This short video recaps the housing market activity in the flats of Beverly Hills for May 2010, for single family homes located North of Santa Monica.

There are currently 36 listings in the area. In the past month, a total of  11 homes have either sold or are pending sale.

Five homes have sold in the past month in the flats with a median price of $3,795,000 and an average of 28 days on the market before they sold. These homes sold in a fairly short amount of time.

As was the case last month, Buyers are still finding value in homes under $4,000,000 and Sellers are taking advantage of the price point by pricing their homes appropriately.

How do you perceive the current real estate market? Please feel free to share your thoughts. I always enjoy hearing from you.