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
$1,255,000 : 272 South Lasky Drive, Unit 101, Beverly Hills3 beds, 2 full, 1 part baths
$3,500,000 : 209 South La Peer Drive, Beverly Hills4 beds, 3 full, 2 part baths
$11,175,000 : 1806 Loma Vista Drive, Beverly Hills5 beds, 7 full baths
$3,200,000 : 325 North Oakhurst Drive, Unit 3, Beverly Hills2 beds, 2 full, 1 part baths
$5,895,000 : 613 North Sierra Drive, Beverly Hills5 beds, 4 full, 1 part baths
$11,495,000 : 610 North Arden Drive, Beverly Hills5 beds, 6 full, 1 part baths
$4,195,000 : 204 Foothill Road, Beverly Hills4 beds, 3 full, 1 part baths
$2,199,000 : 403 North Palm Drive, Unit 1, Beverly Hills3 beds, 3 full baths
1 bed, 1 full, 1 part baths
$13,900,000 : 1484 Carla, Beverly Hills3 beds, 5 full baths
See all Beverly Hills Homes for Sale.
(all data current as of 11/30/2015)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Buying or Selling Los Angeles Real Estate
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