A Golden Opportunity: Beverly Hills and Bel Air Real Estate Market Thrives
Are you considering buying or selling a home in Beverly Hills or Bel Air? If so, now might be the perfect time to take the plunge! According to recent data, the real estate market in these luxurious California neighborhoods has been strong and active in the last three months.
In October 2022, the 90210-zip code saw 19 single-family homes sold, with an average sale price of $9,407,000 and an average DOM (days on the market) of 64. In November, the 90210-zip code saw an impressive 19 single-family homes sold, with an average sale price of $11,092,000 and an average DOM of 91. And in December, the 90210-zip code saw 16 single-family homes sold, with an average sale price of $6,070,000 and an average DOM of 79. These figures show that there is strong demand for high-end properties in Beverly Hills, with a solid absorption rate of 12.10% in October, 12.75% in November, and 13.44% in December.
But Beverly Hills is one of many places where the market has been hot. The 90077 zip code, including Bel Air, also saw a high activity level in the last three months. In October, there were 8 single-family homes sold in the 90077 zip code, with an average sale price of $6,360,000 and an average DOM of 60. In November, there were 13 single-family homes sold in the 90077 zip code.
The entire Westside region had 259 sold listings in October, 280 sold in November, and 227 sold in December, with an average DOM of 36, 41, and 42, respectively. The absorption rate for the Westside region was 20.37% in October, 22.91% in November, and 24.75 in December.
There were also significant price reductions in the Westside region in all three months, with 422 price reductions reported in October, 393 in November, and 283 in December. For example, the 90210-zip code had 51 price reductions in October, 41 price reductions in November, and 29 price reductions in December.Suppose you are considering buying or selling a property in Beverly Hills or Bel Air. In that case, it is essential to carefully consider your options and do your due diligence before making any significant decisions.
Consult with a local real estate agent or further research to better understand the current market conditions. Don’t miss out on the opportunity to own or sell a property in these luxurious neighborhoods – act now and make your real estate dreams a reality!
Are you ready to take the next step in your real estate journey? Beverly Hills and Bel Air are two of the most sought-after neighborhoods in California, and recent data suggests that the market in these areas has been strong and active in the last three months. Whether you’re looking to buy or sell a property, now is a great time to get in on the action.
Ready to make your real estate dreams a reality in Beverly Hills or Bel Air? Now is the time to act! The market in these sought-after neighborhoods has been strong and active, and with the help of Marc Anthony of Coldwell Banker Realty, you can secure the best possible deal on your dream home. Marc has the expertise and experience to guide you through the process and help you make informed decisions. Don’t miss out – call Marc today and take the first step towards owning or selling your property in Beverly Hills or Bel Air.