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Beverly Hills Real Estate Market Report | First Quarter 2012

Let’s see how the Beverly Hills real estate market did in the 1st Quarter of 2012 as compared with the same period in 2011.

Beverly Hills

The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed.  Also, they reflect single family home sales only.

Number sold:  28, a 20% decrease over the same period last year.

Median price:  $4,075,000, a 54.65% increase over the same period last year.

There are 100 active listings.  The an average sale of 9.33 homes per month there is an absorption rate of 10.72 months.  This means that it will take 10.72 months to sell the existing inventory.  A balanced market is 6 months of inventory.  Anything above that does not favor sellers.

If you look at the absorption rate for homes below $4 Million, then the picture is a little rosier, with 7.62 months’ inventory.

As in most other L.A. areas, it is the luxury market which is still slow coming back.

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Showing properties 1 - 15 of 291. See more Beverly Hills Homes for Sale
(all data current as of 4/21/2012)

  1. 0 medium Beverly Hills Real Estate Market Report | 1st Quarter 2012
    3 beds, 3.0 baths
    Lot size: 15,250 sqft
    Year built: 1951
    Parking spots: 4
    Days on market: 1
     
  2. 0 medium Beverly Hills Real Estate Market Report | 1st Quarter 2012
    3 beds, 2.0 baths
    Home size: 1,226 sq ft
    Lot size: 20,820 sqft
    Year built: 1951
    Parking spots: 4
    Days on market: 2
     
  3. 0 medium Beverly Hills Real Estate Market Report | 1st Quarter 2012
    6 beds, 8.0 baths
    Home size: 5,479 sq ft
    Lot size: 15,910 sqft
    Year built: 1960
    Parking spots: 7
    Days on market: 2
     
  4. 0 medium Beverly Hills Real Estate Market Report | 1st Quarter 2012
    2 beds, 2 full, 1 part baths
    Home size: 2,044 sq ft
    Year built: 1974
    Days on market: 2
     
  5. 0 medium Beverly Hills Real Estate Market Report | 1st Quarter 2012
    5 beds, 5.5 baths
    Home size: 5,000 sq ft
    Lot size: 17,756 sqft
    Year built: 1922
    Days on market: 2
     
  6. 0 medium Beverly Hills Real Estate Market Report | 1st Quarter 2012
    3 beds, 4.0 baths
    Home size: 3,257 sq ft
    Lot size: 27,600 sqft
    Year built: 1957
    Parking spots: 2
    Days on market: 2
     
  7. 0 medium Beverly Hills Real Estate Market Report | 1st Quarter 2012
    6 beds, 7.0 baths
    Home size: 8,049 sq ft
    Lot size: 1.06 ac
    Year built: 2002
    Days on market: 3
     
  8. 0 medium Beverly Hills Real Estate Market Report | 1st Quarter 2012
    5 beds, 5.5 baths
    Home size: 3,900 sq ft
    Lot size: 6,000 sqft
    Year built: 2012
    Parking spots: 3
    Days on market: 3
     
  9. 0 medium Beverly Hills Real Estate Market Report | 1st Quarter 2012
    4 beds, 4.0 baths
    Home size: 3,024 sq ft
    Lot size: 21,191 sqft
    Year built: 1959
    Parking spots: 2
    Days on market: 3
     
  10. 0 medium Beverly Hills Real Estate Market Report | 1st Quarter 2012
    5 beds, 6.0 baths
    Home size: 6,662 sq ft
    Lot size: 23,836 sqft
    Year built: 1999
    Days on market: 4
     
  11. 0 medium Beverly Hills Real Estate Market Report | 1st Quarter 2012
    7 beds, 7.5 baths
    Home size: 10,124 sq ft
    Lot size: 19,060 sqft
    Year built: 1986
    Days on market: 5
     
  12. 0 medium Beverly Hills Real Estate Market Report | 1st Quarter 2012
    3 beds, 4.5 baths
    Home size: 3,447 sq ft
    Lot size: 13,800 sqft
    Year built: 1975
    Parking spots: 4
    Days on market: 5
     
  13. 0 medium Beverly Hills Real Estate Market Report | 1st Quarter 2012
    3 beds, 3.0 baths
    Home size: 2,123 sq ft
    Year built: 1974
    Parking spots: 2
    Days on market: 5
     
  14. 0 medium Beverly Hills Real Estate Market Report | 1st Quarter 2012
    5 beds, 6.0 baths
    Home size: 5,901 sq ft
    Lot size: 15,230 sqft
    Year built: 1929
    Parking spots: 7
    Days on market: 5
     
  15. 0 medium Beverly Hills Real Estate Market Report | 1st Quarter 2012
    14 beds, 14.0 baths
    Home size: 14,000 sq ft
    Lot size: 1.39 ac
    Year built: 1927
    Days on market: 6
     

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

 

 

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Read more: http://www.homejane.com/beverly-hills-real-estate-market-report-1st-quarter-2012.html#ixzz1shdVEDU4

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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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7 commentsJane Peters • April 21 2012 12:01PM

Comments

Hi Jane:  This is a wonderful sampelling of what is available in Beverly Hills, one of our State's most talked about and famous areas!!!

Posted by Jane Grant, Temecula Homes and Murrieta Homes (Jane Grant, "Temecula Homes", Southwest Real Estate) almost 2 years ago

Jane - Beverly Hills...who wouldn't want to live there? Thanks for the SFR home market report.

Posted by Sarah & Lester Oswald, Broker, Realtor, CDPE, CIAS, SFR , Investor (Eastvale Team Realty & Property Mgmt) almost 2 years ago

Jane,  thank you.  Definitely one of the most famous.

Sarah,  thank you for dropping by.

Posted by Jane Peters, Connecting you to the L.A. real estate scene (Power Brokers Int'l) almost 2 years ago

Jane,

The prices went up and number of units sold went down unlike the Century City Condos where both pricesd and number of units sold went up. Interesting.

Posted by Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR, Top Listing Broker (BROKER of Green Realty Properties® - 954-667-7253) almost 2 years ago

Patty,  well we are talking about a significantly higher price range too.  Thanks for dropping by as always, Patty.

Posted by Jane Peters, Connecting you to the L.A. real estate scene (Power Brokers Int'l) almost 2 years ago

Jane - I really admire how you put your real estate market reports together.  They are always well done and really balanced with pictures, listings and a map!

Posted by Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com, Tahoe Real Estate Agent Helping Buyers and Sellers (Coldwell Banker, Tahoe City, CA (530) 414-1260) almost 2 years ago

Laura,  thank you.  I appreciate that.

Posted by Jane Peters, Connecting you to the L.A. real estate scene (Power Brokers Int'l) almost 2 years ago

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