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.
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:
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
The Beverly Hills luxury market is somewhat stagnant.
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.
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
Search Beverly Hills Homes for Sale
We're sorry, but it seems that we're having some problems loading properties from our database. Please check back soon.
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
- Westwood Real Estate – Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
- Brentwood Real Estate – Brentwood single family homes, Brentwood condominiums
- Santa Monica Real Estate – Santa Monica single family homes, Santa Monica condominiums
- Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
- Culver City Real Estate – Culver City homes
- Silver Lake Real Estate - Silver Lake single homes
- Echo Park Real Estate – Echo Park homes
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.