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🏡 June 2024 Luxury Real Estate Market Update & Trends for the Beverly Hills Post Office! 🌟

🏡 June 2024 Luxury Real Estate Market Update & Trends for the Beverly Hills Post Office! 🌟

By Christophe Choo Posted Jul 08, 2024 Latest Updates, Market Activity, Real Estate Advice for Buyers & Sellers, Videos

🏡 June 2024 Luxury Real Estate Market Update & Trends for the Beverly Hills Post Office! 🌟

🔻 Avg Sales Price: $3.99, 📉 down 37%

🔻 Avg List Price $13.02 million, 📉 down 7%.

🔻 Properties Sold: 5, 📉 down 44%.

🔻 Days on Market: 30 📆,📉 down 53%

🔻$/Sq FT: $1,016, 📉 down 11%

Unlock the hidden wealth in your Beverly Hills Post Office property! 🗝️💼 Curious about your home equity 💰? Thinking of buying in BHPO? 🏠🌴 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 luxury real estate market update for the Beverly Hills Post Office area, affectionately known as BHPO. This exclusive neighborhood offers the prestige of a Beverly Hills address, combined with the privacy and expansive open spaces reminiscent of the Hollywood Hills. Featuring grand estates, often with panoramic views, BHPO provides better pricing than the City of Beverly Hills, making it an attractive option for luxury homebuyers. Let’s dive into the latest market trends and statistics for this remarkable area.

Market Overview

In June 2024, the average sales price in BHPO dropped by 37%, bringing it to $3.99 million. This significant difference compared to the City of Beverly Hills highlights the value BHPO offers. The average list price in the area stands at $13.02 million, down about 7% from the previous 90 days. This adjustment reflects a more competitive market, giving buyers an excellent opportunity to invest in luxury at a reduced price.

Properties Sold and Market Time

In June, only five properties were sold in BHPO, a decrease of 44% from previous months. This dip in sales volume indicates a more selective market. However, the average days on market has significantly decreased by 53%, now averaging just 30 days. This shorter market time suggests that well-priced homes are quickly capturing buyers' attention.

Price Per Square Foot

The average price per square foot in BHPO is now $1,016, down 11%. This compares favorably to the $1,400 per square foot in the City of Beverly Hills, emphasizing the value and affordability of properties in BHPO. Buyers can enjoy almost the same prestigious address and proximity to the city's amenities at a much lower price.

Why Choose Beverly Hills Post Office?

BHPO offers a unique blend of luxury, privacy, and value. The area’s grand estates, often featuring panoramic views, provide a serene and expansive living environment. With better pricing than the City of Beverly Hills, BHPO is an ideal choice for those seeking a prestigious address without the premium price tag. Whether you are looking for a private retreat or a spacious family home, BHPO presents an exceptional opportunity.

Unlock Your Property’s Potential

Curious about the hidden wealth in your BHPO property? Wondering about your home equity or thinking of buying in this exclusive area? Our team of expert real estate agents is here to provide you with the insights you need. Contact us at 📱 310-777-6342 or send us a DM for personalized advice and market analysis.

Bottom Line

The Beverly Hills Post Office area continues to offer unparalleled luxury and value, despite fluctuations in sales prices and market activity. Whether you’re looking to buy or sell, understanding the current market trends and leveraging expert insights is crucial. Connect with a reliable real estate agent to navigate this unique market and make informed decisions.

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