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Median Sold Price for Single Family Residences in Beverly Hills,CA, 2013

Posted on Jan 14, 2014 by in Active Rain | 0 comments

Median Sold Price for Single Family Residences in Beverly Hills CA for the year 2013

Enclosed below you will find the chart which clearly breaks down month by month the numbers. As you can see this is not a fluke but a solid increase.  December 2013 the Median Sold Price was $635,000.00 in Beverly Hills, CA. December 2013 the Median Sold Price was $779,000.  As you can see on the Chart since May of 2013 it has been a steady increase.

 Beverly Hills Median Sold Price by Month 2013, Endre Barath

Hence it is clear that the Median Sold Price increased by $144,000.00. This is an increase of 23%. So the answer is clear the buyers who were willing to step into the market in 2012 have an average increase of their home values by 23%. I would say that is an impressive figure.

Keep in mind this increase was due to a number of reasons: 1. Foreign Investors understood that the Beverly Hills, CA market was undervalued and they were willing to buy. 2. This followed by local Investors who saw the opportunities as well and 3. The regular buyers who wanted to call Beverly Hills their home saw a window of opportunity to step into the market.

Naturally the above three reasons, coupled with little inventory drove the price point up. So with that said if you are considering buying in Beverly Hills reach out to me directly for a buying strategy. On the other hand if you are considering selling feel free to reach out to me for a Free Market Analysis.

 

If you are considering buying or selling a luxury home, an ultra 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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