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
$33,900,000 : 1169 North Hillcrest Road, Beverly Hills5 beds, 8 full baths
$1,999,000 : 143 North Stanley Drive, Beverly Hills4 beds, 2 full baths
$24,999,000 : 1012 North Hillcrest Road, Beverly Hills6 beds, 1 full, 5 three-quarter, 2 half baths
$3,949,000 : 443 North Palm Drive, Unit 301, Beverly Hills3 beds, 3 full, 1 half baths
$4,799,000 : 117 North Oakhurst Drive, Beverly Hills5 beds, 5 full baths
$5,500,000 : 607 North Arden Drive, Beverly Hills4 beds, 5 full baths
$5,000,000 : 309 North Elm Drive, Beverly Hills5 beds, 6 full, 1 half baths
$2,550,000 : 273 South Swall Drive, Beverly Hills4 beds, 3 full baths
$1,499,000 : 235 South Reeves Drive, Unit PH403, Beverly Hills2 beds, 3 full baths
$5,495,000 : 616 North Oakhurst Drive, Beverly Hills4 beds, 5 full baths
See all Beverly Hills Homes for Sale.
(all data current as of 5/5/2016)
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!
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