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MARKET UPDATE
BEVERLY HILLS, CA
90210
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City Overview Single Family Homes in
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.50 - 1.0
Top/First $ 10,750,000 8510 acre 6.0 8.0 24 69 4 0 215 Most expensive 25% of properties
0.25 - 0.50
Upper/Second $ 4,497,000 5365 acre 5.0 5.5 51 70 6 1 161 Upper-middle 25% of properties
0.25 - 0.50
Lower/Third $ 2,425,000 3341 acre 4.0 4.0 51 70 7 1 160 Lower-middle 25% of properties
8,001 -
Bottom/Fourth $ 1,424,500 2087 10,000 sqft 3.0 2.5 61 70 5 1 155 Least expensive 25% of properties
Median Price
This week prices bumped up a bit but the trend of recent weeks is generally downward. The Market Action Index is a good
leading indicator for the durability of this trend.
Quartile Prices
Prices in the upper-half of the market (Quartiles 1 and 2) have been showing weakness recently while the lower-half prices have
remained strong. These convergent trends cannot continue indefinitely, so look to the Market Action Index Quartile breakdown
to see which group will change direction.
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized
by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function
of the current rate of sale versus current inventory.
Days on Market
The properties have been on the market for an average of 173 days. Half of the listings have come newly on the market in the
past 84 or so days.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.50 - 1.0
Top/First $ 12,247,500 9163 acre 6.0 8.0 24 60 4 0 208 Most expensive 25% of properties
0.50 - 1.0
Upper/Second $ 4,995,000 5522 acre 5.0 5.5 51 61 5 1 175 Upper-middle 25% of properties
0.25 - 0.50
Lower/Third $ 2,995,000 4366 acre 4.0 4.5 48 61 4 0 193 Lower-middle 25% of properties
0.25 - 0.50
Bottom/Fourth $ 1,495,000 2219 acre 3.0 2.8 54 61 6 2 168 Least expensive 25% of properties
Median Price
While this week the median price in this zip code didn't fluctuate much, we are relatively close to the market's high-water mark.
Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength
subsiding.
Quartile Prices
In the quartile market segments, we see the upper-half of the market (Quartiles 1 and 2) in this zip code relatively flat recently
while the lower-half prices have remained strong. Quartiles 3 and 4 have been increasing in the last few weeks. Look to the
Market Action Index Quartile breakdown for a leading indicator on which group will lead the market in the near future.
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized
by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function
of the current rate of sale versus current inventory.
Days on Market
The properties have been on the market for an average of 186 days. Half of the listings have come newly on the market in the
past 98 or so days.