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Beverly Hills, CA Market Snapshot of the 90210 zip code...

By
Real Estate Agent with Berkshire Hathaway HomeServices California Properties 01238708

Beverly Hills, CA Market Snapshot of the 90210 zip code... as most of you who read my posts regularly seldom do I write Market Reports. This time I thought it would be appropriate since so many of my readers have been asking what is going in in the most famous zip code aka the 90210 zip code. As most of you also know I like using the ALTOS Research statistics and charts because they are accurate to the minute. Now with that said let's look at the real estate market.

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Thu Sep 07 2023
This week the median list price for Beverly Hills, CA 90210 is $10,625,000 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has increased to 152.

 

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Slight Buyer's Advantage

While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

 

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

 
 

 

 

 

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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

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Endre the median home price and median rent is amazing to me.

Sep 07, 2023 05:13 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

George Souto  check out the market segments, I was fixing it while you commented:)Endre

Sep 07, 2023 05:20 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Endre,

As noted before, I am very familiar with the Altos reports. I noticed that the market has shifted to a slight buyer advantage. If these interest rates keep moving higher, I am concerned that the market will see a real reversal. The Sedona market has been dropping since May. It is now at 32.  

Sep 07, 2023 07:00 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Sheri Sperry - MCNE®  I anticipate for the next 12 months or so we might be hovering in the mid 8% for interest rates. Not sure if that will make a huge difference...I suspect it will depress the prices a bit but not dramatically, Endre

Sep 07, 2023 09:25 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I am glad that you keep us updated on the market in 90210 since all that I know about it is what I learned from the tv show that I used to watch, haha.

Sep 08, 2023 05:14 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

A slight buyer's advantage is good news for buyers and I'm with George Souto - the prices are totally different than my area!

Sep 08, 2023 05:27 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning chef Endre,

It still is mind blowing to see the median home price and median rent....I guess something had to give. Moving to a buyers market will definitely prevent prices from soaring but might be good to have a some normalcy return

Sep 08, 2023 05:44 AM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning Endre. This fewest guy has to sit down and catch his breath after a quick look at these numbers. It puts whole new meaning into California Dreaming! Thanks for the update. Enjoy your day.

Sep 08, 2023 06:14 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Endre... as you know, I find your market fascinating... don't think I'll ever see numbers like that in the Charlotte market.

Sep 08, 2023 07:25 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Brian England  glad you find this market snapshot reader's worthy, remember I pay referral fees for your relocation clients, Endre

Sep 08, 2023 09:10 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

 Endre, Do you think the slight shift towards a buyer's advantage will change anything within your price ranges?

Sep 08, 2023 09:58 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

You know I love seeing your market reports, Endre! Kudos for putting the 90210 market report together.

I do love the Altos Real Time Market Profile. Remind me to tell you a little history with Altos and why I am a user for-life! 

Sep 08, 2023 11:19 PM
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, SFR®, e-PRO®, GRI, AHWD, REALTOR®

Endre Barath, Jr.

The famous 90210 is turning into a buyers market, very interesting report. By the way, I like your sign on the steep hill. "Mountain Land Realtor"

Sep 09, 2023 05:20 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

The 90210 zip code is a vert desirable area still and a very memorable one for many. Your market report backs that up. Happy sales, Endre!

Sep 09, 2023 07:48 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

The home buyers and sellers in Beverly Hills are sure to value your real estate market report, Endre.

Sep 10, 2023 04:38 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

The market is definitely shifting but we need buyers to hear the message now

Sep 12, 2023 03:53 AM