Los Angeles Living

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:  11
Absorption rate*:  3.47 months

 

 

Beverly Hills condos $1 to $2 Million

Sold:  2/ +2 over same period last year
Median price:  $1,090,000
Active listings:  19
Absorption rate*:   10.38 months

 

 

Beverly Hills single family homes $2 to $5 Million

Sold:  1/ -5 over same period last year
Price:  $4,600,000/ Median price last year – $2,635,000
Active listings:  22
Absorption rate*:  4.89 months

 

 

Beverly Hills condos $2 to $5 million

Sold:  0/ same as same period last year
Active listings:  5
Absorption rate*:  7.46 months

 

 

Beverly Hills single family homes over $5 Million

Sold:  3/ same as same period last year
Median price:  $6,000000/ -53.85% over same period last year
Active listings:  56
Absorption rate*:  16.82 months

 

 

Beverly Hills condos over $5 Million

Sold:  1/ – 1 over same period last year
Active listings:  5
Absorption rate*:  31.25 months

 

*Absorption rate is the number of months it will take to sell the existing inventory.   6 months is a balanced market, over six months a buyers’ market and under six months a sellers’ market.  The absorption rates above are based on the last six months sales.Not surprisingly, single family homes under $5 Million and condos under $1 million are doing quite well for Beverly Hills home sellers as is the $2 to $5 Million range for single family homes.  The other brackets favor buyers, especially the over $5 Million single family market.

 

Previous Beverly Hills Market Reports

Beverly Hills Real Estate – 2011 Report and Analysis

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:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate - Echo Park homes

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

Read more: http://www.homejane.com/beverly-hills-housing-market-overview-january-201.html#ixzz1mDwkgcMu

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 section, 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 worth of inventory is a balanced market.  Under 6 months is a sellers’ market, and anything over 6 months is a buyers’ market.

So let’s take a look:

Sales of homes under $2M in Beverly Hills are starting to slow down and edge into a buyers’market although the number of sales over the last three months of this year is up 22% over 2010.

Homes seems to be priced well as the sales to list price is high.

The median price has been increasing over last year by as much as $11.65%

Overall an improvement over 2011

The number of Beverly Hills homes sold between $2-5M have dropped over 2011, and the median price is down by as much as 13%. Although the market is still a sellers’ market as inventory is low.

The Beverly Hills luxury market  is somewhat stagnant.

Beverly Hills homes sold over $5M are down from 2011 as is the median price.  Buyers, if you are looking for a Beverly Hills luxury home for sale,  now is the time.  There is plenty of inventory.

The  Beverly Hills condo market  is fairly stable.   Sales over the past three months are down slightly from 2010 but were up over 6 months.  The absorption shows a stable market and the median price is down slightly.  But still a fairly stable stats.

Previous Beverly Hills Market Reports

Beverly Hills Home Sales to Date This Year

Beverly Hills Real Estate – Half Yearly Market Report 2011

Beverly Hills Housing Market Report – February 2011

Buying or Selling a Beverly Hills Home – How did the 2010 Market Do?

Search Beverly Hills Homes for Sale

Showing properties 1 - 15 of 273. See more Beverly Hills Homes for Sale. 
(all data current as of 12/31/2011)

1. $2,995,000 : 9645 WENDOVER DR, Beverly Hills
   
   5 beds, 4 full, 1 part baths

   Home size: 3,937 sq ft

   Lot size: 21,026 sq ft

   Year built: 1973

   Parking spots: 2

   Days on market: 2
    
2. $1,099,000 : 8707 CLIFTON WAY, Beverly Hills
   
   3 beds, 2.0 baths

   Home size: 1,614 sq ft

   Lot size: 5,418 sq ft

   Year built: 1923

   Days on market: 4
    
3. $7,950,000 : 135 MONOVALE DR, Beverly Hills
   
   4 beds, 5.5 baths

   Home size: 7,224 sq ft

   Lot size: 25,003 sq ft

   Year built: 1988

   Days on market: 5
    
4. $399,993 : 423 South Rexford Drive #202, Beverly Hills
   
   2 beds, 1 full, 1 part baths

   Home size: 1,157 sq ft

   Lot size: 636 sq ft

   Year built: 1961

   Parking spots: 2

   Days on market: 11
    
5. $1,395,000 : 435 S ALMONT DR, Beverly Hills
   
   4 beds, 4.0 baths

   Home size: 2,605 sq ft

   Lot size: 4,800 sq ft

   Year built: 1926

   Days on market: 12
    
6. $1,375,000 : 9011 ALTO CEDRO DR, Beverly Hills
   
   4 beds, 2 full, 1 part baths

   Home size: 3,072 sq ft

   Lot size: 15,930 sq ft

   Year built: 1962

   Parking spots: 2

   Days on market: 14
    
7. $1,749,000 : 348 S CLARK DR, Beverly Hills
   
   4 beds, 3.5 baths

   Home size: 3,354 sq ft

   Lot size: 6,250 sq ft

   Year built: 1930

   Days on market: 16
    
8. $599,000 : 175 North Swall Drive #304, Beverly Hills
   
   2 beds, 2 full baths

   Home size: 1,478 sq ft

   Lot size: 23,849 sq ft

   Year built: 1965

   Parking spots: 2

   Days on market: 17
    
9. $549,000 : 9859 Easton Drive, Beverly Hills
   
   2 beds, 1 full bath

   Home size: 988 sq ft

   Lot size: 8,589 sq ft

   Year built: 1947

   Parking spots: 2

   Days on market: 17
    
10. $1,550,000 : 447 N DOHENY DR, Beverly Hills
    
    2 beds, 2.5 baths

    Home size: 2,035 sq ft

    Year built: 2010

    Days on market: 17
     
11. $3,700,000 : 447 N DOHENY DR, Beverly Hills
    
    3 beds, 4.5 baths

    Home size: 3,949 sq ft

    Year built: 2010

    Parking spots: 3

    Days on market: 17
     
12. $2,695,000 : 9526 DALEGROVE DR, Beverly Hills
    
    3 beds, 4.0 baths

    Home size: 2,875 sq ft

    Lot size: 14,300 sq ft

    Year built: 1951

    Days on market: 19
     
13. $729,500 : 262 N CRESCENT DR, Beverly Hills
    
    2 beds, 2.0 baths

    Home size: 1,407 sq ft

    Year built: 1961

    Days on market: 21
     
14. $5,450,000 : 14042 AUBREY RD, Beverly Hills
    
    6 beds, 6.5 baths

    Home size: 6,060 sq ft

    Lot size: 18,894 sq ft

    Year built: 1990

    Parking spots: 10

    Days on market: 21
     
15. $669,000 : 234 S GALE DR, Beverly Hills
    
    2 beds, 2.0 baths

    Home size: 1,494 sq ft

    Year built: 1989

    Days on market: 22
     

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:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate - Echo Park homes

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.

Read more: http://www.homejane.com/beverly-hills-real-estate-2011-market-repor.html#ixzz1iCqqvXfF