The Beverly Hills Single Family Market is not your usual Single Family Market. Price points vary from a low of barely bellow two million to a high of a hundred plus million dollars. Consequently this skews the numbers. Hence it is critical to have a knowledgeable Realtor who can explain and give solid advice to buyers and sellers.
Customarily I usually break out the Beverly Hills Market into four quartiles to better explain the various price points. Here I am just going to do a simple comparison to give you an idea how to overall market is in Beverly Hills. Should you be interested in selling I would be happy to give you a more focused and detailed market trends report. Please reach out to me directly.
As you can see the inventory seems reasonable, the issue comes into play how the sales are in relation to the properties on the market.
When you see Pending Sales drop drastically agents and sellers all get nervous. One needs to look at what the real driving forces are in the market.
The Days on Market tell me that there are not much difference between the year before and now. Huge difference compared to 2016 but the answer is more than likely due to the price increases and lack of good inventory to choose from. After all if you are in such high price points you have many other locations you might consider before choosing Beverly Hills as the choice for your residence.
As you can see the nuber of Sold Single Family Homes increase compared to last year, the reality is many agents might not have had a sale hence the long faces of how the market is doing. The reality is over a three year trend month over month you can see things are still active and even more active than what the media might convey.
Now, if you are looking for top notch service in the Greater Los Angeles Area for Real Estate, please reach out to me directly!!
Now, if you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly!
If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! 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 https://www.endrebarath.com I contribute a portion of my commission to local animal rescue organizations.
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