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Beverly Hills California Market Report - December 2009

By
Real Estate Broker/Owner with Home Jane Realty BRE# 01439865

Beverly Hills

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.

Beverly Hills

Beverly Hills

 

Comments (6)

David Saks
Memphis, TN
Broker / Industry Analyst

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.

Jan 17, 2010 10:07 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

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.

Jan 17, 2010 10:39 AM
Ruth Vogt
Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate. - Colorado Springs, CO
719-592-0855 www.ReverseLoansInColorado.com

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!

Jan 17, 2010 10:39 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Ruth, eye opening, isn't it.  If and when Candy Spelling sells her $150M home in Holmby Hills, eyes will really pop.

Jan 17, 2010 10:44 AM
Michelle Pimentel
Empire Home Staging Solutions - Upland, CA
ASP, IAHSP Empire Home Staging

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!

Jan 18, 2010 05:13 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Michelle,  we can only hope that the whole country is headed that way.  Thanks for dropping by

Jan 19, 2010 03:05 AM