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The Real Deal Los Angeles

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

Average price of luxury residences dropped from previous quarter
A property listed at 12753 Mulholland Drive in Beverly Hills (via the Agency)

A property listed at 12753 Mulholland Drive in Beverly Hills (via the Agency)

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.