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
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