A Market snap shot for Beverly Hills, CA 90210. Seldom do I write Market Snap Shots. Now with that said I have been asked more than the usual times: How is the Beverly Hills, CA 90210 Market doing?
My favorite platform is Altos Research to get up to date information, or the Multiple Listing Service (MLS) Statistics. Keep in mind the information from Altos includes 'off market' transactions too, hence it gives a better picture than just the MLS statistics.
So with that said: Sun May 01 2022
This week the median list price for Beverly Hills, CA 90210 is $13,700,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has increased to 122.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
I continue to see prices in the 90210 Zip Code bounce around these current levels. Look for a persistent change in the Market Action Index before I anticipate prices to deviate significantly from here. Hope you found this Market Report interesting and educational.
IF you are ready to buy or sell please reach out to me directly for a consultation.
Wishing you a safe and healthy life and I look forward to your comments. 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) 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. Endre Barath, Jr. Realtor at Berkshire Hathaway HomeServices California Properties DRE#01238708
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