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
$768,000 : 221 S Gale Drive , Unit 108, Beverly Hills2 beds, 2 full baths
$1,895,000 : 440 N OAKHURST Drive , Unit 101, Beverly Hills3 beds, 3 full, 1 half baths
$18,250,000 : 1009 LAUREL Way, Beverly Hills6 beds, 6 full baths
$2,598,000 : 324 S WETHERLY Drive, Beverly Hills4 beds, 4 full baths
$3,375,000 : 9548 W OLYMPIC Boulevard, Beverly Hills7 beds, 3 full, 1 three-quarter, 3 half baths
$7,995,000 : 1260 LAGO VISTA Drive, Beverly Hills3 beds, 3 full baths
$6,999,999 : 611 N HILLCREST Road, Beverly Hills5 beds, 5 full, 1 half baths
$14,950,000 : 618 N ARDEN Drive, Beverly Hills8 beds, 10 full baths
$2,499,000 : 261 S REEVES Drive , Unit PH5, Beverly Hills3 beds, 3 full baths
$7,999,000 : 1655 CARLA, Beverly Hills4 beds, 2 full, 2 three-quarter, 1 half baths
See all Beverly Hills Homes for Sale.
(all data current as of 4/30/2017)
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:
- Westwood Real Estate – Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
- Brentwood Real Estate – Brentwood single family homes, Brentwood condominiums
- Santa Monica Real Estate – Santa Monica single family homes, Santa Monica condominiums
- Beverly Hills Real Estate – Beverly Hills single family homes, Beverly Hills condominiums
- Culver City Real Estate – Culver City homes
- Silver Lake Real Estate – Silver Lake single homes
- Echo Park Real Estate – Echo Park homes
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.