Beverly Hills MARKETWatch, 16 New Homes & 3 Condos For Sale and 4 Properties Sold the past 7 day
After a couple of weeks of Southern California winter-like weather we are back to our comfortable mild and sunny weather. Getting off the subject of weather and onto the subject of real estate, I noticed some very interesting things while reviewing our local market. While there continues to be a number of new listings coming onto the market, overall inventory of both single family homes and condominiums is very low at the present time. I do not recall a time when I have seen so few properties available for sale. What this means to you is that there are more buyers looking for new homes than there are sellers looking to sell their homes. These conditions historically have led to both prices and the rate of increase of prices to rise. If inventory levels remain as they are now, I am expecting prices to increase more in 2017.
Here are 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) 2100 N. BEVERLY DRIVE (17-195846)
The first new listing this week is a traditional-style home located in the Beverly Hills Post Office (BHPO) area. This remodeled two-story home has four bedrooms and three and one half bathrooms and features a grand master suite a chef’s kitchen, for a total of 3,267 square feet. The home is on a 34,091 square-foot lot with a swimming pool and a detached two-room guest house. Asking price for this BHPO Hills home is $4,150,000.
2) 952 N. ALPINE DRIVE (17-196944)
The next new listing this week is a Country French estate located north of Sunset Blvd. This two-story estate has seven bedrooms and eleven bathrooms and features a screening room, a wine cellar, a billiards room and a wood-paneled library, for a total of 11,478 square feet. The home is on a 33,800 square-foot lot with a swimming pool and manicured landscaped gardens. Asking price for this Beverly Hills estate is $18,950,000.
3) 1006 N. LAUREL DRIVE (17-195664)
The last highlighted listing this week is a villa set behind private gates located north of Sunset Blvd. This newly-constructed two-story home has six bedrooms and eleven and one half bathrooms and features a grand main foyer, a wine room, a movie theater and a stunning gourmet kitchen, for a total of 17,400 square feet. The home is on a 39,316 square-foot lot with a swimming pool and a putting green. The purchase price for this brand-new Beverly Hills estate is $34,995,000.
