What’s Up With The Beverly Hills Real Estate?

Do you plan to purchase a Beverly Hills Home? Want to know about the job market? Facing difficulty in deciding on a Beverly Hills Realtor? Look no further because today, I will be letting you know all about Beverly Hills. Keep reading to find out!

Market Analysis of The Beverly Hills

When planning to invest in Beverly Hills Homes, it is important to understand the Market Trends and Market Demand of Beverly Hills Homes for sale. I have analyzed the Beverly Hills homes market for you, keep reading!

Market Trends of Beverly Hill Homes:

The median sale price mainly followed for the Beverly Hills homes is approximately $5.42m, and Beverly Hills homes for sale are up to $1,261 per square foot. This has increased in the past twelve weeks due to different reasons. In the last 12 months, it has grown by 11.34%, and over the past three years, the prices of homes dropped by approximately 54.95%.

The median sale price of Beverly Hills homes is $5,425,000, which has increased up to 51.85% over the past 12 weeks. The same median price had dropped in the last 12 months up to 44.28%, which was pretty unfavorable for any real estate agent working, so it’s moving upwards, and times are suitable if you are looking to sell your home in Beverly Hills.

Over the past year, approximately 57 homes have been sold in Beverly Hills in the range of $2,962,000. A lot of people do end up questioning, is the Beverly Hills Housing Market hot? No, it isn’t a competitive market, it stands at 21 out of 100, and it’s pretty rare if there are any multiple offers. Eventually, the average number of homes get sold is approximately 3% below the listed price and goes for pending up to 58 days.

But at the same time, hot Beverly Hills homes end up selling for approximately 2% above the price they were listed, and they end up pending for 33 days. Compared to nearby cities such as Los Angeles and Long Island, they are pretty competitive and stand at 59 and 65.

Market Demand of Beverly Hill Homes:

The demand of the Beverly Hills Market has been divided into different categories, such as Beverly Hills homes for sale on the list price, then some Beverly Hills homes are sold above the list price, and then homes in the Beverly Hills whose prices drop.

Over the Past 1 Year:

In the past year, 97% of the houses were sold according to the listed price, which has increased by 1.5% over the few years. Realtors in Beverly Homes sold 26.3% of homes above the price it was listed, increasing 84.2% year-over-year. 7.6% were sold whose prices dropped, and the rate of homes whose prices have dropped year-over-year is 3%

 Over the Past 3 Years:

In the past three years, the sales have been pretty good. From August 2018 to July 2021, the rate of homes sold on the listed price is 97.01% – 97.6%, respectively, showing a 4.9% rise year-over-year. The homes that have been sold above the list price have been 23.1% – 26.3% showing an 84.3% rise year-over-year and is an excellent depiction of the demand for houses in Beverly Hills. Prices of homes drop rate began from 9.2% to 7.6% which has dropped negatively and is up to 3.0%

Over the Past 5 Years:

Over the past five years, from 2016 to 2021, there hasn’t been a significant change, but the demand for houses has fluctuated over time. It started at 97.7% sale of homes sold on the list price and now stands at 97.0%. Moreover, 27.3% of houses were sold above the list price and have decreased to 26.3%, which is a pretty fair rate. Homes whose prices have dropped started from 6.7% and have now reached approximately 7.6% with a bumpy ride.

Beverly Hills Homes that have been Sold Recently

Recently, out of 82 homes listed for sale, 41 are now homes to people who live in Beverly Hills. In the upcoming times, the following houses have been sold in Beverly Hills. Read more to find out about the specifications and all there is to know about each sale made.

1. Another Home located in the deep canyon with 6 Bedrooms and five bathrooms was sold at 4,500,000 and 5,093 square feet. You can quickly go through a 3D walkthrough of this fantastic home located in Beverly Hills. It’s designed beautifully in the traditional Hamptons style and was renovated just recently before the sale, giving the house a pretty sensible transition. The house is designed to maintain maximum security and boasts quite a few easily found features in large estates. The terrace overlooks the beautiful grounds and the pool and is located in the covert Warner School District. The price per square ft of the house is $884. Get a look at the virtual walk of the house!

2. A beautiful Spanish Colonial Revival, this house was built and is one of the most iconic houses in Beverly Hills. This house is perfect for people who love a good home that cannot be duplicated and is a perfectly unique investment. It’s got beautiful lush gardens, a sparkling pool, and even a two-story 3000 square ft living room. You can easily house guests in the available guest cottages with all the available amenities. It’s sold at the estimated rate of $14,121,491.

3. This beautiful home has just been sold in a gorgeous corner residence adjacent to a quiet street in Beverly Hills. It’s a convenient yet perfect family home, minutes away from fantastic shopping and dining locations, a private home with two large bedrooms and private bathrooms and balconies. It has two parking spaces side by side and even personal storage. It’s the perfect condo which is estimated to be sold for $933,684. Pretty sweet!

These listings probably got you very excited; I have a surprise for you. Are you looking to get a condo for two? Or a home for your family. Do you want to get to know Beverly Hill homes for sale? I have listed down beautifully located residences that you need to view right now!

Beverly Hill Homes and Listings You Need to View Right Now!

Beverly Hill Homes for sale are now readily available; I will take you across some of the best properties. Get on board, and let’s view them!

Homes Under the Range of 20,000,000

1. A home with a view is precisely what we will deliver to you, presenting you with a beautiful estate with scenic views of the city lights as well as the San Gabriel Mountains. Imagine yourself sipping a cup of coffee on a cold Sunday morning in this fantastic Beverly Hills home for sale; this property has a fantastic grandeur and floor plan. I need that with six bedrooms, nine bathrooms, and 11,500 square feet and high-end amenities, onyx bathrooms with heated floors! Elevators, a home gym, laundry rooms, and a six-car garage house your car collection. It even has an outdoor setting for any events you decide to hold in the future, expansive lawns, and even an infinity pool; this home is listed at 16,995,000. I believe that’s a done deal, isn’t it?

2. Contemporary home in the heart of Beverly Hills. This Beverly Hills home for sale is full of amenities, a beautiful glass wall to let the natural light pour in, an intimate den that leads to a classy pool, and an open backyard. This home has six bedrooms, and 11 bathrooms and is 11,438 square ft with an opportunity to house your guest in a separate guest house designed with both wood and steel. Are you a fitness freak? Trust me; this house is for you! It has a steam room, a sauna room, and a fitness center, all available in the comfort of your home. Its 8-car garage is oversized with a gated driveway to maintain privacy. This property is listed at 17,995,000. Book a tour and finalize your decision!

3.  A home that is a blend of luxury and serenity is precisely what you need. This property captivates with its three water features, beautiful skylights, appealing finishes, zen gardens, and ceilings that are 12 ft. Its outside is perfect with its Saltwater pool, spa, gardens, and patios. Trust me, the glass walls do the talking and give it a touch of modernity and scream, ‘buy me right now!’ It’s listed for 15,000,000. Book a tour and check out this fantastic estate.

Homes Under the Range of 20,000,000 – 40,000,000

4. Minutes away from Sunset Blvd and the famous Beverly Hills Hotel. This Beverly Hills home for sale is the perfect Californian Style property, designed on 10,570 square ft, with seven bedrooms and ten bathrooms. Offering you the best privacy since it’s perched above the ground, it has an open floor plan and an estate designed for people who love large-scale entertaining. It’s centrally air-conditioned and the perfect home for a single family, with an open floor plan, one parking space, a wooden deck, and a patio. Get a tour booked today, virtually or in person, whatever suits your needs. Book a slot and get the deal done! This house is listed for $23,995,000.
5. Are you looking for a home with a warm and added touch of modern? Then this beautiful home that’s just a few minutes away from the famous Beverly Hills Hotel and the Rodeo Drive is the home you should be looking to invest in. This is a three-story modern home with an open floor plan, four beds, six baths, and approximately 7000 square feet. It’s the perfect fit for a family with the available lower-level entertainment to enjoy family time, with its home theatre, outdoor fire pit, and a custom-made bar. Want a pool with a view? Presenting you an amazing infinity pool. This is an excellent opportunity to get your hands on this exclusive real estate in Beverly Hills today. It’s listed for $25,495,000.Contact us, and we will give you all the details regarding this beautiful property, book a tour today!
6. A unique hillside glass-wall property, a blend of modern and organic coup provides the best features a home should have. This estate is 12,456 square ft with six bedrooms and 11 bathrooms, with excellent natural lighting seeping through the windows of this elegant home. It has a huge pool and spa soaring over the skyline and a 15ft waterfall that cascades into the pool at the lower level. This home is the perfect home with a gym, an elevator, guest rooms, and even staff quarters to house your house help. Get yourself this legendary property and enjoy the benefits. Book a tour and contact us; its listed price is 32,500,000. Remember, with the amenities, it’s offering, this is a good deal!

Luxurious Property:

From the list of Beverly Hills homes for sale, one of the best properties includes the following! Presenting to you one of the best, nothing compares!

7. One of the most significant properties that have ever been permitted in the list of properties of LA, this beautiful residence is the most acceptable compound that has been created! This estate is currently undergoing construction, but in no time, you’ll be able to see the house in reality rather than the plan. It’s enormous, with numerous luxury amenities that are incomparable. This property is listed at 250,000,000. Each level of the house does justice to the amount it’s listed on.

Starting from the Basement Level includes an elevator, a 3000 square feet gym, a lounge, a pool, a massage room, a sauna, and even two guest suites to house any friends and family coming over with complete privacy. The First Level of the house, has a beautiful courtyard and family room, one full bathroom, and two powder rooms. The second level of the house has the master bedrooms and a study with an outside deck and a water cascade.

The Main House Lower Level has a bowling lane, hot yoga, den, and cigar lounge. This estate has a wine tasting room and a cellar too, how cool! I can’t wait to get a tour, and I’m sure you are too! This home is the perfect way to entertain with its 36-person theatre, pool bar, pool bath, and even a pool lounge. It sounds so much fun! It’s extravagant and a complete package.

An added benefit of this estate is that you can take it over right now as soon as the foundation construction is done for 92,000,000, or you can purchase it upon completion for $250 Million; both options are available!

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Schools Near Beverly Hills

Planning to live in Beverly Hills but are you confused about the school situation for your kids? I have got you covered. Here are all the options that you can find here near your Beverly Hills Home; 

Elementary School

1. West Hollywood Elementary is a public school that houses 432 students. Its grade level is from Kindergarten to Grade 5 and is considered a pretty good choice.
2. Beverly Vista Elementary is another public school housing approximately 688 students. Its grade levels are from Kindergarten to Grade 8.
3. Horace Mann Elementaryhouses has approximately 561 students and is another famous public school found in Beverly Hills. It’s a public school with grade levels starting from Kindergarten to Grade 8.
4. El Rodeo Elementaryhouses has approximately 550 students and is a public elementary school offering education from elementary to middle school. It’s another option for your kids in Beverly Hills.
5. Hawthorne Elementary is a public school housing approximately 556 students. Its grade levels are from Kindergarten to Grade 8.

Middle School

All those students studying in Beverly Vista Elementary, Horace Mann Elementary, El Rodeo Elementary, and Hawthorne Elementary can continue and complete their middle school efficiently from the above-stated schools, which are perfect and hassle-free!

High School

If you live in Beverly Hills, you have limited options for completing your high school. Beverly Hills High is a public high school with over 1374 students and classes from 9 to 12.

Beverly Hill Homes and FAQS

To all the people hoping to find out the basics related to Beverly Hills Homes, here are all the frequently asked questions answered just for you. I have got your back!

1. How quickly do homes end up getting sold in Beverly Hills?

The average number of days for homes to stay on the market in the Beverly Hills area is 67 days; it was 59 days in the previous months and 57 days in the last year.

2. How many Beverly Hills homes were sold this month?

Approximately 55 Beverly Hill homes were sold during this month, 4% less than the number of homes sold the previous month.

3. Is Beverly Hills a safe location to live in?

Beverly Hills is a secluded area and has limited property options, making the rate of violent crimes less per 1000 residents than 4% of the cities in the state.

4. What are the means of transportation in Beverly Hills?

The means to travel in Beverly Hills are pretty limited, making public transport limited, so 71% of the people commute to and fro using their vehicles.

5. Is Beverly Hills family-friendly and neighborly?

Approximately 58% of the homes in Beverly Hills are occupied by tenants and on rent.

6. Approximately how many homes are available in Beverly Hills for sale?

Beverly Hills homes for sale are approximately 328 currently. The amount of homes has risen to 113% more than it was the previous year. Did you know that 75 properties were listed in September, which is 36% higher than the house’s same time last year, which is progress?

7. Is the Beverly Hills realtor market hot?

Currently, there aren’t any bidding wars in Beverly Hills.

8. Are there convenient grocery delivery options in Beverly Hills?

Stores like Ralph’s, Gelson’s, Costco, Smart and Final, and even Pavilions and 33+ are powered by Instacart and deliver groceries straight to your homes.

How Can I as a Realtor Help You In Beverly Hills?

How can I be of help during the process of finding the perfect home for you? As a Beverly Hills Realtor, it’s under my job description to help you find the best house according to your needs.

Clients shouldn’t compromise on the type of home they are looking for, and all boxes should tick, so they know the investment they made was worth every penny. I make this possible!

I will be helping you in valuing homes according to their previous market history and trends. I’ll be giving you a list of Beverly Hills homes that match perfectly with the vibe you are looking to get; get in touch today so we can begin the search for your humble abode!

Contact Us:

Have you finally decided to check out Beverly Hills homes for sale? I, Erik Brown, and my team are happy to serve you in getting the home of your dreams. Get in touch with us by calling our office number 424-333-6697 or Contact us through our website, give your details, and we’ll gladly get in touch with you. Are you excited? Because I sure am!

Final Verdict!

I believe all these factors are pretty important in the Beverly Hills Housing Market. All these factors sum up and help you make a solid decision for yourself. Getting the house or not is the real question, so read the trends, schooling, and transportation and see the ease. Let’s a partner and get you the home to grow as an individual or a family! I await you!