New Weakness in New Listings for Beverly Hills Real Estate Market

The Beverly Hills market might be cooling off in the coming weeks. Sales fell this week to 19 homes sold over the last 30 days, and there is a budding downward trend in the number of new listings, with 18 going live in the same time frame. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. Potential buyers should note that prices are coming down in Beverly Hills, and for this period the median sales price slid from $2,685,000 to $2,195,000. Along with the slip in sales, a relatively high seven months of inventory indicates that Beverly Hills is a solid buyer's market.

Early bird gets the worm, so be sure to take a look at these new listings in Beverly Hills:

$2.6M   $6.3M   $1.3M  

Get started right now by checking out Beverly Hills homes for sale or reviewing Beverly Hills real estate trends.

Demographic facts about Beverly Hills:

  • The population is currently 34,109.
  • The safety rating in this area is 72. (Scale: 1 = Worst, 100 = Best)
  • The area's average commute to work is 26 minutes.

Data reported through 1/12/2017

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