🏡 June 2024 Luxury Real Estate Market Update & Trends for Beverlywood 🌟
🏡 June 2024 Luxury Real Estate Market Update & Trends for Beverlywood 🌟
🔼 Avg Sales Price: $2.81 million, 📈 UP 25%
🔻 Avg List Price $2.28 million, 📉down 6%
🔻 Properties Sold: 3,📉 down 76%
🔻 Days on Market: 24 📆, 📉 down 17%
🔼 $/Sq FT: $1,148, 📈 UP 6%
Unlock the hidden wealth in your Beverlywood property! 🗝️💼 Curious about your home equity 💰? Thinking of buying in Beverlywood? 🏠🌴 Let's chat! Send a DM or call us at 📱 310-777-6342 for expert insights!
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Welcome to our June 2024 real estate market update for Beverlywood, one of Los Angeles' most charming and sought-after neighborhoods. Recently highlighted in the Wall Street Journal as one of the top neighborhoods in LA, Beverlywood offers a perfect blend of tranquility, community spirit, and proximity to the luxurious amenities of Beverly Hills. Let's dive into the latest market trends and insights for this delightful area.
Market Overview
Beverlywood is characterized by its quiet residential streets, a strong sense of community, and a mix of traditional and modern homes. It is centered around the Beverlywood Homeowners Association, with home prices typically ranging from $3 million to $14 million. Here’s a snapshot of the market activity for June 2024:
- Average Sales Price: The average sales price in Beverlywood is $2.81 million, reflecting a significant 25% increase compared to the previous 90 days. This surge indicates a robust demand and appreciation in property values in the area.
- Average List Price: The average list price is $2.28 million, showing a 6% decrease. This suggests that sellers are pricing competitively to attract buyers in a dynamic market.
- Properties Sold: Only three properties were sold in June, a dramatic 76% decrease from the previous period. Despite the lower number of transactions, the high demand and reduced market times highlight the competitive environment.
- Days on Market: Homes in Beverlywood spent an average of just 24 days on the market, marking a 17% decrease. This rapid turnover underscores the desirability of Beverlywood properties.
- Price Per Square Foot: The price per square foot has risen by 6% to $1,148, demonstrating the premium that buyers are willing to pay for homes in this prime location.
Why Beverlywood?
Beverlywood is a hidden gem located directly south of Beverly Hills. It offers the luxury and convenience of being close to Beverly Hills without the hefty price tag. The neighborhood boasts a mix of architectural styles, lush greenery, and a family-friendly atmosphere, making it an ideal place to call home.
Unlock the Hidden Wealth in Your Beverlywood Property
Are you curious about your home equity or thinking of buying in Beverlywood? Our team of expert real estate agents is here to provide you with the insights you need. We can guide you through the various opportunities within Beverlywood 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
Beverlywood continues to be a prime location for luxury real estate, offering a unique blend of community, tranquility, and upscale living. 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 competitive market and make informed decisions.