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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 $ 9,850,000 8500 acre 6.0 7.0 22 69 0 1 240 Most expensive 25% of properties
0.25 - 0.50
Upper/Second $ 4,282,500 5236 acre 5.0 5.2 52 70 5 3 194 Upper-middle 25% of properties
0.25 - 0.50
Lower/Third $ 2,495,000 3614 acre 4.0 4.0 50 70 6 3 179 Lower-middle 25% of properties
6,501 -
Bottom/Fourth $ 1,350,750 2356 8,000 sqft 3.0 2.8 59 70 1 5 172 Least expensive 25% of properties
Median Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of
this trend.
Quartile Prices
Most of the market segments are showing price weakness lately. Notice however, that Quartile 4 at the low-end of the market is
still on an up-trend. Often this condition happens in markets where demand has fallen (for example, due to micro-location
variables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.
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 196 days. Half of the listings have come newly on the market in the
past 140 or so days.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.50 - 1.0
Top/First $ 11,935,000 8830 acre 6.0 7.2 20 60 0 1 249 Most expensive 25% of properties
0.50 - 1.0
Upper/Second $ 4,997,000 5491 acre 5.0 5.5 54 60 4 2 178 Upper-middle 25% of properties
0.25 - 0.50
Lower/Third $ 2,989,500 4000 acre 4.0 4.5 50 60 3 3 225 Lower-middle 25% of properties
0.25 - 0.50
Bottom/Fourth $ 1,495,000 2650 acre 3.0 3.0 50 61 3 6 167 Least expensive 25% of properties
Median Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index
before we see prices move from these levels.
Quartile Prices
In the quartile market segments, we see most of this zip code is showing price weakness lately. Notice however, that Quartile 4
at the low-end of the market is still on an up-trend. Often this condition happens in markets where demand has fallen (for
example, due to micro-location variables) but supply is still relatively short. Buyers are focusing on the lowest price homes in
the area.
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 204 days. Half of the listings have come newly on the market in the
past 147 or so days.