Beverly Hills homes are among the most expensive in the country, most of them north of Santa Monica Boulevard and up into the hills. The flats of Beverly Hills, south of Santa Monica is a mix of single family homes, condos and multi-unit properties
The statistics below are taken directly from the MLS and are for single family homes. They also don't take into consideration condos, income property and private sales.
12 Listings sold in December '09 up 100% over December '08. The most expensive was $13,000,000 in the hills, and the least expensive was $1,238,050 in the flats.
The median price of $2,465,000, up almost 20% over December '08.
However the days on the market for sold listings increased by over 100%.
Overall, the Beverly Hills market remains steady.
Below is a breakdown of last month's housing activity in Beverly Hills.
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The luxury market is something we don't review to frequently and a snapshot of a current perspective is nice to see. I always enjoy reviewing the statistics of our colleagues, and it's great to catch a glimpse how they're doing. Thanks for posting.
David, thank you for dropping by. It is amazing at the vast difference in the price of homes across the country. It puts things in perspective very quickly.
It's always fun to be reminded what each other's markets are like. I went to tour an open house yesterday that was $2.4 million, but unlike your area, that certainly isn't the norm here. Great information, Jane!
Ruth, eye opening, isn't it. If and when Candy Spelling sells her $150M home in Holmby Hills, eyes will really pop.
Jane,
Thanks for sharing the stats for Beverly Hills. It's good to see that sales are moving in an upward motion! Looks like the 90210 can look forward to a steady climb in 2010!
Michelle, we can only hope that the whole country is headed that way. Thanks for dropping by