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Beverly Hills Real Estate 2nd Qtr 2013 in Review

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

Let’s see how the Beverly Hills real estate market is doing compared to the 1st Qtr. of 2013.  Has the inventory improved?  How about the number of sales?

Since the demographics of Beverly Hills vary the stats are broken down by zip code.

Beverly Hills Single Family Homes

90210

Sold +/- Median +/- Active Median Pending
29 +11 $5,675,000 +0.80% 60 $8,949,750 18

90211 

Sold +/- Median +/- Active Median Pending
11 +6 $1,600,000 +33.33% 14 $1,949,000 5

90212

Sold +/- Median +/- Active Median Pending
7 +5 $2.625,000 +26.66% 7 $2,695,000 4

Beverly Hills Condos

90210

Sold +/- 2011 Median +/- 2011 Active Median Pending
21 +8 $1,075,000 +9.14% 9 $1,185,000 10

90211

Sold +/- 2011 Median +/- 2011 Active Median Pending
11 = $700,000 +7.20% 11 $729,000 3

90212

Sold +/- 2011 Median +/- 2011 Active Median Pending
9 +6 $990,000 +6.57% 9 $949,876 4

 

Seller’s Market Stable Market Buyers’ Market
Less than 5 months inventory 5 to 7 months inventory More than 7 months inventory

Information provided by the MLS/CLAW deemed reliable but not guaranteed

The sale of single family homes in Beverly Hills is up over the 1st Qtr in all zip codes as is the median price.   The absorption rate (the number of months it will take to sell the existing inventor show a sellers’ market, except for 90210 which is bordering a buyers’ market.  This is based on sales over the past six months.

Beverly Hills condo sales also improved over the 1st Qtr median prices.  The absorption rate for condos puts that market heavily into the sellers’ corner.

Previous market reports

Beverly Hills Real Estate First Quarter 2013
Beverly Hills Real Estate Market, The Year in Review

Beverly Hills Real Estate Market Report November 2012

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

Showing properties 1 - 10 of 218. See more Beverly Hills Homes for Sale
(all data current as of 7/10/2013)

  1. Photo of 493 HILLGREEN DR, Beverly Hills, CA 90212 (MLS # 13686419)
    3 beds, 1 full, 1 part baths
    Home size: 1,670 sq ft
    Lot size: 6,351 sqft
    Year built: 1938
    Parking spots: 4
    Days on market: 1
     
  2. Photo of 9309 BURTON WAY, Unit B, Beverly Hills, CA 90210 (MLS # 13686593)
    3 beds, 3 full baths
    Home size: 2,122 sq ft
    Year built: 1974
    Parking spots: 2
    Days on market: 2
     
  3. Photo of 1366 SAN YSIDRO DR, Beverly Hills, CA 90210 (MLS # 13686689)
    3 beds, 3 full baths
    Home size: 1,742 sq ft
    Lot size: 6,725 sqft
    Year built: 1938
    Parking spots: 2
    Days on market: 2
     
  4. Photo of 2241 BETTY LN, Beverly Hills, CA 90210 (MLS # 13686771)
    6 beds, 2 full, 3 part baths
    Home size: 4,742 sq ft
    Lot size: 14,750 sqft
    Year built: 1958
    Parking spots: 12
    Days on market: 2
     
  5. Photo of 1355 N BEVERLY DR, Beverly Hills, CA 90210 (MLS # 13686289)
    2 beds, 2 full, 1 part baths
    Home size: 2,121 sq ft
    Lot size: 9,561 sqft
    Year built: 1937
    Days on market: 3
     
  6. Photo of 471 S SWALL DR, Beverly Hills, CA 90211 (MLS # 13685695)
    3 beds, 2 full, 1 part baths
    Home size: 1,666 sq ft
    Lot size: 4,795 sqft
    Year built: 1932
    Days on market: 3
     
  7. Photo of 435 S PECK DR, Beverly Hills, CA 90212 (MLS # 13686433)
    4 beds, 3 full baths
    Home size: 2,426 sq ft
    Lot size: 6,375 sqft
    Year built: 1945
    Days on market: 3
     
  8. Photo of 339 N PALM DR, Unit PH1, Beverly Hills, CA 90210 (MLS # 13686239)
    2 beds, 3 full baths
    Home size: 2,790 sq ft
    Year built: 1973
    Parking spots: 2
    Days on market: 3
     
  9. Photo of 9508 GLOAMING DR, Beverly Hills, CA 90210 (MLS # 13685481)
    3 beds, 2 full baths
    Lot size: 11,305 sqft
    Year built: 1952
    Days on market: 3
     
  10. Photo of 135 N LE DOUX RD, Beverly Hills, CA 90211 (MLS # 13686115)
    4 beds, 4 full, 1 part baths
    Home size: 3,817 sq ft
    Lot size: 6,502 sqft
    Year built: 2007
    Parking spots: 6
    Days on market: 3
     

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

 

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Comments (10)

Bryan Robertson
Los Altos, CA

That 90210 zip code definitely commands attention with valuations that high :)  That property on Betty looks like a pretty good deal though.  Lots of house for the price.

Jul 10, 2013 08:46 AM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Jane - I love your Beverly Hills real estate market update.  I always think, if I win the lottery this is one neighborhood I'd like to buy into!

Jul 10, 2013 11:21 AM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Jane - Great zip code breakdown for the real estate market in Beverly Hills.

Jul 10, 2013 11:46 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Jane,

In your area the zip code breakdown really shows the market. If anyone is looking to buy or sell in LA..call Jane Peters!!

Jul 10, 2013 12:04 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Jane,

I meant to say I noticed your new header..very cool!

Jul 10, 2013 12:04 PM
William Johnson
Retired - La Jolla, CA
Retired
Hi Jane, Your stats are just so impressive and watching your market improve in values over your time frame is so encouraging for all of California. Not having all the inventory to satisfy the need is tough but I know that we will see things ease over the next year.
Jul 10, 2013 02:30 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Bryan,  Beverly Hills is a unique market for sure.

Laura,  you and me both.

Michelle,  thank you.

Dorie,  thank you very much.  You like the header, good.  There is a story behind it.

William,  from your mouth......

 

Jul 11, 2013 09:16 AM
Broker Patty Da Silva Da Silva
Green Realty Properties® - 954-667-7253 - Cooper City, FL
Top Listing Broker

Jane

I really like the home on Betty Lane but who wouldn't?!

Jul 11, 2013 10:15 AM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Sold numbers are up, prices are up.. Looks like an improving market!  Nice.

Jul 11, 2013 11:45 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Patti,  it's yours to buy.

Judi,  indeed.

Jul 12, 2013 05:38 AM