Sunday, January 1, 2012

Real Estate Trends in Beverly Hills

The rich and famous across the world share a common dream-owning a home in Beverly Hills. 90210 real estate houses the Westside elite, including heirs, CEOs, movie stars, foreign and domestic dignitaries, media barons, artists and other top notch professionals. If you want a piece of Beverly Hills high-end luxury real estate, then start looking for that perfect property right now, because the markets are holding strong.

Recent figures show that up until July 2011, there were a large number of sales in the $5 million-plus range. In 2011, buyers looking for homes in the $10 million-plus bracket also found more of what they were looking for when compared to 2010. The sales figures for homes worth $20 million and up have also been promising, with a more than three times sales increase when compared to 2010.

Realtors operating in 90210 have consistently confirmed the resurgence of buying and selling activity in 2012. Great listings are being brought out in the market as buyers are in the purchase mode, thanks to the stock market rebound that have helped high end buyers. The upsurge has been noted and brought to light throughout Los Angeles's Westside including Brentwood, Bel Air, and Beverly Hills.

The market has caught pace with buyer demand. Buyers now have to make their choices faster because the houses are on the market for a shorter duration as compared to last year. Leading real estate new sites regularly report that the average time a Westside home has remained on the market in 2010 was 115 days. But the rush to get a 90210 address has increased among the affluent buyers as the number of days a house is in the market is now only 88 days.

If you choose to rent your Beverly Hills home instead of living in it, then you stand to make good profits. Trends indicate that rents all across Los Angeles will rise by about 8% in 2012 and will continue rising at 9.6% by the end of 2013. This real estate upswing is a good incentive to you, as a buyer, to invest in Beverly Hills.

High end and luxury homes in the Westside are attracting buyers looking for a taste of the glamorous life. This increasing popularity means that homes are in high demand so buyers must act quickly. The ideal time to buy that perfect luxurious home in Beverly Hills is right now. Fulfill your dream of living in the lap of luxury, glamor, and sophistication by buying your very own home in 90210. Real Estate trends reveal that this is the best time to buy property in the area.

The writer is associated with Myra Nourmand, the leading real estate expert in Beverly Hills, California. Real estate advice provided by Myra is unparalleled. In fact, she's known as the First Lady of Beverly Hills real estate.

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