Beverly Hills Real Estate Market Report | 1st Quarter 2012

Let’s see how the Beverly Hills real estate market did in the 1st Quarter of 2012 as compared with the same period in 2011.

Search Homes for Sale in Beverly Hills, Beverly Hills Real Estate Listings

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:  28, a 20% decrease over the same period last year.

Median price:  $4,075,000, a 54.65% increase over the same period last year.

There are 100 active listings.  With an average sale of 9.33 homes per month there is an absorption rate of 10.72 months.  This means that it will take 10.72 months to sell the existing inventory.  A balanced market is 6 months of inventory.  Anything above that does not favor sellers.

If you look at the absorption rate for homes below $4 Million, then the picture is a little rosier, with 7.62 months’ inventory.

As in most other L.A. areas, it is the luxury market which is still slow coming back.

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Buying or Selling Los Angeles Real Estate

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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.

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.

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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: 4/17/14 2:08 PM PDT

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