Beverly Hills Real Real Estate – 2011 Market Report And Analysis

Originally posted on December 31, 2011

Another year as flown by and it is time to review the 2011 Beverly Hills real estate market.

I have split the 2011 Beverly Hills real estate market report into four sections, single family by price breakdown and condos.  I have also shown relevant percentage comparisons with the 2010 statistics.Beverly Hills Real Estate 2011 Market Report

What is Market Absorption?

Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market.

6 months worth of inventory is a balanced market.  Under 6 months is a sellers’ market, and anything over 6 months is a buyers’ market.

So let’s take a look:

Beverly Hills 2011 Market Report Homes under $2M

Sales of homes under $2M in Beverly Hills are starting to slow down and edge into a buyers’market although the number of sales over the last three months of this year is up 22% over 2010.

Homes seems to be priced well as the sales to list price is high.

The median price has been increasing over last year by as much as $11.65%

Overall an improvement over 2011

Beverly Hills Market Report 2011 Homes from $2-$5MThe number of Beverly Hills homes sold between $2-5M have dropped over 2011, and the median price is down by as much as 13%. Although the market is still a sellers’ market as inventory is low.

The Beverly Hills luxury market  is somewhat stagnant.

Beverly Hills Homes over $5M 2011 Market Report

Beverly Hills homes sold over $5M are down from 2011 as is the median price.  Buyers, if you are looking for a Beverly Hills luxury home for sale,  now is the time.  There is plenty of inventory.

Beverly Hills 2011 Condo Market Report

The  Beverly Hills condo market  is fairly stable.   Sales over the past three months are down slightly from 2010 but were up over 6 months.  The absorption shows a stable market and the median price is down slightly.  But still a fairly stable stats.

Previous Beverly Hills Market Reports

Beverly Hills Home Sales to Date This Year

Beverly Hills Real Estate – Half Yearly Market Report 2011

Beverly Hills Housing Market Report – February 2011

Buying or Selling a Beverly Hills Home – How did the 2010 Market Do?

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