The Beverly Hills, CA Income Property Market Report for December 2016
The most challenging market segment is the Income Property Segment of not just Beverly Hills, but the greater Los Angeles area. My report focuses on the Lack of Inventory, which in turn fuels the lack of sale.
I have a handful of clients that would love to buy Income Properties, now with that said they are frustrated almost as much as I am, that they are ready to spend money but virtually nothing to buy.
There are only a total of 4 Active properties one is a Duplex and one is a 21-unit income property. The other two fall in-between.
The least expensive one is listed for $3.5 million and the most expensive one is listed for $19 million.
Now if we look at what sold since July 2016 the numbers will amaze you. There have only been 9 sales since after the 4th of July. What do I attribute this to? Investors love their Beverly Hills Income Properties because they generate so much money that it does not make financial sense to sell them.
Beverly Hills Income Properties are in such high demand that the Median Days on Market for these 9 properties that sold was 42 days. That basically tells you the moment they came on the market it sold.
IF you are considering selling Income Properties in Beverly Hills and surrounding areas please reach out to me directly to discuss a strategy to get the most money in the shortest amount of time.
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 at 310.486.1002 (m) or firstname.lastname@example.org 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.