Let’s see how the Beverly Hills real estate market is doing compared with a year ago – August 2012.
All information provided by MLS/CLAW is deemed accurate but is not guaranteed.
Single family homes
| Month | Sold | Median | For Sale | Median | Difference List vs Sold |
New on Market |
Months Supply |
| Aug-12 | 12 | $3,825,000 | 142 | $6,050,000 | -$2,225,000 | 19 | 5.2 |
| Jul-12 | 10 | $2,740,000 | 151 | $5,400,000 | -$2,660,000 | 33 | 11.2 |
| Jun-12 | 17 | $3,650,000 | 151 | $5,150,000 | -$1,500,000 | 35 | 10.7 |
| May-12 | 12 | $6,975,000 | 153 | $5,350,000 | -$1,625,000 | 27 | 7.2 |
| Apr-12 | 12 | $4,787,500 | 150 | $5,074,500 | -$287,000 | 33 | 12.6 |
| Mar-12 | 19 | $4,050,000 | 145 | $5,675,000 | -$1,625,000 | 41 | 6.9 |
| Feb-12 | 5 | $2,862,000 | 130 | $5,272,500 | -$2,410,500 | 20 | 7.4 |
| Jan-12 | 3 | $4,600,000 | 134 | $5,712,500 | -$1,112,500 | 26 | 18.3 |
| Dec-11 | 14 | $2,280,000 | 132 | $5,947,500 | -$3,667,500 | 8 | 12.0 |
| Nov-11 | 14 | $2,173,000 | 143 | $5,900,000 | -$3,727,000 | 25 | 13.8 |
| Oct-11 | 15 | $2,195,000 | 145 | $5,150,000 | -$2,955,000 | 22 | 7.9 |
| Sep-11 | 10 | $2,472,500 | 153 | $4,950,000 | -$2,477,500 | 27 | 12.3 |
| Aug-11 | 13 | $5,275,000 | 162 | $4,974,500 | $300,500 | 20 | 8.4 |
Beverly Hills single family homes median sold price is down 27% and the median sales price is up 22% from August 2011.
The number of sold properties is down 8%.
The amount of inventory is down 12% and new inventory per month is down 5%.
The months supply of inventory is down 38% to 5.2 months, a more balanced market. Above 6 months of inventory indicates a buyers’ market and below a sellers’.
The Beverly Hills single family market is improving but list prices are not supported by the resulting sales. Also, fresh new inventory is needs, as in many other areas.
Condos
| Month | Sold | Median | For Sale | Median | Difference List vs Sold |
New on Market |
Months Supply |
| Aug-12 | 13 | $875,000 | 63 | $1,049,000 | -$174,000 | 14 | 3.6 |
| Jul-12 | 8 | $900,000 | 76 | $1,049,500 | -$149,500 | 16 | 4.1 |
| Jun-12 | 11 | $1,050,000 | 75 | $999,000 | $51,000 | 18 | 8.6 |
| May-12 | 14 | $1,030,000 | 78 | $999,000 | $31,000 | 15 | 4.1 |
| Apr-12 | 5 | $1,055,000 | 84 | $999,000 | $56,000 | 17 | 5.2 |
| Mar-12 | 11 | $835,000 | 85 | $1.090,000 | -$255,000 | 26 | 9.6 |
| Feb-12 | 7 | $1,160,000 | 81 | $1.090,000 | $70,000 | 25 | 7.4 |
| Jan-12 | 7 | $675,000 | 80 | $1.094,500 | -$419,500 | 16 | 11.0 |
| Dec-11 | 6 | $765,000 | 88 | $997,250 | -$232,250 | 9 | 6.4 |
| Nov-11 | 4 | $937,500 | 93 | $995,000 | -$57,500 | 12 | 11.3 |
| Oct-11 | 8 | $1,212,500 | 97 | $975,000 | $237,500 | 4 | 9.0 |
| Sep-11 | 5 | $874,000 | 108 | $955,000 | -$81,000 | 17 | 18.6 |
| Aug-11 | 7 | $800,000 | 111 | $9255,000 | -$125,000 | 13 | 30.3 |
Brentwood condos median sold price is up 9% and the for sale median is up 13% over August 2011.
The number of sold properties is up 86%.
The amount of inventory is down 13% but the amount of new inventory per month is up 8%
The months supply of inventory is down 88% to 3.6 months making it a sellers’ market.
Beverly hills condo sellers would be well served to put them properties on the market at this time.
Homes for sale in Beverly Hills
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
- Westwood Real Estate – Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
- Brentwood Real Estate – Brentwood single family homes, Brentwood condominiums
- Santa Monica Real Estate – Santa Monica single family homes, Santa Monica condominiums
- Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
- Culver City Real Estate – Culver City homes
- Silver Lake Real Estate - Silver Lake single homes
- Echo Park Real Estate – Echo Park homes
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
Read more: http://www.homejane.com/beverly-hills-real-estate-market-report-august-2012.html#ixzz27mskFue2
Comments (9)Subscribe to CommentsComment