Let’s see how the Beverly Hills real estate market is doing compared to the 1st Qtr. of 2013. Has the inventory improved? How about the number of sales?
Since the demographics of Beverly Hills vary the stats are broken down by zip code.
Beverly Hills Single Family Homes
Beverly Hills Condos
|Seller’s Market||Stable Market||Buyers’ Market|
|Less than 5 months inventory||5 to 7 months inventory||More than 7 months inventory|
Information provided by the MLS/CLAW deemed reliable but not guaranteed
The sale of single family homes in Beverly Hills is up over the 1st Qtr in all zip codes as is the median price. The absorption rate (the number of months it will take to sell the existing inventor show a sellers’ market, except for 90210 which is bordering a buyers’ market. This is based on sales over the past six months.
Beverly Hills condo sales also improved over the 1st Qtr median prices. The absorption rate for condos puts that market heavily into the sellers’ corner.
Previous market reports
Beverly Hills Real Estate First Quarter 2013
Beverly Hills Real Estate Market, The Year in Review
Beverly Hills Real Estate Market Report November 2012
Beverly Hills Real Estate Market Report October 2012
Beverly Hills Real Estate Half Yearly Market Report 2012
Beverly Hills Real Estate Market Report 1st Qtr 2012
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