Let’s check in on the Beverly Hills real estate market. Are we seeing more sales, new inventory......
| OCTOBER BEVERLY HILLS SINGLE FAMILY MARKET REPORT |
| # Homes | List/Sales Price | ||
| For sale | 73 | $1,375,000 to $58,000,000 | |
| Under contract | 33 | $995,000 to $14.900,000 | |
| Sold | 25 | $1,275,000 to $9,180,000 | |
| October sold median price | $2,870,000 |
| COMPARISON TO SEPTEMBER |
| For sale | +6 | |
| Under contract | +4 | |
| Sold | +11 | |
| Sold median price | -27.97% |
| MARKET ABSORPTION |
| Market history | 1 month | 3 months | 6 months | 12 months |
| Closed transactions | 25 | 52 | 92 | 161 |
| Average sold per month | 25.00 | 17.33 | 15.33 | 13.42 |
| Homes currently for sale | 73 | 73 | 73 | 73 |
| Months supply on the market | 2.92 | 4.21 | 4.76 | 5.44 |
Beverly Hills single family home sales were up in October over the previous month. The median price was down, but the number of new homes coming on the market and the number of pending sales is up. Inventory is still low and the Beverly Hills real estate market favors sellers.
| Sellers Market | Balanced Market | Buyers’ Market |
| Less than 5 months | 5 to 7 months | More than 7 months |
| OCTOBER BEVERLY HILLS CONDO MARKET REPORT |
| # Homes | List/Sales Price | ||
| For sale | 40 | $499,000 to $13,200,000 | |
| Under contract | 22 | $290,000 to $1,799,000 | |
| Sold | 9 | $525,000 to $1,350,000 | |
| October sold median price | $798,000 |
| COMPARISON TO SEPTEMBER |
| For sale | +8 | |
| Under contract | +5 | |
| Sold | -2 | |
| Sold median price | -15.70% |
| MARKET ABSORPTION |
| Market history | 1 month | 3 months | 6 months | 12 months |
| Closed transactions | 9 | 30 | 71 | 120 |
| Average sold per month | 9.00 | 10.00 | 11.83 | 10.00 |
| Homes currently for sale | 40 | 40 | 40 | 40 |
| Months supply on the market | 4.44 | 4.00 | 3.38 | 4.00 |
The Brentwood condo market is a little slower than the single family market. Sales were down slightly and the median price was down over the previous month. There were 8 more new properties for sale and the months inventory still favors sellers.
Previous market reports
Beverly Hills Real Estate Half Yearly Market Report 2012
Beverly Hills Real Estate Market Report 1st Qtr 2012
Homes for sale in Beverly Hills
(Sample Listings)
Showing properties 1 - 10 of 113. See more Beverly Hills Homes for Sale.
(all data current as of 11/14/2012)
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$5,495,000 : 2229 SUMMITRIDGE DR, Beverly Hills7 beds, 8.0 baths
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$1,099,000 : 462 S LA PEER DR, Beverly Hills3 beds, 2.0 baths
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$4,599,000 : 1238 BENEDICT CANYON DR, Beverly Hills4 beds, 4.5 baths
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$12,995,000 : 406 ROBERT LN, Beverly Hills8 beds, 13.0 baths
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$2,899,000 : 1349 SCHUYLER RD, Beverly Hills3 beds, 3.75 baths
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$3,600,000 : 1266 BENEDICT CANYON DR, Beverly Hills5 beds, 4.5 baths
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$9,995,000 : 622 WALDEN DR, Beverly Hills5 beds, 7.0 baths
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$5,695,000 : 1246 LAGO VISTA DR, Beverly Hills5 beds, 5 full, 1 part baths
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$4,885,000 : 1262 SHADYBROOK DR, Beverly Hills4 beds, 4 full, 1 part baths
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$899,000 : 9551 CHEROKEE LN, Beverly Hills3 beds, 4.0 baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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