Joyce Rey

Joyce Rey On Beverly Hills Real Estate During The 3rd Quarter Of 2020

Editor’s note: Real estate expert Joyce Rey talks about  Beverly Hills, California real estate during the 3rd quarter of 2020 in this Q&A with Haute Residence.

How did the third quarter of 2020 real estate perform in Beverly Hills?

The third-quarter was very good, however the fourth-quarter promises to be record-breaking when comparing 2020 sales volume year to date to 2019.

Joyce ReyPhoto Credit: Jim Bartsch Photography

Joyce ReyPhoto Credit: Jim Bartsch Photography

How has your market been doing so far this year compared to this time last year?

Westside sales are well ahead for properties in excess of $5 million+ up 12%, for properties $10 million+ up 26%, and for properties $20 million+ up 50%! Due to low inventory, there has been pressure on pricing as well. We currently have a real seller’s market with considerable demand!

Joyce ReyPhoto Credit: Jim Bartsch Photography

Joyce ReyPhoto Credit: Jim Bartsch Photography

Do you expect a more or less active 4th quarter for this year than previous years?

There’s a very high demand for properties right now, and I think it will be a fantastic fourth-quarter. So many people are looking to make a move because of COVID and a strong desire for a more comfortable home/work life.

Joyce ReyPhoto Credit: Jim Bartsch Photography

Click on “Learn More” above to get in touch with Joyce Rey.

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