Three new properties came on the market this week on the Wilshire Corridor:
The Venezia - 10795 Wilshire Blvd. Unit 204
The last sale at the Venezia was in December 2009, a 2 bed 2.5 bath, 2,056 sq. ft unit on the 3rd floor, for $1,090,000.
The new lisiting is a 2 bed 2.5 bath, 1,823 sq. ft unit for $1,350,000. HOA dues are $1,100.
The turnover in this building his extremely low, and it will be interesting to see whaat this sells for looking at the direct comp.
The Wilshire - 10580 Wilshire Blvd. Unit 1
The new listing is a 2 bed 2.5 bath, 2,287 unit for $1,999,000. HOA dues are $2,356.42.
3 units have sold in the past year at an average of $1,996,667.
The Remington - 10727 Wilshire Blvd. Unit 403
The new listing is a 2 bed 3 bath, 1,745 sq. ft. unit for $1,199,000. HOA dues are $2,595.25.
There were two sales over the past year, one on the 19th floor for $3,300,000, 200 days on the market, and one on the 9th floor for $2,550,000, 69 days on the market.
La Tour - 10380 Wilshire Blvd. Unit 401
The new listing is a 3 bed 4 batrh, 3,143 sq. ft. unit for $1,795,000. HOA dues are $2,797
3 units have sold in the past year at an average of $2,983,333 so this is a good price.
Search Wilshire condos for sale or lease
Jane Peters, connecting you to the L.A. real estate scene
Buying or selling real estate in Los Angeles can be an overwhelming process. Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.
Search Homes for Sale in Los Angeles
Los Angeles Lifestyle Home Search
Search Homes for Sale in Beverly Hills|
Search Homes for Sale in Brentwood
Search Homes for Sale in Culver City
Search Homes for Sale in Silver Lake-Echo Park
Search Homes for Sale in Santa Monica
Search Homes for Sale in Venice CA
Search Homes for Sale in Westwood-Century City
Other Los Angeles Communities
Pretty impressive, Jane...WOW! You are lucky to have the Wilshire Corridor as part of your market. :)
Leilani
P.S. Congratulations on all your nifty well-deserved badges under your comment photo...especially the 200k one! WOO-HOO!!! :D
Leilani, where you bin? You have missed a ton. Welcome back.
Jane, that is a nice appreciation for the Venezia if the owner can get close to asking price. That always makes it nice for the owners if so few units come up for sale. Bring a buyer!!!
Bruce, that is asking. That was also the asking for the previous sold unit.
Right now we are running around 95% of the list price for the sales price. How so in your area?
Jane....hope you're the selling agent for all three....
Those are some incredibly gorgeous buildings Jane and you are SO on top of the condo market there - I can't imagine asking for help from any other REALTOR(R)
Good morning Jane,
Great info on the condos in your area..now get out there and get a buyer and sell all of them..surely your posts will bring you a buyer or two!! Good post!
Bruce, it varies considerably by area. The luxury market probably has the biggest gap.
Barb, wouldn't that be nice.
Leesa, thank you kindly.
Dorie, thank you also kindly.
Jane--What a beautiful building to be able to call home! Good luck with getting them all sold quickly!
Teri, I should be so lucky :)
Jane, You have condos as big or bigger than the average single family here! I hope you can sell one or two like that soon!
Jenna, pretty amazing huh.
Jane, what terrific coverage on the condo market you've been posting - I love the Venezia!