March 24, 2008

Condo Sales Flat in BevHills Flats

A couple of weeks ago, I wrote about how Beverly Hills 90210 had thus far managed to escape the housing slump.  Today, I took a look at the other two Beverly Hills ZIP codes:  90211, which I’ll call east Beverly Hills Flats, and 90212, west BHF.

The Flats has a high concentration of rentals, so overall there isn’t that much for sale here.  That said, although single-family homes in both ZIPs are selling well, condos have gone a bit soft.

90211:  East Beverly Hills Flats
Single-Family Homes
For sale:  14
Average listing price:  $2,035,000
Average days on market: 79
Sold in last 3 months: 15
Average sales price:  N/A.  For whatever reason, many Sold listings do not include the sold price, so I can’t get a true average.  Same is true for average square footage and price per square foot. This is a common problem among CLAW MLS listings and one that CLAW appears to be addressing.
Condos
For sale:  23
Average listing price:  $1,278,000
Average days on market: 80
Sold in last 3 months: 4
Average sales price: N/A (see above)

90212:  West Beverly Hills Flats
Single-Family Homes
For sale:  4
Average listing price:  $2,785,000
Average days on market: 129
Sold in last 3 months: 22
Average sales price:  N/A (see above) 
Condos
For sale:  21
Average listing price:  $1,450,000
Average days on market: 111
Sold in last 3 months: 8
Average sales price: N/A (see above)