Are you thinking of buying or selling a Beverly Hills home, check out how the market is doing. The statistics to take note of are, in this case February 2010 vs February 2011 as these take seasonality out of the equation: February 2010 had one 18 – February 2011 had 11. December 2010 had the highest number of sales – 30 Average days on the market of Beverly Hills homes sold is down from 86 to 74 The median list price is up 15% from $2,995,000 to $3,450,000. The median sold price is down 47% from $3,200,000 to $1,685,000. This indicates that sellers’ and buyers’ expectations are way out of balance. Number of Beverly Hills homes for sale in any given month is down 12% from 330 to 292. New Beverly Hills homes coming on the market each month is up from 52 to 68. Supply vs demand shows a market trend. Supply has come down 12% vs demand which has dropped by 39%. But there is a long way to go before the market stabilizes (numbers become flatter) The ultimate indicator as to whether the Beverly hills real estate is a buyers’ or sellers’ market is Months Supply of Inventory, or Absorption Rate. The months supply has come down significantly from 22.2 months in February 2010 to 9.5 months in February 2011. It is still a buyers’ market. A stable market is 6 months. Beverly Hills single family home market is headed in the right direction. 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: For more information on how I can best serve your Los Angeles real estate needs, please fill out the online contact form or give me a call at 310-473-6919.Beverly Hills Housing Market Report – February 2011
Overview of Beverly Hills single family home sales over past year to February 2011
Map of Beverly Hills
View Beverly Hills, California in a larger mapBuying or Selling Los Angeles Real Estate
Harcourts Prestige Properties of La Jolla - La Jolla, CA
Featured on HGTV's New Show! How Close Can I Beach
Hi Jane! That is a beautiful report! Did you get the graphics from CLAW or are you using a different program? Great job!!!
Mar 21, 2011 06:56 AM
Keller Williams Westland Realty BRE# 01864461 - Fresno, CA
CRS,GRI, "Your Home Team" Fresno/Clovis Homes
Great post Jane, I love using Clarus, I think that's what you used, anyways. Keep up the great work!!!
Mar 21, 2011 07:46 AM
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs
Jane, Nice to see the absorption rate heading to a more balanced condition!
Mar 21, 2011 08:06 AM
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services
Tiffany, these are through CLAW but they are Clarus metrics. This is just a screen shot. Each chart is live on my site.
Kim, thank you. You recognized it. Yep. I was doing them myself for a while, but why duplicated things that Clarus has done so well.
David, yep. Going in the right direction.
Bill, yes indee.
Mar 21, 2011 09:28 AM
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services
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