Beverly Hills, CA Real Estate News

By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
Dr. Phil has listed his Beverly Mediterranean Villa for $16.5 Million. According to The MLS, the 8-Bedroom 7-Bathroom house is over 11,000 square feet. The home features a theater, gym, billiard room and a detached 2-bedroom guest casita. Dr. Phil and his wife bought the home in 2002 for $7.5 Million. According to The LA Times, Dr. Phil and his wife are selling because they have bought a hillside view home that they've been admiring for years. Listed by William Dolan of Hilton & Hyland - Photos by photographer Marc Angeles.
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By Valerie Fitzgerald, Luxury Real Estate in Beverly Hills & West LA
(Coldwell Banker Residential Brokerage)
International home buyers are increasingly attracted to property in the U.S., according to the National Association of Realtors’ 2010 Profile of International Home Buying Activity. Several factors, including the strength of the dollar, the value and desirability of U.S. real estate, and the emerging economic recovery, continue to drive international interest in owning a home in this country. “While all real estate in the U.S. is local, the same is not true for property owners,” said NAR President Vicki Cox Golder. “The U.S. continues to be a top destination for international buyers from all over the world. Foreign buyers understand the value of owning a home in this country and can rely on Realtors to help guide them through the complex process of buying property in the U.S. With expert...
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By Stewart Penn - BRE# 01339266, Stewart Penn - Associate Broker
(Windermere Real Estate - Palm Springs)
June 2010: Number of Homes Sold: 15 Average Days on the Market: 49 Median Price: $1,642,000 Average List Price: $3,694,000 Average Selling Price: $3,500,000 Lowest Price Home Sold: $1,045,000 Highest Price Home Sold: $8,200,000 Total Sold in Dollars: $52,500,000 Search The MLS - Stewart Penn - Realtor for homes, condos & lofts in Los Angeles, Beverly Hills, Bel Air, Santa Monica, Malibu, Brentwood, Century City, Westwood, Beverly Center, Miracle Mile, West Hollywood, Sunset Strip, Hollywood Hills, Hancock Park, Sherman Oaks, Studio City and throughout the greater Los Angeles area. Information obtained from The MLS is deemed accurate but not guaranteed. Figures have been rounded off for ease of comparison.
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
Beverly Hills Condos | Beverly Hills Realtor | 90210 Condos Beverly Gills Condo Sales for June 2010: Number of Units Sold: 6 Average Days on the Market: 34 Median Price: $780,000 Average List Price: $1,623,000 Average Selling Price: $1,610,000 Lowest Price Condo Sold: $515,000 Highest Price Condo Sold: $5,750,000 Total Sold in Dollars: $9,660,000 Search The MLS - Stewart Penn - Realtor for homes, condos & lofts in Los Angeles, Beverly Hills, Bel Air, Santa Monica,  and throughout the greater Los Angeles area. Information obtained from The MLS is deemed accurate but not guaranteed. Photos courtesy of The MLS.
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By Valerie Fitzgerald, Luxury Real Estate in Beverly Hills & West LA
(Coldwell Banker Residential Brokerage)
Heart and Sold, written by top selling Los Angeles celebrity real estate broker Valerie Fitzgerald, takes you on a journey through the emotional and tangible challenges of regaining one’s personal power while building and maintaining a successful business. The book recounts Fitzgerald’s personal journey from unemployed single parent to entrepreneur, philanthropist and corporate executive in the competitive L.A. real estate metropolis. From beginners just getting started to seasoned agents — or anyone in business looking to take their game to the next level — this step-by-step guide teaches readers the art of selling. Order it on Amazon.com. Heart and Sold shows readers how to: Manage clients with style Choose the right company and the best mentor Establish a stellar reputation in their...
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By Christophe Choo, Locally Known - Globally Connected
(Christophe Choo Real Estate Group - Coldwell Banker Previews)
Christophe Choo of the Christophe Choo Real Estate Group at Coldwell Banker Beverly Hills Previews International in Beverly Hills gives you a quick market update on the Los Angeles, Beverly Hills, Bel Air & Holmby "Platinum Triangle" Market Areas. Our luxury home market has been booming with many sales from $10,000,000 to $60,000,000 The Christophe Choo Real Estate Group Beverly Hills Real Estate - http://www.ChristopheChoo.com Coldwell Banker Previews International Beverly Hills 301 North Canon Drive, Suite E Beverly Hills, California 90210 Direct line: (310)777-6342 Email: Christophe@ChristopheChoo.com Looking for homes, condominiums or investment properties in the Los Angeles Westside areas such as Beverly Hills, Bel Air Holmby Hills, and the Hollywood Hills? Find ALL the homes & pr...
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By Valerie Fitzgerald, Luxury Real Estate in Beverly Hills & West LA
(Coldwell Banker Residential Brokerage)
Los Angeles-based SunBrook Partners announce Valerie Fitzgerald as the exclusive sales agent for their new beach community development Latitude 33 which opened officially on Wednesday, June 16.Located in Marina Del Rey at 330 Washington Blvd, Latitude 33 is a collection of 122 homes three blocks from Venice Pier starting in the low $600s. The community is made up of luxury condominiums, town-homes and high-rise flats. The top three floors of the building are exclusively penthouse units. “This is a long awaited debut for this amazing and culturally-expanding community,” says Valerie Fitzgerald. “This project offers contemporary beach living with traditional Southern California lifestyle.” A modern beach-inspired community combining Los Angeles’ high-style attitude with the unique and ecl...
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By Valerie Fitzgerald, Luxury Real Estate in Beverly Hills & West LA
(Coldwell Banker Residential Brokerage)
Conditions in the U.S. housing sector improved a bit more than expected in April, as home prices in 20 major cities rose 3.8% on a year-over-year basis, according to the S&P/Case-Shiller U.S. National Home Price survey. They rose 2.4% year-over-year in March. Home prices in the 20-city index also rose 0.8% from March to April — the first month-to-month increase in half a year, Case-Shiller said. Economists surveyed by Bloomberg had expected home prices to rise 3.5% in April on a year-over-year basis. Meanwhile, the S&P/Case Shiller 10-city index rose 4.6%, on a year-over-year basis, and 0.7% from March to April. David M. Blitzer, chairman of the Index Committee at Standard & Poor’s, said that although the April data indicated improvement in the housing sector, the gains were enhanced b...
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By Valerie Fitzgerald, Luxury Real Estate in Beverly Hills & West LA
(Coldwell Banker Residential Brokerage)
Kendra Todd, host of My House Is Worth What?, tells you how to set your home apart and get the maximum price for your property. Liven Up the Landscaping Not only does good landscaping give you the highest return on your money, but it also can literally transform the exterior look and feel of your home. Hire a landscaper to do the job, or do it yourself for some old-fashioned sweat equity. Either way, be sure to turn your front yard into a colorful, floral oasis. Enhance Your Exterior Entryway Make your front door the centerpiece of your home's curb appeal. Repaint it a striking, tasteful color, or sand it down and stain it for an antique, weathered look. Finish the look with updated lights, potted plants on either side of the door and a new, high-end knocker and handle. Have a Welcoming...
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By Matt Sweeney, Rich Kids Real Estate
(Rich Kids Real Estate: The Brokerage)
As I have posted before, Beverly Hills can be tough waters to navigate when you are trying to find a well done home, condo, or townhouse at a reasonable price. Even at non reasonable prices, more times than not the property is going to need some work. If you haven't had the chance to see my new listing at 130 North Swall (1br/1ba), definitely give me a call or stop by my open this Sunday (6/20/10 - 2pm-5pm) - it literally is the nicest, best priced condo in the city of Beverly Hills at $595,000. Let's say that you need more space and are looking for an alternative to a single family home, but still want to stay in Beverly Hills. Today's Hot Prop is definitely worth a look. As I was previewing yesterday, the agent had mentioned that this particular unit was featured on one of Oprah's mak...
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The Christophe Choo Real Estate Group at Coldwell Banker Previews International Beverly Hills gives you a 90-day Market Update & statistics for homes for sale & sold in Beverly Hills 90210, 90211 & 90212 as of June 14, 2010.  Median Price, Inventory, Average Days On Market, Median Price Per Square Foot, Market Action Index.  Los Angeles Luxury Real Estate, Beverly Hills Homes, Beverly Hills Real Estate - http://www.ChristopheChoo.com       90-day stats for Single Family properties inBEVERLY HILLS, CA90210 as of June 11, 2010 Median List Price: $4,157,231 Average List Price: $6,108,503 Total Inventory: 241 Price per Square Foot: $828 Average Home Size: 5,042 Median Lot Size: 20,194 Average # Beds: 4.74 Average # Baths: 5.46 Homes Absorbed: 11 Newly Listed: 13 Days on Market: 236 Average ...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
The May statistics below reflecting Beverly Hills housing market  are taken from the MLS and are for single family homes only.  They do not include condos, income property, or private sales. May figures for Beverly Hills are down.  The median price and number of homes sold are down$2.750M in April and $2.676M in May. Days on the market for homes sold is down by 10%, but the months supply of inventory is up by one and a half months to 10.5 making it an extremely poor sellers' market..  There are 21% more homes under contract.  May was a pretty sluggish month for Beverly Hills sales. Search Beverly Hills Homes for Sale
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By Dorene Slavitz, Experienced. Ethical. Outstanding Results!
(Residential & Commercial Real Estate)
  Is this a Good Time for a Mortgage?       Yes!     In early June, the national average interest rate for a 30-year, fixed-rate conforming loan (under $417,000) was 4.9%,   "These are the best rates we'll see for a decade, and I don't expect them getting better." Business is slow right now, so lenders may even bid for your business if you have good credit. Lending standards remain tight, and lenders have been picky even with the best-qualified borrowers.Freddie Mac, which set the standards for mortgages they buy from lenders, require a minimum credit score of 620; you'll get the best rate if your score exceeds 720 (Federal Housing Administration) requires a minimum credit score of 580 to qualify with a down payment of 3.5%. FHA The 30-year fixed rate for conforming jumbo loans ( for ho...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The question is should I wait for Prices to drop? What if rates go up? As a Southern California Realtor I monitor the Real Estate Market very closely as well as the economic indicators. I feel like I should  just scream, when I hear Respected  Economists,  members of the Federal Reserve Board and Politicians speak and creating misinformation to potential buyers and creating potential future economic problems for us, as well as the rest of the world.Many buyers are listening and hearing that there is another wave of price drops in the works due to more Loans Re-setting.  So is it in their best interest to wait till prices drop some more? Then I am listening to one of the members of the Federal Reserve Board giving a speech that the government should raise the Interest Rate since the econ...
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By Valerie Fitzgerald, Luxury Real Estate in Beverly Hills & West LA
(Coldwell Banker Residential Brokerage)
In an interview with Better TV, Valerie talks about the importance in finding creative solutions to business and personal challenges. "When you start being creative things start transforming in your business, personal and physical worlds and the process gets you on the right path," says Valerie. Three Tips for Achieving Success in This Economy... 1. Be Consistent. 2. Prioritize Your Lists. 3. Organize and Create Support Systems. For more tips on how to reinvent your life check out Valerie's book Heart and Sold: How to Survive and Build a Recession-Proof Business at Amazon.com.
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By Matt Sweeney, Rich Kids Real Estate
(Rich Kids Real Estate: The Brokerage)
I apologize in advance for the recent lack of posts! Things have been extremely busy on this end, including a Memorial Day move over the weekend. From my move comes some invaluable information that will be useful to rich kids everywhere! When you are looking for a new home (lease or buy), there are various schools of thought. Do you want a bigger space in an area that's nice, but isn't your dream location or would you prefer to have a smaller place in a prime location that needs some work? For me personally, I chose the latter. If you've read my Rich Kids Guide to Leasing, my first mantra is, "If you like it, take it". This is not a home purchase that requires a lot of thought. If you find a great deal in an amazing neighborhood, snatch it up ASAP because someone else will. In my case, ...
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By Valerie Fitzgerald, Luxury Real Estate in Beverly Hills & West LA
(Coldwell Banker Residential Brokerage)
In an interview on The Creating Wealth Show, Matthew Montagu-Pollock, the head of Global Property Guide, discussed his observations of the current state of the world’s real estate markets. From Australia to South America, he outlines what investors should be paying attention to in order to formulate smart investment strategies. From www.nuwireinvestor.com. Australia and New Zealand Real Estate Matthew launches this guided investment tour in Australia and New Zealand where favorable lending rates have helped markets buck the latest downward trend. Unfortunately, rates suppressed in the interest of economic recovery inevitably rise, and prices haven’t fallen far enough to warrant “a happy investor strategy.” As with much of the world’s property market, Matthew recommends delaying entry 3...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
Stewart Penn | Penn Properties | 310.844.6515 200 Swall Drive #PH1, Beverly Hills, CA Magnificent Penthouse in Full-Service Building 2BR/2BA Condo $3,500/month Bedrooms 2 Bathrooms 2 full, 0 partial Sq Footage 1,440 Parking 2 dedicated Pet Policy No pets Deposit $7,000 DESCRIPTION Magnificent Penthouse in full service, security building in the heart of Beverly Hills. Spacious bedrooms on either side of the unit, each with their own marble baths and large organized walk-in closets. Master bedroom accesses the patio. Formal entry with coat closet. large living room has a fireplace and built-ins and opens onto a large patio. Well equipped kitchen with eat-in area. Freshly painted. Laundry room. This wonderful security full service building has a heated pool, spa, mens and womans sauna, fu...
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By Stewart Penn - BRE# 01339266, Stewart Penn - Associate Broker
(Windermere Real Estate - Palm Springs)
Stewart Penn | Penn Properties | 310.844.6515 200 Swall Drive #PH1, Beverly Hills, CA Magnificent Penthouse in Full-Service Building 2BR/2BA Condo $3,500/month Bedrooms 2 Bathrooms 2 full, 0 partial Sq Footage 1,440 Parking 2 dedicated Pet Policy No pets Deposit $7,000 DESCRIPTION Magnificent Penthouse in full service, security building in the heart of Beverly Hills. Spacious bedrooms on either side of the unit, each with their own marble baths and large organized walk-in closets. Master bedroom accesses the patio. Formal entry with coat closet. large living room has a fireplace and built-ins and opens onto a large patio. Well equipped kitchen with eat-in area. Freshly painted. Laundry room. This wonderful security full service building has a heated pool, spa, mens and womans sauna, fu...
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By Dom Naidoo, Malibu to the Marina Real Estate
(Westside Properties)
Shannon grew up in the Windy City where she developed a strong desire to experience the world and immerse herself in its different cultures.  After graduating from American University in Washington, D.C., she spent time living in Turkey, Jordan, and Morocco.  While abroad, Shannon developed close friendships that eventually became part of her network of high net-worth and foreign business associates.   Shannon began her career on Wall Street as a trader for an institutional stockbroker.   A few years later, she realized that it was time to combine her business savvy with her passion for working with people. Shannon moved to Los Angeles to pursue her true calling: devoting herself to putting people in their dream homes.    Over the past few years, Shannon has placed her high-profile clie...
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