Beverly Hills, CA: How is the Luxury Real Estate Market?
Beverly Hills, CA: How is the Luxury Real Estate Market?
It has been a while, since “Real Estate Market Questions” were the topic of Dinner conversations and cocktail party discussions. First and foremost I am gratefully that this subject is part of the conversation againJ. It was not that long ago when it was a non subject.
Since numerous people local and out of area have asked me this question: How is the Luxury Real Estate Market in Beverly Hills? I felt it was time for me to write a Blog Post about it, so the rest of the people who are interested can find out.
Keep in mind I have been saying now for quite a while, that the real estate market is back at full speed. So let us look at the Luxury Single Family Residence Activity in Beverly Hills. This is strictly inside Beverly Hills Proper only, i.e.: these homes have the privileges of being in the Beverly Hills School System. (The next time, I will write about the BHPO the area that has the coveted 90210 zip code but not the privileges of being in the school system)
Currently as of May 26th, 2013 there are 69 homes that are Active on the Market. The highest priced luxury home is listed at $38,000,000. The least expensive home is listed at $1,050,000.00. Should you be interested in buying a home in Beverly Hills, or selling your home? I can assure you it will fall between this price brackets.
There are 19 homes accepting Back-Up Offers and they are listed between the high of $13,995,000 to a low of $1,200,000.
There are 19 home that are in Pending Status and the bracket that they fall into are: the high of $11,995,000 to the low of $1,050,000.
The most interesting Statistic is the Sold Numbers. Year to date 56 homes have SOLD in BEVERLY HILLS CA. Now if we break the numbers down it becomes even more interesting:
1. January there were 5 sales
2. February there 5 sales as well
3. March the numbers have increased to 14
4. April in increased to 17
5. Now we are in May and we are at 14 already
Should you be interested in a more detailed analysis please reach out to me privately and I will be happy to provide you with a more detailed explanation.
If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or 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 give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.
