Submarket Snapshot: Homes in Beverly Hills in Q1 2016

Los Angeles /
May.May 10, 2016 04:49 PM

In Beverly Hills, the sales volume for single-family homes valued at over $1 million advanced by one third during the first quarter, according to a luxury real estate report by the Agency. There were 40 luxury homes sold. 

The average sale price dropped 8 percent when compared with the same period a year ago, to $5.50 million.

Median sale price remained steady around $4.27 million, while average valuation dropped 3.7 percent from a year ago, to $1,295 a square foot.

There were 29 condos sold during the first quarter, the same amount sold in the first quarter of 2015.


Related Articles

arrow_forward_ios
Haim “Milo” Revah and the property at 705 N. Alta Drive in Beverley Hills (Redfin, Getty)
Foreclosed Beverly Flats home listed for $22M
Foreclosed Beverly Flats home listed for $22M
Clockwise from top left: Harrison Street CEO Christopher Merrill, 2825 Santa Monica Boulevard, Stockdale Capital Partners' Steven Yari and Shawn Yari and 9090 Wilshire Boulevard (Harrison Street, Stockdale Capital Partners) 
Harrison Street buys Westside medical offices for $156M
Harrison Street buys Westside medical offices for $156M
Roy Eddleman and exterior of Villa Firenze (University of California Irvine, Zillow)
Villa Firenze listed for $120M
Villa Firenze listed for $120M
Frank Zarabi of Fam Brands and 419 Robert Lane (Fam Brands, Redfin)
Fashion entrepreneur Frank Zarabi sells Wallace Neff-designed mansion for $19M
Fashion entrepreneur Frank Zarabi sells Wallace Neff-designed mansion for $19M
Spring Place's Christian Toraldo Spring Place in Beverly Hills (Twitter, Spring Place)
Beverly Hills co-workspace faces sanctions on charges of hard partying
Beverly Hills co-workspace faces sanctions on charges of hard partying
 Gary Friedman with 1360 Summitridge (Getty, Aaron Kirman Group)
RH Chief Gary Friedman sells Beverly Hills estate
RH Chief Gary Friedman sells Beverly Hills estate
Alan Salzman with the property (Vantage Point Capital Partners, Hilton & Hyland, iStock)
Investor Alan Salzman’s Beverly Hills mansion under contract
Investor Alan Salzman’s Beverly Hills mansion under contract
Select properties from Redwood Urban (Redwood Urban, iStock)
Redwood Urban scores refi on Beverly Hills, Hollywood, Long Beach apartments
Redwood Urban scores refi on Beverly Hills, Hollywood, Long Beach apartments
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...