Wednesday, October 9, 2013

Beverly Hills Real Estate Market Report, Third Quarter 2013

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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