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Wilshire Corridor Market Snapshot In Westwood

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WILSHIRE CORRIDOR MARKET SNAPSHOT

So far this year we have 33 sales reported in the MLS for the Wilshire Corridor with a Median Price of $1,119,000 and an average of 102 days on market. I have compiled data below of all the units that reported sold in 2008 that have also had a reported sale since 2001. This is a good way to look at how a particular unit has appreciated. From the 10 that have had resales in the last few years, only the 1 bedroom units have sold less than their previous sale. Additionally, I have ranked the Corridor buildings from A-D, with an A rating being the highest.

10724 Wilshire #904
2 bed /2.5 bath, 2,018 sq ft
Building Rating (B)

RECENT SALE
List Date 7/18/07
Escrow Date 3/18/08
Sale Date 4/16/08
Sale Price $1,350,000
Days On Market 245

PREVIOUS SALE
List Date 1/1/03
Escrow Date 4/7/03
Sale Date 4/28/03
Sale Price $735,000
Days On Market 96

10660 Wilshire #702
1 bed/ 1.5 bath, 1,382 sq ft
Building Rating (D)

RECENT SALE
List Date 2/12/08
Escrow Date 4/21/08
Sale Date 5/16/08
Sale Price $500,000
Days On Market 70

PREVIOUS SALE
List Date 6/21/04
Escrow Date 7/12/04
Sale Date 8/18/04
Sale Price $545,000
Days On Market 21

10660 Wilshire #1402
2 bed / 2.5 bath, 2,089 sq ft
Building Rating (D)

RECENT SALE
List Date 8/8/07
Escrow Date 1/23/08
Sale Date 2/15/08
Sale Price $1,250,000
Days On Market 162

PREVIOUS SALE
List Date 10/25/02
Escrow Date 12/02/02
Sale Date 1/6/03
Sale Price $620,000
Days On Market 40

10590 Wilshire #407
2 bed / 2.5 bath, 1,843 sq ft
Building Rating (D)

RECENT SALE
List Date 1/2/08
Escrow Date 1/27/08
Sale Date 2/22/08
Sale Price $790,000
Days On Market 27

PREVIOUS SALE
List Date 4/24/04
Escrow Date 1/27/05
Sale Date 3/23/05
Sale Price $780,000
Days On Market 125

10350 Wilshire #1402
2 bed / 2.5 bath, 1,854 sq ft
Building Rating (C)

RECENT SALE
List Date 7/24/07
Escrow Date 1/11/08
Sale Date 1/24/08
Sale Price $1,295,000
Days On Market 171

PREVIOUS SALE
List Date 3/22/05
Escrow Date 4/8/05
Sale Date 6/7/05
Sale Price $1,250,00
Days On Market 17

10375 Wilshire #11k
1 bed / 1 bath, 1,123 sq ft
Building Rating (B)
Notes: Coop Building - All cash required, No Leasing, Board Review

RECENT SALE
List Date 6/2/07
Escrow Date 10/3/07
Sale Date 1/10/08
Sale Price $450,000
Days On Market 123

PREVIOUS SALE
List Date 2/24/06
Escrow Date 7/18/06
Sale Date 9/13/06
Sale Price $530,000
Days On Market 144

10433 Wilshire #210
1 bed / 1 bath, 873 sq ft
Building Rating (D)

RECENT SALE
List Date 11/2/07
Escrow Date 3/10/08
Sale Date 4/15/08
Sale Price $380,000
Days On Market 129

PREVIOUS SALE
List Date 6/7/02
Escrow Date 8/8/02
Sale Date 9/14/02
Sale Price $240,000
Days On Market 62

10601 Wilshire #1604
2 bed / 2.5 bath, 2,754 sq ft
Building Rating (A)

RECENT SALE
List Date 3/16/08
Escrow Date 4/1/08
Sale Date 5/2/08
Sale Price $2,595,000
Days On Market 16

PREVIOUS SALE
List Date 5/7/03
Escrow Date 7/30/03
Sale Date 8/8/03
Sale Price $1,800,000
Days On Market 52

10601 Wilshire #18B
3 bed / 3.5 bath, 3,200 sq ft
Building Rating (A)

RECENT SALE
List Date 5/8/07
Escrow Date 2/22/08
Sale Date 4/10/08
Sale Price $3,300,000
Days On Market 286

PREVIOUS SALE
List Date 7/24/06
Escrow Date 10/5/06
Sale Date 11/08/06
Sale Price $2,800,000
Days On Market 73

10551 Wilshire #402
2 bed / 2.5 bath, 2,479 sq ft
Building Rating (C)

RECENT SALE
List Date 5/18/07
Escrow Date 1/15/08
Sale Date 2/29/08
Sale Price $1,150,000
Days On Market 242

PREVIOUS SALE
List Date 9/17/01
Escrow Date 12/7/01
Sale Date 1/5/02
Sale Price $652,500
Days On Market 81