🏡 December 2023 Luxury Real Estate Market Update & Trends for Cheviot Hills – Rancho Park 🌟
🏡 December 2023 Luxury Real Estate Market Update & Trends for Cheviot Hills - Rancho Park 🌟
🔻 Avg Sales Price: $3.13 million, 📉 down 26%
🔻 Avg List Price $3.09, 📉 down 8% Room for Negotiation!
🔻 Properties Sold: 3, 📉 down 50%
🔼 Days on Market: 113 📆, 📈 UP 113%
🔻 $/Sq FT: $954, 📉 down 9%
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As we bid farewell to December, let's take a closer look at the real estate market in Beverly Hills and its neighboring areas, Cheviot Hills and Rancho Park. Known for their lush landscapes, including the popular Rancho Park Golf Course and the prestigious Hillcrest Country Club, these neighborhoods offer a unique blend of luxury and accessibility.
Cheviot Hills and Rancho Park: A Snapshot of Accessibility and Luxury
Situated southwest and west of Beverly Hills, Cheviot Hills and Rancho Park serve as beautiful residential havens. With an abundance of businesses, shopping, and recreational opportunities, they represent an appealing blend of urban convenience and suburban tranquility.
Market Trends: A Closer Look at the Numbers
In December, the real estate market in these areas saw some intriguing trends. The average home price in Cheviot Hills and Rancho Park was around $3.13 million, marking a significant decrease of about 26% from the previous 90 days. This adjustment in prices may signal a shift in the market, potentially opening doors for buyers looking for more reasonable prices in the Los Angeles area.
Living in Cheviot Hills and Rancho Park: The Best of Both Worlds
For those who dream of living in Los Angeles but seek a balance between the hustle and bustle of city life and the serenity of suburban living, Cheviot Hills and Rancho Park might just be the perfect fit. These neighborhoods offer the charm and comfort of residential living, coupled with easy access to all the amenities one needs.
Conclusion:
As we step into a new year, keep an eye on Cheviot Hills and Rancho Park. These areas, with their proximity to Beverly Hills, offer a unique opportunity to experience the luxury and lifestyle of one of LA's most coveted regions, but with a more approachable twist in the real estate market.