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With the common complaint of low inventory let's check in on the Beverly Hills real estate market to see how the 1st Qtr. of 2013 compared to the 4th Qtr of 2012. How is Beverly Hills being affected? Sold +/- Median +/- Active Median Pending 24 -42 $4,410,588 +47.82% 68 $6,997,000 33 Beverly Hills condo sales Sold +/- Median +/- Active Median Pending 26 -1 $775,000 -1.27% 27 $1,150,000 31 Sellers … [Read more...]
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...]
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...]
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...]
Are you thinking of buying or selling a Beverly Hills home? Wondering how the market is? You should not be waiting to sell your Beverly Hills home. The single family home market has move to a balanced one. Six months inventory is balanced. Over six months is a buyers' market and under six months a sellers' market. You can see from the one month column that now is the time to sell your Beverly Hills home. If you price it right, you could end up with multiple offers and a sales price … [Read more...]
Beverly Hills Real Estate Market Reports Single Family Homes under $2 million Single Family Homes over $2 million Condos under $2 million Condos over $2 million … [Read more...]
Beverly Hills luxury condo market The Beverly Hills luxury condo market is stuck. There have been no sales over the past 3 months and with a 39 month inventory it will be a while before it comes back. See previous Beverly Hills luxury condo report See sales for Beverly Hills condos under $2 million … [Read more...]
Beverly Hills condo market The Beverly Hills condo market under $2 million is slow but steady. The median price is up slightly and average days on the market down. Sales price vs list price remains around 94%. With 8.88 months of inventory this is a buyers market. See previous Beverly Hills condo report See report on Beverly Hills condos over $2 million … [Read more...]
The Beverly Hills luxury real estate market is slow. With ten months of inventory this is a buyers market. The median price over the past year has risen, but so have the average days on the market, slightly. See previous Beverly Hills luxury real estate report Check out the report for Beverly Hills homes under $2 million … [Read more...]
