Beverly Hills: Market Trends & Homes For Sale
With some of the most breathtaking homes in the world and a steady stream of famous residents, it’s no surprise that Beverly Hills is one of the most desirable places to live. So much so, in fact, that an average home here will set you back somewhere in the region of $6 million.
But don’t let that scare you away. There are plenty of reasonably-priced luxury homes within Beverly Hills, as well as gorgeous houses on smaller plots of land for those who aren’t quite ready to settle down just yet.
If you’re interested in living in Beverly Hills but not quite so specifically; this blog post is for you! Here, we take a look at what makes this such a special place to live, what it costs to buy Beverly Hills homes for sale and the best places for real estate investment opportunities around town.
What Makes Beverly Hills Homes for Sale So special?
If you had to name the world’s most famous shopping street, what would you say? Fifth Avenue in New York? Or maybe Oxford Street in London?
Well, whoever you’re picturing, you’re wrong. Rodeo Drive in Beverly Hills is the most famous shopping street in the whole world – and with good reason! Of course, Rodeo Drive is just the tip of the iceberg when it comes to what makes Beverly Hills such a special place to live.
As well as being home to some of the world’s most beautiful architecture, Beverly Hills is also one of the most diverse places to live in the country. Whether you’re looking for a higher-than-average salary, a great education for your children or a stunning climate, you’ll find it here.
So, Why Is Housing in Beverly Hills So Expensive?
Because the city is home to such a vast number of luxury homes, many of which are owned by celebrities and single people, Beverly Hills has a very high demand for rental properties. If a beloved actress needs somewhere to stay while filming in town, or a musician needs a place to practice while on tour, they’ll often have their pick of some of the most luxurious properties in the city.
Of course, this isn’t to say that Beverly Hills doesn’t also have plenty of families and individuals who live here, too.
The high demand for rental properties in Beverly Hills means that homeowners here generally have the upper hand, and are able to charge higher-than-average rent. This in turn means that homeowners can expect to make a healthy return on their investment, which, in turn, means that properties in Beverly Hills are expensive. If you’re hoping to buy a home in this city, be prepared to spend a lot of money!
Luxury Homes For Sale in Beverly Hills
As we’ve discussed, Beverly Hills is home to a large number of luxury homes. If you’re looking for a luxury home in Beverly Hills, you’ll have no shortage of options.
Most of these properties are located in the Rodeo Drive area of the city, which gives you easy access to the city’s most famous shopping street. If you’re hoping to find a luxury home in Beverly Hills, be prepared to spend a lot of money. The most expensive property currently listed in this city is a jaw-dropping $22,000,000. If you’re looking for something a little more reasonably priced, you may want to check out these luxury homes for sale in Beverly Hills.
The Bottom Line
Beverly Hills is an extremely desirable place to live. This is thanks to its stunning architecture, eclectic population and close proximity to Los Angeles.
If you’re hoping to buy a home in Beverly Hills, make sure you start saving now. Beverly Hills is an expensive city to live in, so you’ll need to be sure you have a sizeable down payment saved up before you start looking for homes to buy.