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The Los Angeles real estate market is not one market. Beverly Hills is a world apart from the rest of Los Angeles so it will be interesting to look at how Beverly Hills compares with L.A. County statistics and California as a whole. The figures are based on the past three months, followed by the percentage change over the past year. Median Home Value Beverly Hills: $1,757,030 L.A. County: $380,310 California: $318,360 Median Listing Price Beverly Hills: $1,499,500 L.A. … [Read more...]
Another year has passed and it is time to check in on the Beverly Hills real estate market to see how 2012 sales fared. Is it a buyers' or a sellers' market? The Los Angeles area is a strong sellers' market right now. Inventory is low and buyers are becoming frustrated in their search. The Beverly Hills market is no exception. Sold +/- 2011 Range Median +/- 2011 Active Range Median Pending 169 +11 $1,000,000 to … [Read more...]
As with most areas of Los Angeles, Beverly Hills buyers are anxiously awaiting new inventory. The Beverly Hills real estate market is a unique one given the wide variation in home prices. *The sale of a several high priced homes in one month and lower priced homes in another is going to affect the median price in a not too meaningful way. Next month we will look at the sales for the year which will paint a more accurate picture. Sales and under contract properties reflect the status … [Read more...]
Let's check in on the Beverly Hills real estate market. Are we seeing more sales, new inventory? OCTOBER BEVERLY HILLS SINGLE FAMILY MARKET REPORT # Homes List/Sales Price For sale 73 $1,375,000 to $58,000,000 Under contract 33 $995,000 to $14.900,000 Sold 25 $1,275,000 to $9,180,000 October sold median price $2,870,000 COMPARISON TO SEPTEMBER For sale +6 Under … [Read more...]
Let's see how the Beverly Hills real estate market is doing compared with a year ago - August 2012. All information provided by MLS/CLAW is deemed accurate but is not guaranteed. Single family homes Month Sold Median For Sale Median Difference List vs Sold New on Market Months Supply of … [Read more...]
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 … [Read more...]
Like many of Los Angeles County's most desirable areas, the Beverly Hills housing market has various price points. The report below is broken down into 4 for single family and 2 for condos. Beverly Hills Homes Under $2 Million Sold Median Avg Price Per SF Sold May Active In Escrow New May Absorption 8 $1,210,000 $638.16 1 13 13 2 Not surprisingly, homes under $2 million in Beverly Hills are selling quite well. There are 13 homes in escrow which … [Read more...]
I May Not Be Yoda, but I'm Darn Close! Yesterday, I was reading yet another blog about the low interest rates presently available to home buyers seeking mortgage financing. Seems another new historic low was announced. Something not quite so noteworthy anymore, as we all have grown used to hearing about how the rates have dipped, dipped, and dipped again. And therein lies my big worry, both as a mortgage lender and as a parent. I think … [Read more...]
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. 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 … [Read more...]
Median home prices in Beverly Hillsover the past 10 years reflect how unique this market is. There are not too many areas in the country with a median home price of $4.425 Million. Data provided by MLS/CLAW is deemed reliable but not guaranteed The 4th Quarter of 2008 was the lowest at $2.1 Million with the highest being 3rd Quarter of 2007 at $4.425M. And, if the 1st Quarter of this year is any indication, $4.075, Beverly Hills median home prices are still beating the trend. Search … [Read more...]
How is the Beverly Hills Housing market doing so far this year? Let's take a look. Beverly Hills single family homes under $1 million Not surprisingly. There are none. Beverly Hills condos under $1 million Sold: 7 / +1 over same period last year Median price: $645,000/ -3.0% over same period last year Active listings: 25 Absorption rate*: 5.56 months Beverly Hills single family homes $1 to $2 Million Sold: 0 / -1 over same period Active listings: … [Read more...]
Another year as flown by and it is time to review the 2011 Beverly Hills real estate market. I have split the 2011 Beverly Hills real estate market report into four sections, single family by price breakdown and condos. I have also shown relevant percentage comparisons with the 2010 statistics. What is Market Absorption? Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers' or buyers' market. 6 months … [Read more...]
We are coming towards the end of 2011 so it is a good time to check in on Beverly Hills home sales to date this year. Single Family Homes Sold Low High DOM Active Absorption Under $ 1 Million 5 $800,000 $995,000 64 0 - $1 to $2 Million 37 $1,016,000 $2,000000 75 11 2.9 $2 to $5 Million 50 $2,095,000 $4,800,000 72 24 14.4 Over $5 … [Read more...]
In many communities across the country $1 million will buy you a spectacular piece of real estate. In Los Angeles $1 million may buy you a more modest house, depending on the area, and in some neighborhoods, such as Brentwood, Beverly Hills, Bel Air, etc. you may not find a home under $1 million. This will give you an idea of what you can buy for $1 Million in Los Angeles, Santa Monica, West Hollywood, Culver City, and Beverly Hills. Search Los Angeles Homes for Sale Los Angeles … [Read more...]
Wondering how the Beverly Hills real estate market did the first half of 2011 compared with 2010? The numbers in red in the sold section are the percentage difference over the same period last year. Beverly Hills Single Family Homes Sold: 73/ +2.8% Average Price Sold: $3,632,569/ -8% Average Days on Market: 86/ -3% Average Sales to List Price: 86.19%/ -4% Active: 70 Average Price Active: $7,864,000 Average Days on Market: 108 Beverly Hills Condos Sold: … [Read more...]
Are you thinking of buying or selling a Beverly Hills home, check out how the market is doing. Be sure to click on each chart below for more detailed numbers by month. Overview of Beverly Hills single family home sales over past year to February 2011 The statistics to take note of are, in this case February 2010 vs February 2011 as these take seasonality out of the equation: February 2010 had one 18 – February 2011 had 11. December 2010 had the highest number of sales – … [Read more...]
You want to buy a home in Beverly Hills but you don't want to spend millions of dollars. Unfortunately you will most likely not be buying a single family home in Beverly Hills under $1 million. You can, however often find condo units available for under $1 million. Let's see what the ever changing market brings us: Search condos for sale in Beverly Hills under $1 million Search single family homes for sale in Beverly Hills under $1.5 million I am sure you are curious, so … [Read more...]
After doing a tongue-in-cheek-post on a real estate blog site, about the Mubarak Family possibly owning property in Beverly Hills, specifically on Rodeo Drive, I was inundated with calls from the media, including an international newspaper. It is alleged that the Mubarak Family own property all over the world, in Manhattan, London, and Beverly Hills, most prominently, and that their Swiss bank account was frozen. But no one knows for sure. However, the story caught enough attention for … [Read more...]
Work is under way to turn the Depression-era Beverly Hills Post Office into a world class cultural center, the Wallis Annenberg Center for the Performing Arts, due to be completed in late 2012. Built in 1933 on the site of the Pacific Electric Railway Station, the Beverly Hills Post Office is on the National Register of Historic Places. The United States Postal Service decided to close it in 1993 and sell it to the City of Beverly Hills who in turn offered a long term lease to the Beverly … [Read more...]
I remember when I first came to Los Angeles many years ago, going to the Friars Club in Beverly Hills and seeing the likes of Milton Berle, Suzanne Pleshette, and numerous other personalities wandering around. The buffet at the Friars Club was amazing. More food than you could ever think of eating. It was old Hollywood personified. This piece of Beverly Hills real estate is no more. The Friars Club Beverly Hills, a branch of the famed New York establishment of the same name opened in … [Read more...]
