Beverly Hills MARKETWatch, 12 New Homes & 3 Condos For Sale and 4 Properties Sold the past 7 day

From: Beverly Hills, CA

Partly cloudy and warm (78° F)

Income tax filing day was yesterday, so, thankfully, it is now old news. Back on the topic of real estate, there continues to be a very active market. Interest rates remain low, and the local rent market continues to be hot with rentals rates continuing to rise. This has an interesting effect on the entry-level market. As renters see their rents increase, along with continued low interest rates, many are deciding to forgo renting and make their first home purchase. This is creating more activity in sales. We should see this occur throughout the year.

Here are the three new listings in the Beverly Hills area that I am highlighting this week. You can find the expanded information sheets and photos of these listings by clicking on the "Highlighted Properties".

1) 225 S. CRESCENT DRIVE (16-114246)

The first new listing this week is a Mediterranean-style home located just south of Wilshire Blvd. in the heart of Beverly Hills. This two-story home has five bedrooms and five bathrooms and features wide-plank hardwood floors and a chef’s kitchen with a breakfast nook, for a total of3,900 square feet. The home is on a 6,070 square-foot lot with a grassy backyard. Asking price for this Beverly Hills home is $3,995,000.

2) 1109 SAN YSIDRO DRIVE (16-115664)

The next highlighted listing this week is a Spanish-style home located north of Sunset in Beverly Hills. This two-story home has five bedrooms and five and one half bathrooms and features a grand living room with a massive fireplace and a chef’s kitchen, for a total of 4,837 square feet. The home is on a 14,445 square-foot lot with a swimming pool and spa. The asking price for this Beverly Hills home is $5,750,000.

3) 2670 BOWMONT DRIVE (16-115320)

The last highlighted listing this week is a Mediterranean-style home with sweeping ocean and canyon views located in the Beverly Hills Post Office (BHPO) area. This two-story estate has seven bedrooms and eight and one half bathrooms and features a library and gourmet eat-in kitchen, for a total of 10,600 square feet. The home is on a 53,320 square-foot lot with a swimming pool and a spa. The purchase price for this BHPO home is $7,795,000.

Please give me a call at 310-309-7304 if you have any questions about any of the new listings this week.

Warmly,

Matthew Greenberg

Matthew Greenberg, Realtor ®

CAL BRE #01073057

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