Wondering how the Beverly Hills real estate market did the first half of 2011 compared with 2010? The numbers in red in the sold section are the percentage difference over the same period last year.
Beverly Hills Single Family Homes
Sold: 73/ +2.8%
Average Price Sold: $3,632,569/ -8%
Average Days on Market: 86/ -3%
Average Sales to List Price: 86.19%/ -4%
Active: 70
Average Price Active: $7,864,000
Average Days on Market: 108
Beverly Hills Condos
Sold: 47/ -13%
Average Price Sold: $1,438,005/ +18%
Average Days on Market: 114/ +14%
Average Sales to List Price: 88.67%/ -8%
Active: 54
Average Price Active: $1,552,403
Average Days on Market: 133
Beverly Hills homes for sale are doing quite well. With around 5.67 months of inventory, it is a sellers’ market. Six months is balanced.
Beverly Hills condos for sale, are still a little sluggish. However, with around 6 months’ inventory, the market remains balanced.
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Jane – Excellent real estate market report for Beverly Hills CA.
Thank you very much, Michelle.