Beverly Hills

When planning to invest in Beverly Hills Homes, it is important to understand the Market Trends and Market Demand of Beverly Hills Homes for sale. 

Over the past year, approximately 57 homes have been sold in Beverly Hills in the range of $2,962,000. A lot of people do end up questioning, is the Beverly Hills Housing Market hot? No, it isn’t a competitive market, it stands at 21 out of 100, and it’s pretty rare if there are any multiple offers. Eventually, the average number of homes get sold is approximately 3% below the listed price and goes for pending up to 58 days.

Real Estate Statistics

Average Price $6.2M
Lowest Price $1.9K
Highest Price $126M
Total Listings 590
Avg. Days On Market 107
Avg. Price/SQFT $900

Property Types (active listings)

Beverly Hills

But at the same time, hot Beverly Hills homes end up selling for approximately 2% above the price they were listed, and they end up pending for 33 days. Compared to nearby cities such as Los Angeles and Long Island, they are pretty competitive and stand at 59 and 65.

The demand of the Beverly Hills Market has been divided into different categories, such as Beverly Hills homes for sale on the list price, then some Beverly Hills homes are sold above the list price, and then homes in the Beverly Hills whose prices drop.

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