Beverly Hills Real Estate | Half Yearly Market Report June 2012

Originally posted on July 15, 2012

Let’s see how the Beverly Hills real estate market did for the first half of 2012 and compare it to the First Quarter.

The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed.  Also, they reflect single family home sales only.

How is the Beverly Hills Real Estate Market Doing?

Number sold:  68 – 40 in the 2nd Qtr  which is a 42.86 increase over the 1st Qtr.

Median price:  $4,387,500 – 2nd Qtr $4,787,500 which is a 17.48% increase over the 1st Qtr.

27 homes are under contract.

There are 101 active listings.  With an average sale of 11.33 homes per month there is an absorption rate of 8.91 months.  This means that it will take 8.91months to sell the existing inventory.  A balanced market is 6 months of inventory.  Anything above that does not favor sellers.

Beverly Hills real estate inventory is down over the 1st Quarter of 2012, with homes under $4 Million favoring sellers.

As with many areas of Los Angeles, if you are thinking of selling your Beverly Hills home, now is a good time.  Buyers are out there, mortgages are low, and if you price your home correctly you may see multiple offers coming in.

Related Posts

Beverly Hills Housing Market Review May 2012
Beverly Hills Housing Market Report | 1st Quarter 2012 

Homes for sale in Beverly Hills

(Sample Listings)

  1. 2 beds, 1 full, 1 part baths
    Home size: 1,074 sq ft
    Lot size: 5,608 sqft
    Year built: 1961
    Parking spots: 4
    Days on market: 1
  2. 4 beds, 3 full baths
    Home size: 1,950 sq ft
    Lot size: 4,793 sqft
    Year built: 1924
    Days on market: 3
  3. 3 beds, 3 full baths
    Home size: 2,468 sq ft
    Lot size: 7,014 sqft
    Year built: 1935
    Days on market: 3
  4. 6 beds, 7 full, 1 part baths
    Home size: 6,600 sq ft
    Lot size: 6,070 sqft
    Year built: 2010
    Days on market: 3
  5. 5 beds, 5 full baths
    Lot size: 17,006 sqft
    Year built: 1926
    Days on market: 3
  6. 5 beds, 4 full, 2 part baths
    Home size: 5,134 sq ft
    Lot size: 16,320 sqft
    Year built: 1924
    Days on market: 7
  7. 2 beds, 1 full bath
    Home size: 662 sq ft
    Lot size: 7,725 sqft
    Year built: 1930
    Days on market: 7
  8. 4 beds, 4 full, 1 part baths
    Home size: 4,093 sq ft
    Lot size: 6,502 sqft
    Year built: 2015
    Parking spots: 4
    Days on market: 8
  9. 5 beds, 6 full, 2 part baths
    Home size: 5,200 sq ft
    Lot size: 18,953 sqft
    Year built: 1961
    Days on market: 8
  10. 2 beds, 1 full, 2 part baths
    Home size: 1,366 sq ft
    Lot size: 6,503 sqft
    Year built: 1931
    Days on market: 8

See all Beverly Hills Homes for Sale.
(all data current as of 8/27/2015)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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:

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. You may also request a Market Snapshot of your area of interest.

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