The Average Days on Market for Single Family Homes in Beverly Hills, CA are up by 15% !
To some people the Average Days on Market do not mean much. The reality is, this is quite an important statistics to monitor. It does not matter if it is Beverly Hills or other parts of Los Angeles or for that matter anywhere in the country you are looking at. What is extremely important is to monitor these figures if you are considering buying or selling a home. This is the indicator of how fast or how slow the market is, i.e.: this is the velocity. Based on these numbers you can watch the trends, is the market getting hotter or is it cooling? Hence based on this trend you can predict if you should be pricing your home ambitiously or conservatively. Conversely buyers can determine if the property is priced correctly or the seller is being ambitious.
As the days on market increase it will determine that the market is either cooling or is in transition. Clearly we need to also look at the seasonal effects and not to confuse it with a transitional market. So with that said please look at these figures. Should you have any questions please reach out to me directly.
If you would like a Free Market Analysis let me know.
So with that said if you are looking for a Pet Friendly Realtor in the Greater Los Angeles area, you found him! If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations
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