Another year as flown by and it is time to review the 2011 Beverly Hills real estate market.
I have split the 2011 Beverly Hills real estate market report into four section, single family by price breakdown and condos. I have also shown relevant percentage comparisons with the 2010 statistics.
What is Market Absorption?
Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market.
6 months worth of inventory is a balanced market. Under 6 months is a sellers’ market, and anything over 6 months is a buyers’ market.
So let’s take a look:
Sales of homes under $2M in Beverly Hills are starting to slow down and edge into a buyers’market although the number of sales over the last three months of this year is up 22% over 2010.
Homes seems to be priced well as the sales to list price is high.
The median price has been increasing over last year by as much as $11.65%
Overall an improvement over 2011
The number of Beverly Hills homes sold between $2-5M have dropped over 2011, and the median price is down by as much as 13%. Although the market is still a sellers’ market as inventory is low.
The Beverly Hills luxury market is somewhat stagnant.
Beverly Hills homes sold over $5M are down from 2011 as is the median price. Buyers, if you are looking for a Beverly Hills luxury home for sale, now is the time. There is plenty of inventory.
The Beverly Hills condo market is fairly stable. Sales over the past three months are down slightly from 2010 but were up over 6 months. The absorption shows a stable market and the median price is down slightly. But still a fairly stable stats.
Previous Beverly Hills Market Reports
Beverly Hills Home Sales to Date This Year
Beverly Hills Real Estate – Half Yearly Market Report 2011
Beverly Hills Housing Market Report – February 2011
Buying or Selling a Beverly Hills Home – How did the 2010 Market Do?
Search Beverly Hills Homes for Sale
Showing properties 1 - 15 of 273. See more Beverly Hills Homes for Sale.
(all data current as of 12/31/2011)
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$2,995,000 : 9645 WENDOVER DR, Beverly Hills
5 beds, 4 full, 1 part bathsHome size: 3,937 sq ftLot size: 21,026 sq ftYear built: 1973Parking spots: 2Days on market: 2 -
$1,099,000 : 8707 CLIFTON WAY, Beverly Hills
3 beds, 2.0 bathsHome size: 1,614 sq ftLot size: 5,418 sq ftYear built: 1923Days on market: 4 -
$7,950,000 : 135 MONOVALE DR, Beverly Hills
4 beds, 5.5 bathsHome size: 7,224 sq ftLot size: 25,003 sq ftYear built: 1988Days on market: 5 -
$399,993 : 423 South Rexford Drive #202, Beverly Hills
2 beds, 1 full, 1 part bathsHome size: 1,157 sq ftLot size: 636 sq ftYear built: 1961Parking spots: 2Days on market: 11 -
$1,395,000 : 435 S ALMONT DR, Beverly Hills
4 beds, 4.0 bathsHome size: 2,605 sq ftLot size: 4,800 sq ftYear built: 1926Days on market: 12 -
$1,375,000 : 9011 ALTO CEDRO DR, Beverly Hills
4 beds, 2 full, 1 part bathsHome size: 3,072 sq ftLot size: 15,930 sq ftYear built: 1962Parking spots: 2Days on market: 14 -
$1,749,000 : 348 S CLARK DR, Beverly Hills
4 beds, 3.5 bathsHome size: 3,354 sq ftLot size: 6,250 sq ftYear built: 1930Days on market: 16 -
$599,000 : 175 North Swall Drive #304, Beverly Hills
2 beds, 2 full bathsHome size: 1,478 sq ftLot size: 23,849 sq ftYear built: 1965Parking spots: 2Days on market: 17 -
$549,000 : 9859 Easton Drive, Beverly Hills
2 beds, 1 full bathHome size: 988 sq ftLot size: 8,589 sq ftYear built: 1947Parking spots: 2Days on market: 17 -
$1,550,000 : 447 N DOHENY DR, Beverly Hills
2 beds, 2.5 bathsHome size: 2,035 sq ftYear built: 2010Days on market: 17 -
$3,700,000 : 447 N DOHENY DR, Beverly Hills
3 beds, 4.5 bathsHome size: 3,949 sq ftYear built: 2010Parking spots: 3Days on market: 17 -
$2,695,000 : 9526 DALEGROVE DR, Beverly Hills
3 beds, 4.0 bathsHome size: 2,875 sq ftLot size: 14,300 sq ftYear built: 1951Days on market: 19 -
$729,500 : 262 N CRESCENT DR, Beverly Hills
2 beds, 2.0 bathsHome size: 1,407 sq ftYear built: 1961Days on market: 21 -
$5,450,000 : 14042 AUBREY RD, Beverly Hills
6 beds, 6.5 bathsHome size: 6,060 sq ftLot size: 18,894 sq ftYear built: 1990Parking spots: 10Days on market: 21 -
$669,000 : 234 S GALE DR, Beverly Hills
2 beds, 2.0 bathsHome size: 1,494 sq ftYear built: 1989Days on market: 22
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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