The Long & Foster Market Minute

Focus On: Beverly Hills Housing Market September 2021

Zip Code(s): 22305
Units Sold
13
Active Inventory
22
Median Sale Price
$715,000
Days On Market
20
Down
Vs. Year Ago
Up 22%
Vs. Year Ago
Up 4%
Vs. Year Ago
Up
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in September, with 13 sold this month in Beverly Hills Real Estate. This month's total units sold was lower than at this time last year, a decrease from September 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 4 units or 22%. The total number of active inventory this September was 22 compared to 18 in September 2020. This month's total of 22 is higher than the previous month's total supply of available inventory of 15, an increase of 47%.

Median Sale Price
Last September, the median sale price for Beverly Hills Homes was $690,000. This September, the median sale price was $715,000, an increase of 4% or $25,000 compared to last year. The current median sold price is 6% higher than in August.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
34
Current Contracts
23
Sold Vs. List Price
100.8%
Months of Supply
1.7
Up 42%
Vs. Year Ago
Up 77%
Vs. Year Ago
Down -1.1%
Vs. Year Ago
Up 59%
Vs. Year Ago

Months of Supply
In September, there was 1.7 months of supply available in Beverly Hills, compared to 1.1 in September 2020. That is an increase of 60% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 34 homes newly listed for sale in Beverly Hills compared to 24 in September 2020, an increase of 42%. There were 23 current contracts pending sale this September compared to 13 a year ago. The number of current contracts is 77% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Beverly Hills was 100.8% of the average list price, which is 1.1% lower than at this time last year.

Days on Market
This month, the average number of days on market was 20, higher than the average last year, which was 5. This increase was impacted by the limited number of sales.

The Long & Foster Market Minute Beverly Hills are defined as properties listed in zip code/s 22305.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.