As with most areas of Los Angeles, Beverly Hills buyers are anxiously awaiting new inventory.
The Beverly Hills real estate market is a unique one given the wide variation in home prices. *The sale of a several high priced homes in one month and lower priced homes in another is going to affect the median price in a not too meaningful way. Next month we will look at the sales for the year which will paint a more accurate picture.
Sales and under contract properties reflect the status today.
| NOVEMBER BEVERLY HILLS SINGLE FAMILY MARKET REPORT |
| # Homes | List/Sales Price | ||
| For sale | 67 | $1,299,000 to $58,000,000 | |
| Under contract | 28 | $799,000 to $7,595,000 | |
| Sold | 17 | $1,600,000 to $16,500,000 | |
| November sold median price | $2,870,000 |
| COMPARISON TO OCTOBER |
| For sale | -6 | |
| Under contract | -5 | |
| Sold | -8 | |
| Sold median price | +77.70%* |
| MARKET ABSORPTION |
| Market history | 1 month | 3 months | 6 months | 12 months |
| Closed transactions | 17 | 62 | 97 | 163 |
| Average sold per month | 17 | 20.67 | 16.17 | 13.58 |
| Homes currently for sale | 67 | 67 | 67 | 67 |
| Months supply on the market | 3.94 | 3.24 | 4.14 | 4.93 |
| Sellers Market | Balanced Market | Buyers’ Market |
| Less than 5 months | 5 to 7 months | More than 7 months |
Beverly Hills single family home sales were down in November over the previous month as are the number of homes on the market and the number of pending sales. The median price was up substantially, a reflection of the higher priced sales. Inventory is still low and the Beverly Hills real estate market favors sellers.
| NOVEMBER BEVERLY HILLS CONDO MARKET REPORT |
| # Homes | List/Sales Price | ||
| For sale | 40 | $418,000 to $13,200,000 | |
| Under contract | 21 | $299,000 to $1,197,000 | |
| Sold | 4 | $515,000 to $785,000 | |
| November sold median price | $729,500 |
| COMPARISON TO OCTOBER |
| For sale | = | |
| Under contract | -1 | |
| Sold | -5 | |
| Sold median price | -8.58% |
| MARKET ABSORPTION |
| Market history | 1 month | 3 months | 6 months | 12 months |
| Closed transactions | 8 | 26 | 57 | 123 |
| Average sold per month | 8.00 | 8.67 | 9.5 | 10.25 |
| Homes currently for sale | 40 | 40 | 40 | 40 |
| Months supply on the market | 5.00 | 4.61 | 4.21 | 3.90 |
Information provided by the MLS/CLAW deemed reliable but not guaranteed
The Brentwood condo market remains slower than the single family market. Sales and the median price was down over the previous month. The number of condos for sale are the same as during the previous and the months’ inventory still favors sellers.
Previous market reports
Beverly Hills Real Estate Market Report October 2012
Beverly Hills Real Estate Half Yearly Market Report 2012
Beverly Hills Real Estate Market Report 1st Qtr 2012
Homes for sale in Beverly Hills
(Sample Listings)
Showing properties 1 - 10 of 212. See more Beverly Hills Homes for Sale.
(all data current as of 12/13/2012)
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$449,000 : 165 N SWALL DR, Unit 201, Beverly Hills1 bed, 1 full, 1 part baths
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$1,750,000 : 1401 CLARIDGE DR, Beverly Hills2 beds, 2.5 baths
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$3,995,000 : 508 N REXFORD DR, Beverly Hills6 beds, 4.5 baths
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$699,000 : 9825 PORTOLA DR, Beverly Hills3 beds, 2 full, 1 part baths
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$1,495,000 : 211 S SPALDING DR, Unit PH606, Beverly Hills3 beds, 3 full, 1 part baths
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$1,685,000 : Benedict Canyon Drive, Beverly Hills3 beds, 2.0 baths
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$3,195,000 : 3177 HUTTON DR, Beverly Hills5 beds, 4 full, 2 part baths
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$6,300,000 : 1130 SUMMIT DR, Beverly Hills6 beds, 8.0 baths
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$418,000 : 439 N DOHENY DR, Unit 105, Beverly Hills1 bed, 1.0 baths
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$1,799,000 : 13439 JAVA DR, Beverly Hills3 beds, 3 full, 1 part baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Buying or Selling Los Angeles Real Estate
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