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The Beverly Hills Supply & Demand by months is down respectively 11 % & 15%!

Posted on Jan 5, 2015 by in Beverly Hills Market Reports | 0 comments

BH Supply & Demand by Month

The Beverly Hills Supply & Demand by months  statistics are down respectively 11% & 15%. Clearly something that would be a Headline for the Los Angeles Times. now let’s look at these numbers closer. December 2014 there were 94 Single Family Homes on the Market in Beverly Hills Proper. Now December 2014 there were 84 Single family homes on the market. Not that big of a  difference. The let us look at the Average Days on the Market that increase from 219 days to 230 days.. That seems to be a little more significant, but not something to be concerned. Now let us look at the Sold # of Properties. It turns out in  December 2013 there were 13 Single Family Residences that Sold. so the reality is, yes the statistics say 15% decrease,  but the actual reality is I that n December 2014  there were 11 properties that sold. Not that big of a difference if you asked me. At the same time let us not forget that there has been a median price increase of about $600,000. That in my mind puts things in perspective. Hence with the increase in prices this is not that big of a deal.

 

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 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 commissions to local animal rescue organizations.

 

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