Beverly Hills Real Estate Guide

A Helpful Guide to Real Estate in the City of Beverly Hills, CA

Planning to move to Beverly Hills in the near future? Or perhaps you're already a resident but you plan to buy a home soon? In either case, our Beverly Hills real estate guide will help you by providing useful information and resources for your decision-making process.

Beverly Hills Stats - Geography, Population & More

Before purchasing real estate in a particular city — be it Beverly Hills or any other city in the country — it's important to learn as much as you can about the city's climate, geography, entertainment opportunities, lifestyle, housing prices and more. Even in a city like Beverly Hills, which attracts those interested in a luxury lifestyle, there is still the need for research. So let's start with a geography and population overview.

Beverly Hills is located in the western part Los Angeles County, in Southern California. In fact, the city of L.A. completely encircles the city of Beverly Hills. The Santa Monica Mountains lie to the north, and they are what create the hills of the city's namesake. In truth, however, most residents of Beverly Hills reside in the flat parts of the city, an area that includes all of Beverly Hills south of Sunset Boulevard. In addition to Sunset, other major through-roads include Wilshire Boulevard and Santa Monica Boulevard.

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While most people live in the flatter parts of the Hills, there are certainly plenty of real estate choices up in the hills proper. As you might imagine, the housing prices increase with the elevation. Or, more accurately, the house prices increase with the quality of the view. In other words, the most expensive homes in Beverly Hills are truly in the hills.

Real Estate in Beverly Hills

It probably comes as no surprise that the Beverly Hills real estate market is the most expensive in the United States. That's one of the things the city is known for. In fact, USA Today did an interesting comparison between Beverly Hills (the most expensive real estate market in the country) and Killeen, Texas (the least expensive market). They found that a 4-bedroom, 2,200-square-foot home in the Hills cost $2.1 million more than a similar sized home in Killeen, Texas.

How have the prices changed in recent years? Well, in 2005 the average sales price for homes in Beverly Hills was just over $1.6 million. In 2007, the median home price in the Hills was reported to be $2.2 million.

Home prices dropped in 2008 as a result of the economic crisis in the United States (i.e. subprime mortgage meltdown and looming recession). As of this writing, it's too soon to say if the prices will bounce back up to 2007 levels or higher.

Current and aspiring residents of Beverly Hills will typically argue that the lifestyle in their city is worth the price they pay. Whether you agree with this notion or feel that Beverly Hills real estate is wildly overpiced is, of course, a matter of opinion.

Related Resources

We hope you have enjoyed this brief tutorial on the real estate scene in Beverly Hills, California. Here are some additional resources to help you learn more about the city in general.

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