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Breaking News:There are interesting Market Trends in Beverly Hills

By
Real Estate Agent with Berkshire Hathaway HomeServices California Properties 01238708

The Beverly Hills Single Family Market Report in a different format than what you are used to seeing from me.

Clearly you can see that the tide is turning for active properties now let us see what it did to the rest of the statistics..

 

As you can see it had an effect on the Median Days on Market too. There is more inventory to choose from and it takes longer to sell the homes.

Not surprisingly it has an effect on the Sales Price as well:

I have heard people complaining that the activity slowed a bit. What do I attribute this to? Clearly all the hupala about the elections. People are becoming cautious. If you have other ideas please share with us here in this post.

Needless to say this has also had an impact on the closed sales statistics. I am not surprised.

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 at310.486.1002 (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

 

 

Comments (5)

Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Endre - Nice market report. It will be interesting to see if this turns into a trend or is just a hiccup.

Jun 05, 2016 07:33 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Dick Greenberg  absolutely that is a question we are looking at closely, I find it takes about three months to get a true sense of the trends. Will have to do a more detailed look and probably post another market report analyzing it closer, Endre

Jun 05, 2016 09:52 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Endre- interesting market trends for Beverly Hills.  What I like is that you offered your reason for why the market may have turned this way. 

Jun 05, 2016 09:56 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kathy Streib  thank you for stopping in and glad you liked my analysis, Endre

Jun 05, 2016 02:05 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Endre -- in certain segments of the market, we are seeing increased inventory as well as more price reductions(and quicker too).   For those looking to move in Beverly Hills, you provide the incentive to contact you for the latest news.  

Jun 05, 2016 11:18 PM