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.
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.
Search homes for sale in Beverly Hills
Showing properties 1 - 15 of 291. See more Beverly Hills Homes for Sale.
(all data current as of 4/21/2012)
$1,400,000 : 1336 BENEDICT CANYON DR, Beverly Hills3 beds, 3.0 bathsLot size: 15,250 sqftYear built: 1951Parking spots: 4Days on market: 1
$795,000 : 9672 YOAKUM DR, Beverly Hills3 beds, 2.0 bathsHome size: 1,226 sq ftLot size: 20,820 sqftYear built: 1951Parking spots: 4Days on market: 2
$3,599,000 : 9570 SUNSET, Beverly Hills6 beds, 8.0 bathsHome size: 5,479 sq ftLot size: 15,910 sqftYear built: 1960Parking spots: 7Days on market: 2
$4,195 : 320 N MAPLE DR, Beverly Hills2 beds, 2 full, 1 part bathsHome size: 2,044 sq ftYear built: 1974Days on market: 2
$3,995,000 : 226 N REXFORD DR, Beverly Hills5 beds, 5.5 bathsHome size: 5,000 sq ftLot size: 17,756 sqftYear built: 1922Days on market: 2
$3,495,000 : 1260 SHADOW HILL WAY, Beverly Hills3 beds, 4.0 bathsHome size: 3,257 sq ftLot size: 27,600 sqftYear built: 1957Parking spots: 2Days on market: 2
$8,249,000 : 2481 Summitridge DR, Beverly Hills6 beds, 7.0 bathsHome size: 8,049 sq ftLot size: 1.06 acYear built: 2002Days on market: 3
$2,945,000 : 329 S CLARK DR, Beverly Hills5 beds, 5.5 bathsHome size: 3,900 sq ftLot size: 6,000 sqftYear built: 2012Parking spots: 3Days on market: 3
$1,599,000 : 1635 TOWER GROVE DR, Beverly Hills4 beds, 4.0 bathsHome size: 3,024 sq ftLot size: 21,191 sqftYear built: 1959Parking spots: 2Days on market: 3
$5,995,000 : 13959 DURHAM RD, Beverly Hills5 beds, 6.0 bathsHome size: 6,662 sq ftLot size: 23,836 sqftYear built: 1999Days on market: 4
$10,650,000 : 802 N LINDEN DR, Beverly Hills7 beds, 7.5 bathsHome size: 10,124 sq ftLot size: 19,060 sqftYear built: 1986Days on market: 5
$1,597,500 : 9916 MARK PL, Beverly Hills3 beds, 4.5 bathsHome size: 3,447 sq ftLot size: 13,800 sqftYear built: 1975Parking spots: 4Days on market: 5
$749,000 : 9321 BURTON WAY, Beverly Hills3 beds, 3.0 bathsHome size: 2,123 sq ftYear built: 1974Parking spots: 2Days on market: 5
$5,495,000 : 717 N CAMDEN DR, Beverly Hills5 beds, 6.0 bathsHome size: 5,901 sq ftLot size: 15,230 sqftYear built: 1929Parking spots: 7Days on market: 5
$17,500,000 : 904 BENEDICT CANYON DR, Beverly Hills14 beds, 14.0 bathsHome size: 14,000 sq ftLot size: 1.39 acYear built: 1927Days on market: 6
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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:
- Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
- Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
- Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
- Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
- Culver City Real Estate - Culver City homes
- Silver Lake Real Estate - Silver Lake single homes
- Echo Park Real Estate - Echo Park homes
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.