Beverly Hills Real Estate Market Report, Third Quarter 2013
By the numbers:
3rd Qrt 2012
|
2nd Qrt 2013
|
3rd Qrt 2013
| |
Average Sale Price
|
$277,341
|
$300,890
|
$314,639
|
Average Sq Foot
|
2,145
|
2,110
|
2,110
|
Cost per Sq Foot
|
$129
|
$142
|
$149
|
Number of sales
|
61
|
43
|
102
|
- Like other communities in southeast Oakland County, the real estate market in Beverly Hills continues to improve
- Average sale price over last year is up 13% over last year
- Average sale price is up almost 5% over last quarter
- The growth of the market has been more modest because it didn’t fall as far over the last couple of years
- While the number of homes sold in Beverly Hills fell in 2nd quarter this year over last, it more than double in 3rd quarter
Morris Hagerman is a local real estate agent with Real Estate One in Royal Oak, Michigan. He serves Berkley and the other Woodward 5 communities, including Ferndale, Pleasant Ridge, Royal Oak and Huntington Woods. Hagerman is also a member of the Berkley/Huntington Woods Area Chamber of Commerce. You can contact him by phone at 248-854-8440, email at morrishagermanproperties@gmail.com or visit his web page.
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