Beverly Hills Real Estate
The thought of Beverly Hills conjures visions of "the good life" -- urban living among gorgeous homes on wide, palm tree-lined streets, just steps away from upscale boutiques. For people relocating to southern California who desire luxurious living, Beverly Hills is the ideal location.
Beverly Hills is situated in about six square miles along the northwestern border of Los Angeles. Approximately 90% of the City is zoned for residential use (Wikipedia 2006). There are a variety of living accommodations from apartments and condominiums in the Beverly Hills flats to single family residences and estates.
Beverly Hills, one the most popular tourist attractions in Los Angeles, offers the very best in shopping, dining and hotels. Residents of Beverly Hills benefit from “full-service” living since the city has its own municipal services and planning departments. Residents take an active role in ensuring they have all the comforts of home: well-lit and safe public parking garages and manicured, fully-equipped recreational parks.
Schools are governed by the Beverly Hills School District, where the regular schools score generally above the 90th percentile.
As of June 2008 single family homes for sale in Beverly Hills range from a 2-bedroom, 3-bath home at $1,275,000 to a 5-bedroom, 12-bath English villa for $23 million. According to the Multiple Listing Services, the median price for a single family home sold in the first 6 months of 2008 was $2,859,300 and the most expensive home sale reported was $23,000,000.
Prices of condos on the market as of January 2008 range from $535,000 for a 1-bedroom, 1-bath unit to $5,979,500 for a 3-bedroom, 2.5-bath two-story penthouse. The most expensive condo sale reported year-to-date was $4,250,000.
Residential leases range from $1,695 per month for a studio apartment to $65,000 per month for a 6-bedroom, 7-bath furnished luxury home.