Beverly Hills Housing Market Recap
Below is the current home activity for sale in Beverly Hills for single family residences in the past 30 days.
There are currently 234 active Beverly Hills homes for sale in a huge price range from $465,000-$68,500,000 in which only 6 of these are Short Sales.
There are also 3 homes listed as Short Sales, but they are in backup offers ranging from $549,000-$2,200,000. In the case of a backup offer, this usually means that the seller is allowing backup offers to be submitted on the property, while the lien holder(s) is pending approval. There is also 1 home in backup offer status that is a standard sale.
Additionally, 35 homes are in pending status and are scheduled to close in escrow. These range from $504,950-$7,999,999 at their list prices.
In the past 30 days, there were 14 homes in Beverly Hills that sold. These homes ranged from $1,085,000-$12,999,999 and had an average sale price per sq.ft. of $625. The homes averaged 120 days on the market and sold at 91% of their sale price over their list price.
I will continue to keep you connected with the real estate market in this community. Stay tuned or subscribe for future blog posts.
Side note: Beverly Hills is a full-service community (police, fire, water treatment, refuse collection, building inspections, and others) which are provided directly by the City. Beverly Hills has its own school district with a reputation for some of the best schools in the nation.
Beverly Hills is the most expensive housing market in the United States with a median home price of over $2.2 million. These homes range from the extravagant and luxurious in size, to the more elegant and modern homes, and then to the many small duplex rental units and detached homes with less than 2,000 sq ft.
Would you consider living in Beverly Hills?
If I can be of any assistance to you in buying or selling your home, please contact me.
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