Beverly Hills, CA Real Estate MarketThe Beverly Hills, CA real estate market is going strong thanks to wealthy cash only buyers and international investors. This area made headlines recently when a home was listed for a whopping $165 million. This sprawling property, which can only be described as a compound, once belonged to William Randolph Hearst. It features four separate houses and an apartment for the staff. The Beverly Hills, CA real estate market is as diverse as it is prestigious. You'll find compounds like the one mentioned above, as well as family style cottages on the palm tree lined streets above Santa Monica Boulevard. You'll also find mansions in the windy streets above Wilshire and Sunset Boulevards heading towards Westwood and Santa Monica, CA. Beverly Hills, CA Real Estate Pricing InformationThe average price for real estate in the Beverly Hills market is one the rise. Current estimates indicate the mean price for single-family homes at just slightly over $2 million. This estimate is high due in part to the relatively small population--roughly 9,000 residents--and the higher than average population of renters living in apartments located below Wilshire Boulevard and heading into West Los Angeles. If you want the luxury of Rodeo Drive living, a Beverly Hills real estate agent can help you find your dream home in an exclusive neighborhood or gated community. The further above Sunset you live, the more exclusive the neighborhood and the higher the list price for homes. For more information on luxury listings check out www.2beverlyhills.net. |
