Beverly Hills Real Estate | Half Yearly Market Report June 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)

See all Beverly Hills Homes for Sale.
(all data current as of 7/26/2014)

  1. 3 beds, 3 full, 1 part baths
    Home size: 1,807 sq ft
    Lot size: 6,070 sqft
    Year built: 1925
    Parking spots: 4
    Days on market: 3
  2. 1 bed, 1 full bath
    Home size: 602 sq ft
    Lot size: 7,725 sqft
    Year built: 1930
    Days on market: 4
  3. 2 beds, 3 full baths
    Home size: 1,753 sq ft
    Lot size: 18,264 sqft
    Year built: 1975
    Days on market: 4
  4. 2 beds, 3 full baths
    Home size: 1,753 sq ft
    Lot size: 20,806 sqft
    Year built: 1988
    Days on market: 4
  5. 2 beds, 2 full baths
    Home size: 1,397 sq ft
    Lot size: 11,484 sqft
    Year built: 1974
    Parking spots: 2
    Days on market: 5
  6. 2 beds, 3 full baths
    Home size: 2,122 sq ft
    Lot size: 42,836 sqft
    Year built: 1974
    Parking spots: 2
    Days on market: 5
  7. 3 beds, 4 full baths
    Home size: 3,230 sq ft
    Lot size: 17,850 sqft
    Year built: 2006
    Parking spots: 3
    Days on market: 5
  8. 2 beds, 2 full, 1 part baths
    Home size: 1,790 sq ft
    Lot size: 25,995 sqft
    Year built: 2004
    Parking spots: 2
    Days on market: 7
  9. 4 beds, 4 full, 1 part baths
    Home size: 3,092 sq ft
    Lot size: 10,995 sqft
    Year built: 1928
    Parking spots: 6
    Days on market: 8
  10. 4 beds, 1 full, 4 part baths
    Home size: 4,513 sq ft
    Lot size: 16,214 sqft
    Year built: 1924
    Days on market: 8

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:

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.

Jane Peters

Jane Peters is a Los Angeles Realtor®, specializing in absentee owners, out-of-town-buyers and those needing that extra personal touch to make the buying and selling of Los Angeles real estate a smooth and, believe it or not, fun process.

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The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.

Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).

Date last updated: 7/26/14 8:41 AM PDT

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