Another year as flown by and it is time to review the 2011 Beverly Hills real estate market.

I have split the 2011 Beverly Hills real estate market report into four section, single family by price breakdown and condos.  I have also shown relevant percentage comparisons with the 2010 statistics.

What is Market Absorption?

Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market.

6 months worth of inventory is a balanced market.  Under 6 months is a sellers’ market, and anything over 6 months is a buyers’ market.

So let’s take a look:

Sales of homes under $2M in Beverly Hills are starting to slow down and edge into a buyers’market although the number of sales over the last three months of this year is up 22% over 2010.

Homes seems to be priced well as the sales to list price is high.

The median price has been increasing over last year by as much as $11.65%

Overall an improvement over 2011

The number of Beverly Hills homes sold between $2-5M have dropped over 2011, and the median price is down by as much as 13%. Although the market is still a sellers’ market as inventory is low.

The Beverly Hills luxury market  is somewhat stagnant.

Beverly Hills homes sold over $5M are down from 2011 as is the median price.  Buyers, if you are looking for a Beverly Hills luxury home for sale,  now is the time.  There is plenty of inventory.

The  Beverly Hills condo market  is fairly stable.   Sales over the past three months are down slightly from 2010 but were up over 6 months.  The absorption shows a stable market and the median price is down slightly.  But still a fairly stable stats.

Previous Beverly Hills Market Reports

Beverly Hills Home Sales to Date This Year

Beverly Hills Real Estate – Half Yearly Market Report 2011

Beverly Hills Housing Market Report – February 2011

Buying or Selling a Beverly Hills Home – How did the 2010 Market Do?

Search Beverly Hills Homes for Sale

Showing properties 1 - 15 of 273. See more Beverly Hills Homes for Sale. 
(all data current as of 12/31/2011)

1. $2,995,000 : 9645 WENDOVER DR, Beverly Hills
   
   5 beds, 4 full, 1 part baths

   Home size: 3,937 sq ft

   Lot size: 21,026 sq ft

   Year built: 1973

   Parking spots: 2

   Days on market: 2
    
2. $1,099,000 : 8707 CLIFTON WAY, Beverly Hills
   
   3 beds, 2.0 baths

   Home size: 1,614 sq ft

   Lot size: 5,418 sq ft

   Year built: 1923

   Days on market: 4
    
3. $7,950,000 : 135 MONOVALE DR, Beverly Hills
   
   4 beds, 5.5 baths

   Home size: 7,224 sq ft

   Lot size: 25,003 sq ft

   Year built: 1988

   Days on market: 5
    
4. $399,993 : 423 South Rexford Drive #202, Beverly Hills
   
   2 beds, 1 full, 1 part baths

   Home size: 1,157 sq ft

   Lot size: 636 sq ft

   Year built: 1961

   Parking spots: 2

   Days on market: 11
    
5. $1,395,000 : 435 S ALMONT DR, Beverly Hills
   
   4 beds, 4.0 baths

   Home size: 2,605 sq ft

   Lot size: 4,800 sq ft

   Year built: 1926

   Days on market: 12
    
6. $1,375,000 : 9011 ALTO CEDRO DR, Beverly Hills
   
   4 beds, 2 full, 1 part baths

   Home size: 3,072 sq ft

   Lot size: 15,930 sq ft

   Year built: 1962

   Parking spots: 2

   Days on market: 14
    
7. $1,749,000 : 348 S CLARK DR, Beverly Hills
   
   4 beds, 3.5 baths

   Home size: 3,354 sq ft

   Lot size: 6,250 sq ft

   Year built: 1930

   Days on market: 16
    
8. $599,000 : 175 North Swall Drive #304, Beverly Hills
   
   2 beds, 2 full baths

   Home size: 1,478 sq ft

   Lot size: 23,849 sq ft

   Year built: 1965

   Parking spots: 2

   Days on market: 17
    
9. $549,000 : 9859 Easton Drive, Beverly Hills
   
   2 beds, 1 full bath

   Home size: 988 sq ft

   Lot size: 8,589 sq ft

   Year built: 1947

   Parking spots: 2

   Days on market: 17
    
10. $1,550,000 : 447 N DOHENY DR, Beverly Hills
    
    2 beds, 2.5 baths

    Home size: 2,035 sq ft

    Year built: 2010

    Days on market: 17
     
11. $3,700,000 : 447 N DOHENY DR, Beverly Hills
    
    3 beds, 4.5 baths

    Home size: 3,949 sq ft

    Year built: 2010

    Parking spots: 3

    Days on market: 17
     
12. $2,695,000 : 9526 DALEGROVE DR, Beverly Hills
    
    3 beds, 4.0 baths

    Home size: 2,875 sq ft

    Lot size: 14,300 sq ft

    Year built: 1951

    Days on market: 19
     
13. $729,500 : 262 N CRESCENT DR, Beverly Hills
    
    2 beds, 2.0 baths

    Home size: 1,407 sq ft

    Year built: 1961

    Days on market: 21
     
14. $5,450,000 : 14042 AUBREY RD, Beverly Hills
    
    6 beds, 6.5 baths

    Home size: 6,060 sq ft

    Lot size: 18,894 sq ft

    Year built: 1990

    Parking spots: 10

    Days on market: 21
     
15. $669,000 : 234 S GALE DR, Beverly Hills
    
    2 beds, 2.0 baths

    Home size: 1,494 sq ft

    Year built: 1989

    Days on market: 22
     

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate - Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/beverly-hills-real-estate-2011-market-repor.html#ixzz1iCqqvXfF

Every year, world-renowned Rodeo Drive in Beverly Hills puts on its best show for holiday season.  In 2004 they decorated with $1 million worth of Baccarat crystal chandeliers.  This year, together with Harrods in London and  Takashimaya stores in Tokyon and Singapore, Swarovsky holds sway with Sparkle 90210.

Swarovsky Elements have installed Swarovsky crystals along the median of Rodeo Drive featuring a helix-shaped sculpture with embedded LED lights which scrolls people’s holiday messages ticker-tape style.  If you wish to be included Tweet your message to #letitsparkle or text 877877.

Today, and on December 15 and 16 you can see snow and sparkle effects together with horse drawn carriages and caroler.  Some restaurants will be extending their happy hours, offering free cocktails with dinner, and many stores are staying open late.

Don’t miss the fairly land that is Rodeo Drive at Christmas.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate - Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/let-it-sparkle-on-rodeo-drive.html#ixzz1gA1IHARF

Beverly Hills, is the world renowned home of the rich and famous. There is something for everyone in this beautiful enclave, including the best dining, shopping, and some of the most expensive real estate in the country.  In fact, 90% of Beverly Hills is zoned for residential use.  62% of the housing is apartments and condos, and 37% single family.

 

 

 

Beverly Hills, is almost entirely surrounded by the city of Los Angeles, except for a small area of Doheny Dr. on the east which borders West Hollywood.  It is approximately 5.7 square miles in radius, with the approximate boundaries being the Los Angeles Country Club to the west, Whitworth Dr. to the south, Robertson Blvd., San Vicente Blvd. and Doheny Dr. to the East and the Hollywood Hills to the north. Beverly Hills is an incorporated city, with its own government, police, school district, etc. The city has some of the largest homes in the country.

 

North of Sunset Boulevard into the hills are the more expensive properties of Beverly Hills. South of Sunset is called “the flats” and the next division is Santa Monica Blvd. which creates sections know as north or south of the tracks, for the street car line that used to run through the area. South of Wilshire Blvd. becomes somewhat more affordable and contains a mix of single-family, condos and rental units.

 

Most residents live in the “flats”, south of Sunset Blvd. with the most expensive homes being in the hills. In fact, in 2007, Beverly Hills was listed as the most expensive housing market in the U.S. with a median price of $2.2 million.

Total Population

According to the 2010 census the total population of the city of  Beverly Hills is 34,109, with a total 16,394 housing units.

Beverly Hills Climate

Beverly Hills has a sub-tropical climate with an average annual rainfall of 15 inches, usually between October and May.  Average winter temperature is 45-65°F  in winter, 53-77°F in spring, summer 61-83°F in summer and 60-77°F in fall.

What to see in Beverly Hills

The Golden Triangle with Rodeo Drive at its center is the place to shop, and be sure to visit Via Rodeo a European-style, cobblestone mini-mall.  There are many first class hotels to see, including the Regent Beverly Wilshire, featured in "Pretty Woman", the magnificent new Montage Hotel and the Beverly Hills Hotel with its world famous Polo Lounge. Make sure to go by the newer Renaissance City Hall and visit the beautiful library in the same complex.

Hospitals/Medical Centers Near Beverly Hills

The nearest, and one of the most famous hospitals in the country, is Cedars-Sinai Medical Centers,  UCLA Medical Center and Olympia Medical Center, formerly Midway Hospital are close by. There is also a huge concentration of doctors offices and surgery centers in Beverly Hills. You will not want for the best medical attention.

Useful Links

Beverly Hills School District

Beverly Hills Demographics

Beverly Hills Chamber of Commerce

Beverly Hills housing market reports

Map of Beverly Hills

View Map of Beverly Hills in a larger map

 

Other Los Angeles Communities

Atwater Village	Hancock Park	Playa Vista
Bel Air	Hollywood	Rancho Park
Beverly Center Miracle Mile	Hollywood Hills East	Santa Monica
Beverly Hills Post Office	Hollywood Hills West	Silver Lake
Beverlywood	Holmby Hills	Studio City
Brentwood	Los Angeles	Sunset Strip
Carthay	Los Feliz	Venice
Century City	Malibu	West Hollywood
Cheviot Hills	Marina del Rey	West Los Angeles
Culver City	Pacific Palisades	Westchester
Downtown Los Angeles	Palms/Mar Vista	Westwood
Echo Park	Playa del Rey	Wilshire Corridor

We are coming towards the end of 2011 so it is a good time to check in on Beverly Hills home sales to date this year.

 

Single Family Homes
	Sold	Low	High	DOM	Active	Absorption
Under $ 1 Million	5	$800,000	$995,000	64	0	-
$1 to $2 Million	37	$1,016,000	$2,000000	75	11	2.9
$2 to $5 Million	50	$2,095,000	$4,800,000	72	24	14.4
Over $5 Million	29	$5,175,000	$35,000000	142	57	19.7
Condos
Under $ 1 Million	49	$334,900	$985,000	85	34	6.9
$1 to $2 Million	18	$1,030,000	$1,700,000	128	21	11.7
$2 to $5 Million	1	$4,400,000	655	7	70
Over $5 Million	4	$6,085,000	$13,826,000	202	4	10

All information from the CLAW MLS is deemed accurate but is not guaranteed

 

Absorption rate is the time it will take existing listings to sell based on prior sales over the past 10 months.  6 months is a balanced market.  Anything over that indicates a buyers’ market and under, a sellers’ market.

 

So, apart from the under $1 million to $2 million single family homes and under $1 million condos, Beverly Hills real estate  is still very much a buyers’ market.

Previous Beverly Hills real estate market reports

Beverly Hills Real Estate Market Report – April 2010
Beverly Hills Real Estate Market Report – May 2010
Beverly Hills Real Estate Market Report  - June 2010
Beverly Hills Market Trend Homes Over $2 Million
Beverly Hills  Real Estate Market Report
Beverly Hills Luxury Real Estate Market Report
Beverly Hills Real Estate Condos Market Report
Beverly Hills Real Estate Condos Over $ 2 Million
Buying or Selling a Beverly Hills Home How did the 2010 Market Do?
Beverly Hills Real Estate Half Yearly Market Report 2011

Homes for sale in Beverly Hills

Showing properties 1 - 10 of 337. See more Beverly Hills Homes for Sale. 
(all data current as of 10/25/2011)

1. $54,950,000 : 9501 Gloaming DR, Beverly Hills
   
   6 beds, 5 full, 3 part baths

   Home size: 6,377 sq ft

   Lot size: 10.40 ac

   Year built: 1939

   Parking spots: 18

   Days on market: 1
    
2. $399,993 : 423 South Rexford Drive #202, Beverly Hills
   
   2 beds, 1 full, 1 part baths

   Home size: 1,157 sq ft

   Lot size: 636 sq ft

   Year built: 1961

   Parking spots: 2

   Days on market: 2
    
3. $1,095,000 : 1601 LINDACREST DR, Beverly Hills
   
   3 beds, 2.5 baths

   Home size: 2,472 sq ft

   Lot size: 15,870 sq ft

   Year built: 1940

   Days on market: 4
    
4. $4,795,000 : 1054 SHADOW HILL WAY, Beverly Hills
   
   4 beds, 4.5 baths

   Home size: 3,610 sq ft

   Lot size: 1.04 ac

   Year built: 1960

   Parking spots: 8

   Days on market: 4
    
5. $2,950,000 : 9817 HYTHE CT, Beverly Hills
   
   6 beds, 6.5 baths

   Home size: 5,758 sq ft

   Lot size: 27,320 sq ft

   Year built: 1979

   Parking spots: 3

   Days on market: 5
    
6. $2,200,000 : 1642 N BEVERLY DR, Beverly Hills
   
   3 beds, 2 full, 1 part baths

   Home size: 2,000 sq ft

   Lot size: 8,670 sq ft

   Year built: 1999

   Parking spots: 2

   Days on market: 5
    
7. $7,995,000 : 710 N RODEO DR, Beverly Hills
   
   6 beds, 5 full, 1 part baths

   Home size: 7,393 sq ft

   Lot size: 16,475 sq ft

   Year built: 1988

   Parking spots: 3

   Days on market: 6
    
8. $999,000 : 1750 North Beverly Drive, Beverly Hills
   
   4 beds, 4 full baths

   Home size: 2,947 sq ft

   Lot size: 5,671 sq ft

   Year built: 1957

   Parking spots: 2

   Days on market: 7
    
9. $7,450,000 : 710 N ELM DR, Beverly Hills
   
   11 beds, 14.0 baths

   Lot size: 21,290 sq ft

   Year built: 1925

   Days on market: 7
    
10. $3,650,000 : 3267 HUTTON DR, Beverly Hills
    
    5 beds, 7.0 baths

    Home size: 7,075 sq ft

    Lot size: 15,820 sq ft

    Year built: 1986

    Parking spots: 8

    Days on market: 7
     

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Other Los Angeles Neighborhoods

Bel Air	Hollywood	Playa Vista
Beverly Center – Miracle Mile	Hollywood Hills East	Rancho Park
Beverly Hills Post Office	Hollywood Hills West	Santa Monica
Beverlywood	Holmby Hills	Silver Lake
Brentwood	Los Angeles	Studio City
Carthay	Los Feliz	Sunset Strip
Century City	Malibu	Venice
Cheviot Hills	Marina del Rey	West Hollywood
Culver City	Mar Vista	West Los Angeles
Downtown Los Angeles	Pacific Palisades	Westchester
Echo Park	Palms	Westwood
Hancock Park	Playa del Rey	Wilshire Corridor

Search Los Angeles Homes for Sale by Zip Code

Los Angeles Lifestyle Search

Return to Los Angeles Real Estate Information Page

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/beverly-hills-home-sales-to-date-this-year.html#ixzz1boYXHhlt

Wondering how the Beverly Hills real estate did the first half of 2011 compared with 2010?  The numbers in red  in the sold section are the percentage difference over the same period last year.

Beverly Hills Single Family Homes

Sold:  73/  +2.8%

Average Price Sold:  $3,632,569/ -8%

Average Days on Market:  86/ -3%

Average Sales to List Price:  86.19%/ -4%

Active:  70

Average Price Active: $7,864,000

Average Days on Market:  108

Beverly Hills Condos

Sold:  47/ -13%

Average Price Sold:  $1,438,005/ +18%

Average Days on Market: 114/ +14%

Average Sales to List Price:  88.67%/ -8%

Active:  54

Average Price Active:  $1,552,403

Average Days on Market:  133

Beverly Hills homes for sale are doing  quite well.  With around 5.67 months of inventory, it is a sellers’ market.  Six months is balanced.

Beverly Hills condos for sale,  are still  a little sluggish. However, with around 6 months’ inventory, the market remains balanced.

Search Beverly Hills Homes for Sale

Related Posts

Beverly Hills Housing Market – February 2011

Buying or Selling a Beverly Hills Home – How did the 2010 Market Do?

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate – Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate – Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate – Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate – Culver City single family homes, Culver City condominiums
• Palms/Mar Vista Real Estate - Palms/Mar Vista single family homes, Palms/Mar Vista condominiums
  
• Silver Lake Real Estate - Silver Lake single family homes, Silver Lake condominiums
  
• Echo Park Real Estate – Echo Park single family homes, Echo Park condominiums

For more information on how I can best serve your Los Angeles real estate needs, please fill out the online contact form or give me a call at 310-473-6919.

Beverly Hills Housing Market Report – February 2011

You want to buy a home in Beverly Hills but you don't want to spend millions of dollars. Unfortunately you will not be buying a single family home in Beverly Hills under $1 million. You can, however, find 40 condo units available right now for under $1 million. Prices for these Beverly Hills condos range from $319,000 for a 1 bed, 1 bath, 606 sq. ft. unit to $985,000 for a 2 bed, 2.5 bath, 1,767 sq. ft. unit.

Search condos for sale in Beverly Hills under $1 million

Now, if you can stretch your budget to $1.5 million, you will find 5 Beverly Hills single family homes for sale. These range from a 2 bed, 1 bath, 1,157 sq. ft. house for $1.195 million to a 3 bed, 2 bath, 2,326 sq. ft. house for $1.449 million.

Search single family homes for sale in Beverly Hills under $1.5 million

Are you curious to see the most expensive homes for sales in Beverly Hills at present:

Map of Beverly Hills by Zip Code

Blue = 90210, Green = 90212, Purple = 90211
View Beverly Hills by Zip Code in a larger map

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you're new to L.A. Town. You'll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs! When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available. If you are an absentee owner, you'll need someone to handle all the details that you can't handle remotely. That's where I come in - I'm there when you can't be. I also specialize in lease property in Los Angeles. Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City single family homes, Culver City condominiums
• Palms/Mar Vista Real Estate - Palms/Mar Vista single family homes, Palms/Mar Vista condominiums
• Silver Lake Real Estate - Silver Lake single family homes, Silver Lake condominiums
• Echo Park Real Estate - Echo Park single family homes, Echo Park condominiums

For more information on how I can best serve your Los Angeles real estate needs, please fill out the online contact form or give me a call at 310-473-6919.

I remember when I first came to Los Angeles many years ago, going to the Friars Club in Beverly Hills and seeing the likes of Milton Berle, Suzanne Pleshette, and numerous other personalities wandering around. The buffet at the Friars Club was amazing. More food than you could ever think of eating. It was old Hollywood personified. This piece of Beverly Hills real estate is no more. The Friars Club Beverly Hills, a branch of the famed New York establishment of the same name opened in 1947. In 2007, after losing a lawsuit to its New York namesake, it changed its name to Club 9900 and closed shortly after. The Friars Club has lost another battle waged by the Los Angeles Conservancy Group to include its 1960's modernist design in the California Register of Historical Resources. The architect, Sidney Eisenshtat, was a prominent Los Angeles figure known for his oversized interiors and exteriors of brick, thin slab or concrete. Unlike Los Angeles, Beverly Hills, has no preservation ordinance, but there is a move next year to possibly implement the Mills Act, which offers tax credits to Los Angeles homeowners who preserve historic structures. Had there been plans to rebuild after the demolition, the City of Beverly Hills might have had some review power. But, as of now, there are no plans in the works.

Map of Friars Club Beverly Hills

View Larger Map

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you're new to L.A. Town. You'll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs! When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available. If you are an absentee owner, you'll need someone to handle all the details that you can't handle remotely. That's where I come in - I'm there when you can't be. I also specialize in lease property in Los Angeles. Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City single family homes, Culver City condominiums
• Palms/Mar Vista Real Estate - Palms/Mar Vista single family homes, Palms/Mar Vista condominiums
• Silver Lake Real Estate - Silver Lake single family homes, Silver Lake condominiums
• Echo Park Real Estate - Echo Park single family homes, Echo Park condominiums

For more information on how I can best serve your Los Angeles real estate needs, please fill out the online contact form or give me a call at 310-473-6919.

Are you thinking of buying or selling a Beverly Hills home? Wondering how the market is? You should not be waiting to sell your Beverly Hills home. The single family home market has move to a balanced one. Six months inventory is balanced. Over six months is a buyers' market and under six months a sellers' market. You can see from the one month column that now is the time to sell your Beverly Hills home. If you price it right, you could end up with multiple offers and a sales price over asking. Beverly Hills home buyers are looking, and in certain price ranges there is not enough inventory.

 

The Beverly Hills real estate condo market, is edging towards a more balanced one, but now favors the Beverly Hills home buyer. However, if you price your condo right, don't be afraid to sell.

Beverly Hills condo buyers, with interest rates still low, now is the time to make that move.

View Beverly Hills by Zip Code in a larger map

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you're new to L.A. Town. You'll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs! When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available. If you are an absentee owner, you'll need someone to handle all the details that you can't handle remotely. That's where I come in - I'm there when you can't be. I also specialize in lease property in Los Angeles. Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City single family homes, Culver City condominiums
• Palms/Mar Vista Real Estate - Palms/Mar Vista single family homes, Palms/Mar Vista condominiums
• Silver Lake Real Estate - Silver Lake single family homes, Silver Lake condominiums
• Echo Park Real Estate - Echo Park single family homes, Echo Park condominiums

For more information on how I can best serve your Los Angeles real estate needs, please fill out the online contact form or give me a call at 310-473-6919.

Jane Peters knows L.A. Real Estate. Let me do the Work for You!

Beverly Hills real estate market report

The Beverly Hills real estate market remains sluggish.

Homes under $2 million are the strongest sector of this market with 4.33 months of inventory which indicates a sellers market.

Homes over $2 million have 10.40 months of inventory and average days on the market have risen, pointing to a buyers market.

Condos under $2 million show slow but steady sales.  With 8.88 months of inventory, buyers should be out looking.

Condos over $2 million.  This is probably the most impacted area of the Beverly Hills real estate market.  The sales to list price is high, but with over 39 months inventory and a median price of around $7 million, there is little or no movement.