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MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 64<br />
KOREATOWN<br />
THE MERCURY<br />
3810 WILSHIRE BLVD<br />
PROJECT INFORMATION<br />
Developer: Kennedy Wilson<br />
Submarket: Koreatown<br />
Number of Homes: 238<br />
HOA Fees: $560-$815<br />
Sales Start Date: Feb ‘06<br />
Sales End Date: Feb ‘10<br />
Avg. Absorption: 4.9 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 2 730 $439,000 $601 - - 29<br />
ACTIVE<br />
2-BED AVGS 3 1,113 $657,667 $590 - - 72<br />
- - - - - - - -<br />
1-BED AVGS 1 830 $389,000 $469 - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 10 778 $430,300 $554 $418,100 $539 85<br />
SOLD<br />
2-BED AVGS 7 1,023 $576,429 $565 $566,357 $555 106<br />
- - - - - - - -<br />
KOREATOWN<br />
SOLAIR WILSHIRE<br />
3785 WILSHIRE BLVD<br />
PROJECT INFORMATION<br />
Developer: ST Residential<br />
Submarket: Koreatown<br />
Number of Homes: 186<br />
HOA Fees: $730-$925<br />
Sales Start Date: Mar ’08<br />
Sales End Date: Oct ’13<br />
Avg. Absorption: 2.7 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 9 1,494 $1,077,644 $715 - - 57<br />
ACTIVE<br />
3-BED AVGS 1 1,700 $1,405,000 $826 - - 159<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 7 1,531 $1,055,286 $684 $1,002,857 $651 40<br />
SOLD<br />
3-BED AVGS 2 1,715 $1,139,500 $664 $1,107,500 $646 24<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
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