Real Estate Market trend comparison between Beverly Hills and Los Angeles County!
First let's look at the Average Sales Price:
As you can see the Average Prices have been increasing overall in Los Angeles County, on the other hand the average sales price in Beverly Hills has been decreasing. Now let us look at the inventory next usually that is a good indicator as to why the numbers are like the above statistics show.
Active Inventory:
As you can see the average inventory in Los Angeles Country has increased hence that explains the increase in average sales prices. On the other hand inventory has been increasing in Beverly Hills and that explains why the prices have decreased.
An equally interesting statistic to watch is the Days on Market:
As you can see the Average Days on Market has been shrinking for Los Angeles County hence this explains that it is a fast market and in turn the prices have increased. On the other hand the Average Days on Market in Beverly Hills have increased and this data also supports why the price drop.
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If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com. I am a Pet Friendly Realtor and I contribute a portion of my commission to local animal rescue organizations.
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