1.718M, or 92.77% of the Listed Price . That’s an average of $564.08/sq ft and 103 days on the market. This compares to same period last year, when only 11 units were sold, averaging $1.216M or 92.77% of the Listed Price, and $609.30/sq ft. If you remove the $9.2M Penthouse sold in The Remington, numbers change dramatically. The average drops to $1.037M from $1.718M, averaging $473/sq ft from $564. Wow, what a difference! The truth of it is that we are basically in the same market we were one year ago, despite higher employment and stronger consumer confidence.
Sign Up to Receive My Monthly Blog


About Lynn and Mark Rogo
Blog Archive
Interested in Rotary? Learn More.
Join us at the UCLA Faculty Center
Thursdays 12:15- 1:30
Zoom Calls During COVID
Contact me 213.280.6415