In the first 5 days of June, the Beverly Hills real estate market seems to be reawakening with 11 new listings and 3 closed sales. For the entire previous month of May, in the midst of the pandemic, Beverly Hills home sales registered an expected significant downturn with a total of 65 new listings and 14 sales in the 5th month of the year.
Check out Wende’s most current Market Snapshot for Beverly Hills here:
The Beverly Hills average selling price in April was $2,413,125, down approximately 51% from the previous April. The number of sales was also down almost 51%, year to year, from 35 in 2019 to 17 in 2020. Average List Price to Sale Price Ratio was more fairly steady at 95%, registering a slight decrease of under 2%. For more details on April listings and sales, click the link below:
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Source: CRMLS, The MLS