Submarket Snapshot: Homes in Beverly Hills Post Office in Q1 2016

Average price of luxury residences dropped from previous quarter

Jun.June 30, 2016 05:00 PM

Beverly Hills’ prestigious Post Office district saw slowed luxury sales volume in the first quarter. There were 23 homes sold for more than $1 million, compared with 43 in the previous quarter, according to a report by the Agency. 

The residences sold for an average of $3.6 million, down from $3.9 million in Q4 2015. They traded for $946 a square foot, down from $1,009.

As of April, 85 homes were listed in 90210, with an average listing price of $7.4 million.

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