Beverly Hills Post Office Residential Real Estate Market Snapshot for February 2022 Christophe Choo
Beverly Hills Post Office Residential Real Estate Market Snapshot for February 2022.
Average sales price: $6.88 million 💰
Average list price $8,500,000 💰
Average days on market 49 📈
12 homes sold. 🏠
Average price per square foot $1265 📏
Christophe Choo is in the top 1% of brokers internationally with 32 years of experience as the President of the Christophe Choo Real Estate Group at Coldwell Banker Global Luxury Real Estate in Beverly Hills. The #1 producing office in the United States for 24 years and the most comprehensive source for luxury real estate listings, from estate homes to luxury condominiums, incredible tear-down opportunities, and investment properties. Christophe was voted as the #1 Real Estate Video Influencer for North America in 2018.
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Hi, this is the residential
real estate market snapshot
for Beverly Hills Post Office 90210,
here in the city of L.A..
What is the Beverly Hills Post Office?
It's an area just north
of the city of Beverly Hills,
but technically in the Los Angeles area.
That's why it's called Beverly
Hills Post Office 90210.
You get the Beverly Hills address 90210.
But you're part of the city of L.A.,
not the city of Beverly Hills.
So little different pricing
than in the city of Beverly Hills.
And essentially, it's
from about a mile north
of Sunset Boulevard
to Mulholland Drive on the North
Bel Air to the west
in the Hollywood Hills to the East.
So that's kind of the general demographic
or graphics of that area.
So what's going on
in the residential market?
So the average sales price
right now is $6.88 million
and that's down about 3%
from the previous quarter.
The current average list
price is $8.51 million and it's down
about 24% from the previous quarter.
sold in the month of February, down
about 18% from the prior quarter.
And right now, the average days on
the market is about 49 days.
That's down significantly by 42%,
which is very interesting.
The sales price right now
is an average of $1265
per square foot.
There have been some sales
as high as 2500-3500
but that's down about 4%.
So that's the current
snapshot in this area.
It's a wonderful community.
So you don't pay quite the prices
of Beverly Hills City.
You get L.A.
city services and you can get
some really fantastic views
if you've got the right location
because you're up in the hills
overlooking all of L.A.
and Beverly Hills.
Christophe Choo Luxury Real Estate Series - Beverly Hills & Los Angeles https://www.ChristopheChoo.com