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BLOG: Beverly Hills Real Estate Snippet Through May 2012

Like many other areas of Los Angeles, and in fact around the country, inventory is low. Buyers are out there but the homes are not.

Posted Wed, Jun 6, 2012 at 12:44 am PT|Updated Thu, Jun 7, 2012 at 7:53 am PT

Beverly Hills Homes Under $2 Million
Sold: 8
Median Price: $1.210M
Avg. Price Per Sq. Ft: $638.16
Active: 13
In Escrow: 13

Beverly Hills Homes $2 to $5 Million
Sold: 19
Median Price: $3.450M
Avg. Price Per Sq. Ft: $816.12
Active: 30
In Escrow: 10

Beverly Hills Homes $5 to $10 Million
Sold: 16
Median Price: $6,562.5M.
Avg. Price Per Sq. Ft: $1,021.94
Active: 31
In Escrow: 3

Beverly Hills Homes Over $10 Million
Sold: 5
Median Price: $17M
Avg. Price Per Sq. Ft: $1,037.68
Active: 22
In Escrow: 2

Beverly Hills Condos Under $2 Million
Sold: 51
Median Price: $790K
Avg. Price Per Sq. Ft: $455.79
Active: 43
In Escrow: 25

Beverly Hills Condos Over $2 Million
Sold: 3
Median Price: $10.5M
Avg. Price Per Sq. Ft: $2,311.58
Active: 3
In Escrow: 1

With the exception of single family homes over $5 million, there is less than six months of inventory.

Beverly Hills home sellers are very much in demand.

In May, seven new homes came on the market under $5M and 14 over $5M.