Beverly Hills real estate market report
The Beverly Hills real estate market remains sluggish.
Homes under $2 million are the strongest sector of this market with 4.33 months of inventory which indicates a sellers market.
Homes over $2 million have 10.40 months of inventory and average days on the market have risen, pointing to a buyers market.
Condos under $2 million show slow but steady sales. With 8.88 months of inventory, buyers should be out looking.
Condos over $2 million. This is probably the most impacted area of the Beverly Hills real estate market. The sales to list price is high, but with over 39 months inventory and a median price of around $7 million, there is little or no movement.
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I'm seeing a lot of >$2M homes going under contract here. There's plenty of good deals to be had.
Georgie, what were those homes at the height?