We are coming towards the end of 2011 so it is a good time to check in on Beverly Hills home sales to date this year.
|
Single Family Homes |
||||||
|
Sold |
Low |
High |
DOM |
Active |
Absorption |
|
| Under $ 1 Million |
5 |
$800,000 |
$995,000 |
64 |
0 |
- |
| $1 to $2 Million |
37 |
$1,016,000 |
$2,000000 |
75 |
11 |
2.9 |
| $2 to $5 Million |
50 |
$2,095,000 |
$4,800,000 |
72 |
24 |
14.4 |
| Over $5 Million |
29 |
$5,175,000 |
$35,000000 |
142 |
57 |
19.7 |
|
Condos |
||||||
| Under $ 1 Million |
49 |
$334,900 |
$985,000 |
85 |
34 |
6.9 |
| $1 to $2 Million |
18 |
$1,030,000 |
$1,700,000 |
128 |
21 |
11.7 |
| $2 to $5 Million |
1 |
$4,400,000 |
655 |
7 |
70 |
|
| Over $5 Million |
4 |
$6,085,000 |
$13,826,000 |
202 |
4 |
10 |
All information from the CLAW MLS is deemed accurate but is not guaranteed
Absorption rate is the time it will take existing listings to sell based on prior sales over the past 10 months. 6 months is a balanced market. Anything over that indicates a buyers’ market and under, a sellers’ market.
So, apart from the under $1 million to $2 million single family homes and under $1 million condos, Beverly Hills real estate is still very much a buyers’ market.
Previous Beverly Hills real estate market reports
Beverly Hills Real Estate Market Report – April 2010
Beverly Hills Real Estate Market Report – May 2010
Beverly Hills Real Estate Market Report - June 2010
Beverly Hills Market Trend Homes Over $2 Million
Beverly Hills Real Estate Market Report
Beverly Hills Luxury Real Estate Market Report
Beverly Hills Real Estate Condos Market Report
Beverly Hills Real Estate Condos Over $ 2 Million
Buying or Selling a Beverly Hills Home How did the 2010 Market Do?
Beverly Hills Real Estate Half Yearly Market Report 2011
Homes for sale in Beverly Hills
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Jane – Great real estate market snap shot for Beverly Hills
Thank you, Michelle