🏡 May 2024 Beverly Hills Luxury Real Estate Market Update & Trends! - Christophe Choo. 🌟

🏡 May 2024 Beverly Hills Luxury Real Estate Market Update & Trends! - Christophe Choo. 🌟
🔻 Avg Sales Price: $5.78 million, 📉 down 49%.
🔻 Avg List Price $14.87 million, 📉 down 5%.
🔼 Properties Sold: 13, 📈 UP 44%
🔻 Days on Market: 40 📆, 📉 down 6%.
🔻 $/Sq FT: $1,344, 📉 down 30%.
Unlock the hidden wealth in your Beverly Hills property! 🗝️💼 Curious about your home equity 💰? Thinking of buying in Beverly Hills? 🏠🌴 Let's chat! Send a DM or call us at 📱 310-777-6342 for expert insights!
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Christophe Choo at Coldwell Banker Global Luxury is Your Local Real Estate Expert In Los Angeles and Beverly Hills
Christophe Choo is in the top 1% of brokers internationally with 33 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.
Based in Beverly Hills, California, The Christophe Choo Real Estate Group provides exclusive luxury homes for sale on a local, global and international stage. Hence the tagline: “Locally Known - Globally Connected”.
Search for luxury properties in your area, whether in the “Platinum Triangle” areas of the Westside of Los Angeles of Beverly Hills, Holmby Hills, and Bel-Air or in The Sunset Strip, Hollywood Hills, Brentwood, Westwood, the Wilshire Corridor, Century City, Pacific Palisades, Santa Monica, Malibu, Venice, Marina Del Rey, Cheviot Hills, Hancock Park, Los Feliz and the key Westside areas of Los Angeles, the Christophe Choo is the luxury Realtor that can help you achieve your selling or buying goals in Los Angeles.

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The Christophe Choo Real Estate Group
Coldwell Banker Global Luxury
Beverly Hills Realtor | Luxury Real Estate Agent
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[@rhondaz356]

It's important to get a larger picture, in order to gain a better understanding of what the numbers really mean... That additional info did that. Thanks, Christophe...👏🏻

[@MWR4991]

could you explain please why there is such a difference in average sale price and average listing price? Does this mean properties are often over valued?

[@Christophechoo]

The difference between average sale price and average listing price can be due to various factors such as market conditions, negotiation, and property condition. It doesn't necessarily mean properties are overvalued, but it's worth looking into the specifics of each case. Some months too there are more high priced listings and lower sales and others lower priced listings and lower sales so that changes the averages.

[@MWR4991]

@@Christophechoo gotcha. thanks for explaining 👊