How is the Luxury Real Estate Market in BHPO? That is Beverly Hills PO
How is the Luxury Real Estate Market in BHPO? That is Beverly Hills Post Office
I just blogged about the Luxury Beverly Hills Real Estate Market ( http://actvra.in/Wkm ) and I wanted to separate Beverly Hills Proper vs. the 90210 Zip Code. This Zip Code is the most recognized and desired Zip Code that people would like to relocate to or at least have a foothold in it.
Many people from all over the world are not aware that 90210 Zip Code in Los Angeles happens to be outside of Beverly Hills, CA. People who want to have the coveted Beverly Hills Address and Zip Code might not necessarily have Children, hence they do not need or want to live within the school system but still want the Beverly Hills Address. They might also prefer to live in the hills with either mountain or city views of Los Angeles or Century City Views. These are the perfect buyers for BHPO. Not that I digressed enough, let’s look at the Activity in Beverly Hills Post OfficeJ
Currently there are 78 properties that are in Active Status waiting for a buyer. The Price range is always interesting so let me share it here. The highest priced home on the market is $54,500,000 and the least expensive home is on the market for $715,000.
There are currently 13 homes Accepting Back-up Offers and one is on Hold Status. Generally Hold translates to a short sale. Hence as you can see the market has returned to Beverly Hills, CA.
There are 14 homes that are in Pending Status. This is truly amazing since it is only May 27th and we are having a long weekend.
The most telling indicator is the SOLD Status. I went to the beginning of the year and since January 1st there has been 70 Homes that SOLD in BHPO.
Often times we want to see trends and breaking it down to a monthly status. Now with that said let’s look at the figures:
January 9 Homes Sold February 14 Homes Sold March 16 Homes Sold April 18 Homes Sold May 13 Homes Sold
If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at firstname.lastname@example.org or visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.