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Recent Homes Sales in Beverly Hills - Time to Check on the Market

Beverly Hills

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 Million

29

$5,175,000

$35,000000

142

57

19.7

Condos

Under $ 1 Million

49

$334,900

$985,000

85

34

6.9

$1 to $2 Million

18

$1,030,000

$1,700,000

128

21

11.7

$2 to $5 Million

1

$4,400,000

655

7

70

Over $5 Million

4

$6,085,000

$13,826,000

202

4

10


All information from the CLAW MLS is deemed accurate but is not guaranteed

 

Absorption rate is the time it will take existing listings to sell based on prior sales over the past 10 months.  6 months is a balanced market.  Anything over that indicates a buyers’ market and under, a sellers’ market.

 

So, apart from the under $1 million to $2 million single family homes and under $1 million condos, Beverly Hills real estate  is still very much a buyers’ market.

Previous Beverly Hills real estate market reports

Beverly Hills Real Estate Market Report – April 2010
Beverly Hills Real Estate Market Report – May 2010
Beverly Hills Real Estate Market Report  - June 2010
Beverly Hills Market Trend Homes Over $2 Million
Beverly Hills  Real Estate Market Report
Beverly Hills Luxury Real Estate Market Report
Beverly Hills Real Estate Condos Market Report
Beverly Hills Real Estate Condos Over $ 2 Million
Buying or Selling a Beverly Hills Home How did the 2010 Market Do?
Beverly Hills Real Estate Half Yearly Market Report 2011

Homes for sale in Beverly Hills

Showing properties 1 - 10 of 337. See more Beverly Hills Homes for Sale
(all data current as of 10/25/2011)

  1. 0 medium Beverly Hills Home Sales to Date This Year
    6 beds, 5 full, 3 part baths
    Home size: 6,377 sq ft
    Lot size: 10.40 ac
    Year built: 1939
    Parking spots: 18
    Days on market: 1
     
  2. 0 medium Beverly Hills Home Sales to Date This Year
    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: 2
     
  3. 0 medium Beverly Hills Home Sales to Date This Year
    3 beds, 2.5 baths
    Home size: 2,472 sq ft
    Lot size: 15,870 sq ft
    Year built: 1940
    Days on market: 4
     
  4. 0 medium Beverly Hills Home Sales to Date This Year
    4 beds, 4.5 baths
    Home size: 3,610 sq ft
    Lot size: 1.04 ac
    Year built: 1960
    Parking spots: 8
    Days on market: 4
     
  5. 0 medium Beverly Hills Home Sales to Date This Year
    6 beds, 6.5 baths
    Home size: 5,758 sq ft
    Lot size: 27,320 sq ft
    Year built: 1979
    Parking spots: 3
    Days on market: 5
     
  6. 0 medium Beverly Hills Home Sales to Date This Year
    3 beds, 2 full, 1 part baths
    Home size: 2,000 sq ft
    Lot size: 8,670 sq ft
    Year built: 1999
    Parking spots: 2
    Days on market: 5
     
  7. 0 medium Beverly Hills Home Sales to Date This Year
    6 beds, 5 full, 1 part baths
    Home size: 7,393 sq ft
    Lot size: 16,475 sq ft
    Year built: 1988
    Parking spots: 3
    Days on market: 6
     
  8. 0 medium Beverly Hills Home Sales to Date This Year
    4 beds, 4 full baths
    Home size: 2,947 sq ft
    Lot size: 5,671 sq ft
    Year built: 1957
    Parking spots: 2
    Days on market: 7
     
  9. 0 medium Beverly Hills Home Sales to Date This Year
    11 beds, 14.0 baths
    Lot size: 21,290 sq ft
    Year built: 1925
    Days on market: 7
     
  10. 0 medium Beverly Hills Home Sales to Date This Year
    5 beds, 7.0 baths
    Home size: 7,075 sq ft
    Lot size: 15,820 sq ft
    Year built: 1986
    Parking spots: 8
    Days on market: 7
     

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Other Los Angeles Neighborhoods

Bel Air Hollywood Playa Vista
Beverly Center – Miracle Mile Hollywood Hills East Rancho Park
Beverly Hills Post Office Hollywood Hills West Santa Monica
Beverlywood Holmby Hills Silver Lake
Brentwood Los Angeles Studio City
Carthay Los Feliz Sunset Strip
Century City Malibu Venice
Cheviot Hills Marina del Rey West Hollywood
Culver City Mar Vista West Los Angeles
Downtown Los Angeles Pacific Palisades Westchester
Echo Park Palms Westwood
Hancock Park Playa del Rey Wilshire Corridor

Search Los Angeles Homes for Sale by Zip Code

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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.

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-home-sales-to-date-this-year.html#ixzz1boYXHhlt

Jane Peters, connecting you to the L.A. real estate scene

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Search Homes for Sale in Los Angeles
Los Angeles Lifestyle Home Search
Search Homes for Sale in Beverly Hills|
Search Homes for Sale in Brentwood
Search Homes for Sale in Culver City
Search Homes for Sale in Silver Lake-Echo Park
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Other Los Angeles Communities

 

 

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Beverly Hills Real Estate - Half Yearly Market Report 2011

Beverly Hills

Wondering how the Beverly Hills real estate 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:  47/ -13%

Average Price Sold:  $1,438,005/ +18%

Average Days on Market: 114/ +14%

Average Sales to List Price:  88.67%/ -8%

Active:  54

Average Price Active:  $1,552,403

Average Days on Market:  133

Beverly Hills homes for sale are doing  quite well.  With around 5.67 months of inventory, it is a sellers’ market.  Six months is balanced.

Beverly Hills condos for sale,  are still  a little sluggish. However, with around 6 months’ inventory, the market remains balanced.

Search Beverly Hills Homes for Sale

Related Posts

Beverly Hills Housing Market – February 2011

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

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, please fill out the online contact form or give me a call at 310-473-6919.





Jane Peters, connecting you to the L.A. real estate scene

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Search Homes for Sale in Los Angeles
Los Angeles Lifestyle Home Search
Search Homes for Sale in Beverly Hills|
Search Homes for Sale in Brentwood
Search Homes for Sale in Culver City
Search Homes for Sale in Silver Lake-Echo Park
Search Homes for Sale in Santa Monica
Search Homes for Sale in Venice CA
Search Homes for Sale in Westwood-Century City
Other Los Angeles Communities

 

 

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Buying a Home in Beverly Hills - How is the Market Doing?

Beverly Hills Housing Market Report – February 2011

Are you thinking of buying or selling a Beverly Hills home, check out how the market is doing. 

Beverly Hills Market Report

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 – 30

Average days on the market of  Beverly Hills homes sold is down from 86 to 74

The median list price is up 15% from $2,995,000 to $3,450,000.  The median sold price is down 47% from $3,200,000 to $1,685,000.  This indicates that sellers’ and buyers’ expectations are way out of balance.

Number of  Beverly Hills homes for sale in any given month is down 12% from 330 to 292.

New Beverly Hills homes coming on the market each month is up from 52 to 68.

Supply vs demand shows a market trend.  Supply has come down 12% vs demand which has dropped by 39%.  But there is a long way to go before  the market stabilizes (numbers become flatter)

The ultimate indicator as to whether the Beverly hills real estate is a buyers’ or sellers’ market is Months Supply of Inventory, or Absorption Rate.  The months supply has come down significantly from 22.2 months in February 2010 to 9.5 months in February 2011.  It is still a buyers’ market.  A stable market is 6 months. Beverly Hills single family home market is headed in the right direction.

Map of Beverly Hills


View Beverly Hills, California in a larger map

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, please fill out the online contact form or give me a call at 310-473-6919.

Jane Peters, connecting you to the L.A. real estate scene

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Search Homes for Sale in Los Angeles
Los Angeles Lifestyle Home Search
Search Homes for Sale in Beverly Hills|
Search Homes for Sale in Brentwood
Search Homes for Sale in Culver City
Search Homes for Sale in Silver Lake-Echo Park
Search Homes for Sale in Santa Monica
Search Homes for Sale in Venice CA
Search Homes for Sale in Westwood-Century City
Other Los Angeles Communities

 

 

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What Can you Buy for $1 Million in Beverly Hills?

Beverly Hills

You want to buy a home in Beverly Hills but you don't want to spend millions of dollars. Unfortunately you will not be buying a single family home in Beverly Hills under $1 million. You can, however, find 40 condo units available right now for under $1 million. Prices for these Beverly Hills condos range from $319,000 for a 1 bed, 1 bath, 606 sq. ft. unit to $985,000 for a 2 bed, 2.5 bath, 1,767 sq. ft. unit.

Search condos for sale in Beverly Hills under $1 million

Now, if you can stretch your budget to $1.5 million, you will find 5 Beverly Hills single family homes for sale. These range from a 2 bed, 1 bath, 1,157 sq. ft. house for $1.195 million to a 3 bed, 2 bath, 2,326 sq. ft. house for $1.449 million.

Search single family homes for sale in Beverly Hills under $1.5 million

Are you curious to see the most expensive homes for sales in Beverly Hills at present:

Map of Beverly Hills by Zip Code

Blue = 90210, Green = 90212, Purple = 90211

View Beverly Hills by Zip Code in a larger map

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, please fill out the online contact form or give me a call at 310-473-6919.

Jane Peters, connecting you to the L.A. real estate scene

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Search Homes for Sale in Los Angeles
Los Angeles Lifestyle Home Search
Search Homes for Sale in Beverly Hills|
Search Homes for Sale in Brentwood
Search Homes for Sale in Culver City
Search Homes for Sale in Silver Lake-Echo Park
Search Homes for Sale in Santa Monica
Search Homes for Sale in Venice CA
Search Homes for Sale in Westwood-Century City
Other Los Angeles Communities

 

 

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