The Average Days on Market by Month for SFR has increased by 3% in Beverly Hills,CA
The Average Days on Market by Month for Single Family Homes has increased by 3%, in Beverly Hills, CA. Most people get a bit concerned when days on market increase. Now keep in mind In December 2013 the Average Days on Market was about 103 days. This is quite impressive considering the Median for Sale Price for a Single Family Residence in December 2013 was $6,495,000.00 and in December 2014 the Median for Sale Price for a Single Family Residence in Beverly Hills was $7,891,500.00 this is an increase of 22%. So it is understandable that the Average Days on Market went to 106 days. Hence if you look at the entire picture it is virtually a negligible increase. Hence it is important to look and factor in all the variables and not to make a fast but potentially wrong decision.
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 or firstname.lastname@example.org or visit one of my websites at http://www.endrebarath.com. I am a pet friendly realtor and I contribute a portion of my commissions to local animal rescue organizations.