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.
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.
Homes for sale in Beverly Hills
$9,999,000 : 1006 N BEVERLY Drive, Beverly Hills8 beds, 7 full baths
$12,700,000 : 425 N MAPLE Drive , Unit 602, Beverly Hills6 beds, 8 full baths
$16,800,000 : 1083 N HILLCREST Road, Beverly Hills5 beds, 7 full baths
$1,599,000 : 447 N DOHENY Drive , Unit 303, Beverly Hills1 bed, 1 full, 1 half baths
$3,795,000 : 249 S CAMDEN Drive, Beverly Hills3 beds, 2 full, 1 half baths
$1,049,900 : 234 S TOWER Drive , Unit 8, Beverly Hills3 beds, 2 full, 1 three-quarter, 1 half baths
$725,000 : 318 N MAPLE Drive , Unit 102, Beverly Hills1 bed, 1 full, 1 half, 1 quarter baths
$3,495,000 : 1165 COLDWATER CANYON Drive, Beverly Hills4 beds, 4 full baths
$829,000 : 221 S Gale Drive , Unit 307, Beverly Hills2 beds, 2 full baths
$26,000,000 : 1620 CARLA, Beverly Hills6 beds, 6 full, 2 half baths
See all Beverly Hills Homes for Sale.
(all data current as of 12/9/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Buying or Selling Los Angeles Real Estate
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