🏡 June 2024 Luxury Real Estate Market Update & Trends for Bel Air – Holmby Hills 🌟
🏡 June 2024 Luxury Real Estate Market Update & Trends for Bel Air - Holmby Hills 🌟
🔼 Avg Sales Price: $6.41 million, 📈 UP 6% It’s a hot market!
🔼 Avg List Price $21.55 million, 📈 UP 10%
🔻 Properties Sold: 9, 📉 down 13%
🔻 Days on Market: 51 📆, 📉 down 29%
🔼 $/Sq FT: $1,237, 📈 UP 12%
Unlock the hidden wealth in your Bel Air - Holmby Hills property! 🗝️💼 Curious about your home equity 💰? Thinking of buying in Bel Air - Holmby Hills? 🏠🌴 Let's chat! Send a DM or call us at 📱 310-777-6342 for expert insights!
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Welcome to the latest update on the luxury real estate market for Bel Air - Holmby Hills, one of the most exclusive and prestigious areas in Los Angeles. Known as part of the Platinum Triangle alongside Beverly Hills, these neighborhoods represent the pinnacle of luxury living with sprawling estates set in serene, picturesque surroundings. Let's dive into the June 2024 market trends and see what's happening in this iconic area.
Market Overview
As of June 2024, the average sales price in Bel Air - Holmby Hills stands at $6.41 million, reflecting a 6% increase from previous months. This diverse market offers homes starting from around $2 million to as high as $180 million, catering to a wide range of luxury buyers. The average list price has also seen a rise, now at $21.55 million, up 10%.
Properties Sold and Market Time
In June, nine properties were sold in Bel Air - Holmby Hills, which is a 13% decrease compared to the last 90 days. Despite this dip, the market remains vibrant and competitive. The average days on market (DOM) for properties in this area is currently 51 days, showing a slight increase but still indicating a relatively brisk market pace for high-end homes.
Price Per Square Foot
The average price per square foot has risen by 12% to $1,237. This figure places Bel Air - Holmby Hills between Beverly Hills Post Office and Beverly Hills in terms of pricing, showcasing its appeal and value in the luxury market.
Why Bel Air - Holmby Hills?
Bel Air - Holmby Hills offers a unique blend of privacy, exclusivity, and luxury. With its wide range of property prices and stunning estates, it's an ideal location for those looking to invest in high-end real estate. The serene settings and proximity to Beverly Hills' amenities make it a sought-after destination for discerning buyers.
Unlock the Hidden Wealth in Your Property
Are you curious about your home equity or thinking of buying in Bel Air - Holmby Hills? Our team of expert real estate agents is here to provide you with the insights you need. We can guide you through the various neighborhoods within Bel Air and Holmby Hills to help you make the best decision for you and your family. Contact us at 📱 310-777-6342 for personalized advice and detailed market analysis.
Bottom Line
Bel Air - Holmby Hills continues to be a prime location for luxury real estate, offering unparalleled exclusivity and value. Whether you're buying or selling, understanding the current market trends and leveraging expert insights is crucial. Connect with a knowledgeable real estate agent to navigate this prestigious market and make informed decisions.