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 over asking. Beverly Hills home buyers are looking, and in certain price ranges there is not enough inventory.
The Beverly Hills real estate condo market, is edging towards a more balanced one, but now favors the Beverly Hills home buyer. However, if you price your condo right, don't be afraid to sell.
Beverly Hills condo buyers, with interest rates still low, now is the time to make that move.
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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:
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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.
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Jane, those statistics are awesome. I'd bet the Beverly Hills market is leading the country in turn times, right now, especially in the high end market. That's a lot of work you put into this. WTG.
Juli, thank you very much. Beverly Hills, might well be the bellweather.
Jane - These are amazing numbers. The first chart says $1274 per sq ft. Of coarse it helps to average in the $23,000,000 sale.
Now is the to move in Beverly Hills. Interest rates are still low and will not be this low for long.
Ken, I know. You caught that, huh. I guess a fair way to talk about Beverly Hills is in to parts - the under $2M homes and then the rest.
Jane - Excellent Beverly Hills real estate market information. We're also seeing a shortage of inventory at certain price point.
It sounds as if this might be a good time to think about buying a Beverly Hills condo. Let me grab a jacket and call my pilot. ;-)
Michelle, I think that is the common refrain lately.
Susan, at which airport shall I meet you?
The numbers for single family homes in the past month are pretty good! At a time when most markets were slowing to a halt, the Beverly Hills market seems to have strengthened. May it continue throughout the year!
Thank you for the great wealth of information and update on your area, Great work! Wishing you the best!
Nina, from your mouth to.......
Vick, thank you. I appreciate it.
Jane, That's great news that your market is turning around. It looks as if Condo's are on their way to a recovery as well, as you stated. That's great news! I saw the Price per square foot. Oh my goodness!!! That's amazing!
Elizabeth, talke into account there is one $23,000,000 home in there. Puts things in their perspective.
Jane - It looks like the Beverly Hills market is pretty balanced, and I hope the buyers and sellers realize you are the person to help them.
Christine, thank you very much, indeed.
Jane, Just an illustration of why Beverly Hills is so different. The average home is OVER 6000 sq ft? We have very few here that big! Nice presentation of the data!
Jane, It's always interesting to see the numbers in your market...It amazes me that the lowest selling property there could get you a VEEEEERRRRYYY nice property on a lot of land here in Indy...The average days on market isn't bad either when you consider the price range your dealing with...Here that number would be ridiculously higher (talking years, not months) for homes in that price range...
Have a great week!
Chanda Panda
OK buyers and sellers in the Beverly Hills area, Jane put this together for YOU. Please call her with all your Real Estate needs...NOW. I'll wait.
Nice market stats, Jane. I always find putting market reports together helps me keep my finger on the pulse of the local market.
Jane,
I think the important part of your blog is that the numbers do tell an optimistic story when it comes to market absorption. This is good for everyone and the adjacent neighborhoods as well... g
Bill, thank you. One would need to take out the $23M sale to get a true average.
Chanda, nice to see you. Yep, it is mind boggling isn't it.
Craig, don't be shy. Now is the time to buy.
Norma, it is good to get a reality check.
Gordon, you are right. The surrounding areas are pretty healthy also.
Aaaahhhh Jane ... therein lies the magic words ... "price your condo right"! Hopefully sellers are learning/have learned in larger numbers that pricing is key ... and actually listen to their Realtor's advice and suggestions regarding that pricing. Glad to see that numbers are becoming more advantageous in your area too. Would make me think that those listening are growing in numbers too.
Gene
Gene, that must be the answer. Homes that are priced right are causing the market to move upwards.
Jane - As my Jane and I feel we know your celebrity in Beverly Hills, nothing but the red carpet will do on our first trip to see you. Here's hoping to see you this year !