Beverly Hills MARKETWatch, 11 New Homes & 5 Condos For Sale and 10 Properties Sold the past 7 da

It is the first week of February already. Where did January go? At the risk of sounding like a broken record, inventory levels of both single family homes and condominiums remain at very low levels. Based on the laws of supply and demand that I learned so many years ago taking economics class in college, this shortage of supply can only lead to home prices rising. This is a trend that I will track as the weeks and months progress.

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".

1280 Monte Cielo Drive, Beverly Hills

1) 1280 MONTE CIELO DRIVE (17-197630)

The first new listing this week is a French Normandy-style home located north of Sunset Blvd. in the Beverly Hills with city and canyon views. This two-story home has six bedrooms and seven bathrooms for a total of 5,214 square feet. The home is on a 26,287 square-foot lot and rests upon a lovely knoll. This one is perfect for upgrading in a fantastic location. Asking price for this Beverly Hills home is $4,750,000.

1549 Lindacrest Drive, BHPO 90210

2) 1549 LINDACREST DRIVE (17-199366)

The next home this week is a Tuscan-style home located in the Beverly Hills Post Office (BHPO) area. This remodeled two-story home has four bedrooms and four and one half bathrooms and features a luxurious master suite, a gym and a spacious chef’s kitchen, for a total of 4,583 square feet. The home is on a 10,886 square-foot lot with a swimming pool and landscaped backyard. Asking price for this BHPO home is $5,395,000.

908 Hartford Way, Beverly Hills

3) 908 HARTFORD WAY (17-197676)

The last highlighted listing this week is a Contemporary Mediterranean-style home located north of Sunset Blvd. This two-story home has six bedrooms and six bathrooms and features a grand two-story entry, a wine cellar, a cigar room and a large gourmet kitchen, for a total of 9,142 square feet. The home is on a 35,532 square-foot lot with a swimming pool and beautifully landscaped grounds. The purchase price for this Beverly Hills estate is $19,500,000.

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