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. 6 beds, 7 full, 1 part baths
    Home size: 6,888 sq ft
    Lot size: 1.09 ac
    Year built: 2005
    Days on market: 0
  2. 5 beds, 5 full, 1 part baths
    Home size: 5,165 sq ft
    Lot size: 19,292 sqft
    Year built: 1978
    Days on market: 1
  3. 3 beds, 2 full, 1 part baths
    Home size: 2,123 sq ft
    Lot size: 22,501 sqft
    Year built: 1974
    Days on market: 3
  4. 2 beds, 3 full baths
    Home size: 1,999 sq ft
    Lot size: 20,935 sqft
    Year built: 2009
    Days on market: 4
  5. 5 beds, 4 full, 1 part baths
    Home size: 3,393 sq ft
    Lot size: 7,652 sqft
    Year built: 1926
    Parking spots: 4
    Days on market: 4
  6. 4 beds, 3 full, 1 part baths
    Home size: 3,968 sq ft
    Lot size: 14,606 sqft
    Year built: 1990
    Days on market: 4
  7. 5 beds, 4 full, 1 part baths
    Home size: 4,078 sq ft
    Lot size: 6,374 sqft
    Year built: 1932
    Days on market: 4
  8. 6 beds, 1 full, 5 part baths
    Home size: 4,400 sq ft
    Lot size: 12,660 sqft
    Year built: 1971
    Parking spots: 4
    Days on market: 6
  9. 1 bed, 2 full baths
    Home size: 1,566 sq ft
    Lot size: 22,503 sqft
    Year built: 1974
    Days on market: 9
  10. 2 beds, 2 full baths
    Home size: 1,439 sq ft
    Lot size: 2.22 ac
    Year built: 1986
    Days on market: 10

See all Beverly Hills Homes for Sale.
(all data current as of 8/3/2015)

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.

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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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