The Wilshire Corridor has seen record increases in values over the last 6 years, and we are happy to report that in 2017 the median sold price and price per square foot exceeded performance from prior years. With 2017 behind us, these positive trends for the Corridor stand out:
• Prices: Median sold price and price per sq. ft. reached all-time highs in 2017!
• Days on Market: Condos sold 18% faster in 2017 – one of the fastest paces we have ever seen.
We track Corridor statistics carefully, so our clients know the best times to sell, lease or hold. We have a variety of additional statistics and specific data if you would like to learn more about factors at play in your building or how we anticipate tax law changes may impact values, and would be happy to meet to discuss current values or future trends. For 2018, despite some uncertainly, we expect to see a bullish and busy Corridor real estate market. As the #1 Wilshire Corridor listing agents, we have intimate knowledge of what makes each building special. If selling is something you have considered, it has truly never been a better time to capture these historic values.
–Tregg Rustad & Peter Maurice