The Beverly Hills Real Estate Market Trends are published by Endre Barath, Jr.
Hard to believe we are in our second week of the New Year, hence I thought it would be valuable to see what the Real Estate Market Trends are for Beverly Hills, CA. This is the Single-Family Market Trends Report for the 90210-zip code.
The Market currently is hovering with a slight Buyer’s Advantage. We measure home sales vs. the amount of inventory and determine how the market is doing. Hence the easiest way to gage it is to see that prices are not moving higher until the excess inventory is in Escrow. As expected once inventory shrinks then the real estate market moves into the Seller’s Advantage.
Currently the Median List price for Beverly Hills, CA 90210 is around $6,350,000.00
The most expensive Listing in 90210 is $43,900,000.00 and the least expensive home is $925,000.00
The prices have been fluctuating for the past few weeks, in case you are wondering WHY, the answer is very simple, because we tend to lump the listings and sales into on statistic instead of breaking it out into four Quartiles. This action in turn makes the numbers invalid. Just visualize a sale of $40,000,000.00 what it would do to the rest of the statistics.
So with that said let us look at the numbers:
Median Price Sq. Ft. Lot Size Bed Baths Days on Market
$19,259,000.00 9150 .5- 1 acre 5 7 155
$ 8,700,000.00 6200 .25 - .5 acre 5 5 162
$ 4,725,000 4500 .10 - .25 acre 4 5 179
$ 2,530,000 2800 .06- .10 acre 3 2 135
Now you have a better feel of how the Single Family Real Estate Market is doing in the 90210-zip code.
If you are considering buying or selling your home in Beverly Hills or vicinity please reach out to me directly for a confidential discussion.
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 email@example.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