• What to Know About Beverly Hills Real Estate Market

    09/28/2019


What You Need to Know About the Beverly Hills Real Estate Market

Los Angeles is one of the most desirable and competitive real estate markets on Earth, and it takes an experienced real estate agent to effectively navigate LA's luxury real estate listings. But part of the reason the Los Angeles market is so dynamic is that, truth be told, talking about the market for "Los Angeles real estate" as a whole isn’t entirely accurate. The truth is, LA isn't one market, but rather a collection of markets: Venice Beach, Holmby Hills, Santa Monica, and the Sunset Strip are just a few of the neighborhoods that collectively make up LA's real estate ecosystem. At Valerie Fitzgerald Group, our real estate agents have an intimate understanding of hyper-local markets throughout Los Angeles, and that includes one of the most desirable real estate markets in the world: Beverly Hills.

Beverly Hills Home Prices & Key Statistics

Beverly Hills is one of the crown jewels of Los Angeles real estate, and for good reason. The neighborhood has long been home to celebrities and superstars of all stripes, and with plentiful shopping, a thriving culinary scene, and a central location, it makes for one of the best places to live in LA. But you don't have to be famous to live here: with plenty of parks, libraries, and great schools, Beverly Hills is a place almost anyone would be happy to call home. 



While the Hills are home to some of the most expensive luxury real estate properties in the world, the neighborhood is diverse and also holds plenty of homes in more reasonable price ranges. Here are a few key current statistics to give you a better picture of the market:
  • Properties for Sale: 274
  • Median List Price: $5.5 million
  • Low-Range Homes: $1-2 million
  • High-Range Homes: $20+ million
At the moment, real estate markets across LA are in a strange place. Demand for homes is low, but prices have been largely flat for a year, which means it's hard to definitively call it either a seller's or a buyer's market. But even though it's not a true buyer's market, now is still a relatively good time to buy – and with the right real estate agent, it's entirely possible to find your dream home at a great price. 



Contact Your Los Angeles Luxury Realtor

Beverly Hills is one of the most iconic neighborhoods in Los Angeles, but it's just one area we specialize in here at Valerie Fitzgerald Group. Our realtors understand the intricacies of each neighborhood as well as the local and global trends moving the markets, which means we're well-equipped to find you the perfect luxury home in LA. Ready to find your dream home? Don't waste valuable time with inexperienced real estate agents: contact our real estate team today to find the perfect property in Beverly Hills or greater Los Angeles. 





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