Beverly Hills Real Estate Median Sales Prices Increased Year-Over-Year
Demand continues for properties within Los Angeles’ luxurious city of Beverly Hills.
According to Rodeo Realty’s Real Estate Market Snapshot for Beverly Hills, though the number of home sales is down compared to June 2022, the median sales prices have increased since this same time last year.
There were 34 sales this June 2023, compared to 36 sales in June 2022. A decrease of 5.56% year-over-year.
The number of new properties listed for sale in June decreased 15.79% year-over-year, from 76 to 64. The average days on the market also decreased by 10.34%, from 58 to 52 days.
The median sale prices increase by 5.67% from $2,911,275 to $2,755,000. The average sales price decreased 2.59% across all property types year-over-year.
The median list price increased 13.48% for sold listings, from $2,949,999 to $2,599,500. The average list price increase for sold listings increased by 0.19% year-over-year.
This Market Report has been provided by
Joe Babajian, Rodeo Realty
LuxuryHomes.com Affiliate
Source:
Market Report Beverly Hills (City) June 2023 – Rodeo Realty – www.rodeore.com