" ... said Californy is the place you ought to be,
so they loaded up the truck and moved to Beverly."
Beverly Hills, California, that is, where real estate comes at a premium.
Inventory in the lower prices ranges -- under $650,000 -- are low, meaning buyers have to be competitive to get into that market.
The majority of homes are listed for sale in the $1.3 million to $31 million range.
July saw homes staying on the market for an average of 39 days. Condos saw a market time of 99 days. Sellers received 96.7 percent of their asking price.
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