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The Beverly Hills Condominium Market Report is published...

By
Real Estate Agent with Berkshire Hathaway HomeServices California Properties 01238708

The Beverly Hills, CA Condominnium Market Report is published... I have been so busy with six Escrows, four of which have closed and two are in their investigation phase... at the same time I am negotiating two other transactions, so I have been slow in focusing on my Blogging and particularly the Beverly Hills Condominium Market.

So with that said let's see how it fared...

As you can see inventory has improved a bit, but it is still very tight:

 

As you can see the median Sales Price has not slowed down either:

 

 

We anticipate more price increases and a more competetive buyer's market....

 

All I can say if you look at the price points for Condominiums in Beverly Hills then 47 days is increadible. So if you are considering buying or selling a Condominium, then please reach out to me for a confidential consultation.

I am a Beverly Hills Realtor and I can help you with your sale or purchase.

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 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.

 

 

Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Improving is a good thing...thinventory can be such a curse for Buyers in any market !

Jul 01, 2017 12:17 AM
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 602.710.8161 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

I like to look at days on the market as an indicator of the state of the market. It looks like your market is hotter than 2 years ago. I hope your two escrows will close smoothly.

Jul 01, 2017 08:03 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

Endre Barath, Jr. - I hope anyone looking to buy, or sell a Beverly Hills condominium will call you for more information and market insight!  

Jul 01, 2017 11:05 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Endre you guys are in such a hot market that even the condos are selling quickly.

Jul 01, 2017 07:11 PM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Endre

The Beverly Hills California Condominium market remains very active.

Good luck and success.

Lou Ludwig

Jul 01, 2017 07:53 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Hi Endre, hope you are gearing up for a very nice holiday. Have a good evening.

Jul 02, 2017 07:05 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Sally K. & David L. Hanson  it does come with its challenges, Endre

Jul 02, 2017 07:22 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Steffy Hristova  thank you for the kind wishes and you are right about the market, Endre

Jul 02, 2017 09:58 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com  thank you and enjoy a Happy 4th of July, Endre

Jul 02, 2017 09:59 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

George Souto  talk about hot add the fact, that even Land is in multiple offers....Endre

Jul 02, 2017 10:00 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Lou Ludwig  thank you for stopping in wishing you a Happy 4th of July, Endre

Jul 02, 2017 10:00 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Debbie Reynolds  it has been nice and relaxing up to this point, hope you are having one like that as well, Endre

Jul 02, 2017 10:01 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

WOW Prices up 46% - and in that price range selling in 47 days?!  What a market you're in, Endre!  Great report and here's to keeping that inventory moving in Beverly Hills.

I hope you and Diane have a fabulous Fourth!

Jul 02, 2017 10:02 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Endre - looks like your market is still hot as ever.  At some point the price increases see more supply.

Jul 03, 2017 04:48 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Endre, 

Congratulations on all your success this year!  You are right, 47 DOM is pretty impressive when you look at a market at $1.7 million plus! 

Jul 03, 2017 11:28 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Debe Maxwell, CRS  yes prices are insane and if you are representing the buyer you have  virtually no chance of buying... now if you are trying to get a listing there are 12-30 agents you are competing with... Endre

p.s.: so my my hair is getting gray:))Endre

Jul 06, 2017 11:39 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Grant Schneider  we are heading there:) will have to do a new Market Report, Endre

Jul 06, 2017 11:40 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Sheri Sperry - MCNE®  thank you I need to come up for air soon< Endre

Jul 06, 2017 11:40 PM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Endre, you always provide great market reports for communities in Los Angeles. 

Jul 07, 2017 07:29 PM