Does the Mubarak Family Own Property in Beverly Hills?

Homes for Sale in Beverly Hills

After doing a tongue-in-cheek-post on a real estate blog site, about the Mubarak Family possibly owning property in Beverly Hills, specifically on Rodeo Drive, I was inundated with calls from the media, including an international newspaper. It is alleged that the Mubarak Family own property all over the world, in Manhattan, London, and Beverly Hills, most prominently, and that their Swiss bank account was frozen.  But no one knows for sure. However, the story caught enough attention for me … [Read more...]

Beverly Hills Post Office on its Way to Broadway

Wallis Annenberg Center for the Performing Arts

Work is under way to turn the Depression-era Beverly Hills Post Office into a world class cultural center, the Wallis Annenberg Center for the Performing Arts, due to be completed in late 2012. Built in 1933 on the site of the Pacific Electric Railway Station, the Beverly Hills Post Office is on the National Register of Historic Places.  The United States Postal Service decided to close it in 1993 and sell it to the City of Beverly Hills who in turn offered a long term lease to the Beverly … [Read more...]

The End of an Era – Beverly Hills Friars Club to be Demolished

Beverly Hills real estate market report October 2012

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 … [Read more...]

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

Beverly Hills Real Estate, Beverly Hills Real Estate Market Trend

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 … [Read more...]

Beverly Hills

Beverly Hills Real Estate Market Reports Single Family Homes under $2 million Single Family Homes over $2 million Condos under $2 million Condos over $2 million … [Read more...]

Beverly Hills Real Estate Condos, Over $2 Million

Beverly Hills Real Estate Luxury Condos

Beverly Hills luxury condo market The Beverly Hills luxury condo market is stuck.  There have been no sales over the past 3 months and with a 39 month inventory it will be a while before it comes back. See previous Beverly Hills luxury condo report See sales for Beverly Hills condos under $2 million … [Read more...]

Beverly Hills Real Estate Condos – Market Report

Beverly Hills Condos Under $2 Million

Beverly Hills condo market The Beverly Hills condo market under $2 million is slow but steady.  The median price is up slightly and average days on the market down.  Sales price vs list price remains around 94%.  With 8.88 months of inventory this is a buyers market. See previous Beverly Hills condo report See report on Beverly Hills condos over $2 million … [Read more...]

Beverly Hills Luxury Real Estate Market Report

Beverly Hills Market Trend

The Beverly Hills luxury real estate market is slow. With ten months of inventory this is a buyers market. The median price over the past year has risen, but so have the average days on the market, slightly. See previous Beverly Hills luxury real estate report Check out the report for Beverly Hills homes under $2 million … [Read more...]

Beverly Hills Real Estate Market Report

Beverly Hills Real Estate Statistics

The Beverly Hills real estate market for single family homes under $2 million is doing quite well. There is presently 4.33 months of inventory which points to a sellers market. The median price has remained steady over the past year and average sales price vs list price has remained in the low 90%. See the previous Beverly Hills real estate market report from homes under $2 million Check out Beverly Hills luxury real estate sales … [Read more...]

Beverly Hills Community Overview

90210 Community Summary Population Growth (since 2000)      -1% Population Density (ppl/mile)         2,111 Household Size (ppl)                             2.47 Households w/Children                      25.9% Housing Stability Annual Residential Turnover            14% 5+ Years in Residency                          41% Median Year in Residency                    4% Population Demographics:  22,631               Households:  9,125                 Median Age:  45 Climate and … [Read more...]

Beverly Hills Real Estate Market Trend Condos over $2 Million

Beverly Hills Market Trend - Condos Over $2M

Beverly Hills real estate market trend condos over $2 million The Beverly Hills real estate market in the area of over $2 million condos is very slow.  Only 2 units have sold over the past 3 months and 7 over the past year.  Inventory is  13.5 months, heavily a buyers' market. Find Beverly Hills condos over $2 million … [Read more...]

Beverly Hills Market Trend – Condos Under $2 Million

Beverlly Hills Real Estate - Condos

The Beverly Hills real estate market in condos under $2 million is pretty slow.  With 12.71 months of inventory, this is still very much a buyers market. 6 months inventory is a balanced market. Find Beverly Hills condos for sale under $2 million … [Read more...]

Beverly Hills Market Trend – Homes Under $2 Million

Beverly Hills Market Trend Below $2 M

Beverly Hills market trend, homes under $2 million The Beverly Hills real estate market trend for single family homes below $2 million is stagnant.  The inventory has been increasing and the Beverly Hills real estate market has edged over to a buyers' market. Search homes for sale in Beverly Hills under $2 million … [Read more...]

Beverly Hills Market Trend – Homes Over $2 Million

Beverly Hills Housing Market

Beverly Hills luxury market report The chart below shows the Beverly Hills real estate market over $2 million averaging 8 sales per month.  With 99 homes on the market this leaves an 10.5 month inventory.  Definitely a strong buyers' market. The median sales price is up with average sales vs list price over the past 3 months at 94.72% Find Beverly Hills homes for sale over $2 Million … [Read more...]

Beverly Hills Housing Market Report – June 2010

Beverly Hills Market Report - June 10

The Beverly Hills Housing real estate market Report below shows the market absorption trend for single family homes up to $2 million. What is an absorption rate? This shows the rate at which inventory is being sold and is calculated by the number of homes on the market divided by the number sold in a month. This helps in determining the pricing of homes being put on the market and what kind of market it is. If you have a 10 month selling cycle and want to sell in 5 months you would need to … [Read more...]

Beverly Hills Housing Market Report – May 2010

Beverly Hills Market Absorption Rate

The Beverly Hills Housing real estate market Report below shows the market absorption trend for single family homes up to $2 million. What is an absorption rate?  This shows the rate at which inventory is being sold and is calculated by the number of homes on the market divided by the number sold in a month.  This helps in determining the pricing of homes being put on the market and what kind of market it is.  If you have a 10 month selling cycle and want to sell in 5 months you would … [Read more...]

Beverly Hills Real Estate Market Report – April 2010

Beverly Hills Single Family Homes  Market Report Beverly Hills home sales are taken from the MLS, are for single family homes only.  The do not include condos, income property or private sales. Beverly Hills single family home sales looks fairly strong.  The number of homes sold and median price are up significantly and the days on the market of those homes is down by 31%.  The median price sold vs the median list price is down considerably, but in such a high-priced market, one overpriced … [Read more...]

Beverly Hills Market Report – Third Quarter ’09

bhsold

The properties on the market in any given month where a buyer could have written a first position offer to purchase it at any time during that month.  Different from Months Supply of Inventory below.  The number has increased 3%. The number of properties going into contract on any given month shows the sales activity.  This has increased 108%. These figures show how long it would take to sell the present inventory based on the present monthly sale rate. The number of properties on … [Read more...]