One of the most famous residential names in the world is Beverly Hills, a wealthy star-studded section of Los Angeles, California.

"Beverly Hills can boast of the reputation that comes with the words "Beverly Hills," says Realtor Liz Cooke. "From the exclusive boutiques on Rodeo Drive to the famous "Beverly Hills Hotel" on Sunset Blvd, this city will always hold the images of movie stars, expensive cars and one of the highest standards of living in the world. Centrally located in Los Angeles County between the communities of Bel Air and Hollywood, it is a short 15 minute drive to both the Pacific Ocean or the hustle and bustle of downtown Los Angeles.

"Beverly Hills has a dry, Mediterranean-like climate with little rain, low humidity and a lot of sunshine," says Cooke. "With a population of 32,000 people living in 5.7 square miles, Beverly Hills is considered one of the safest cities in California. In addition, residents have access to the very best libraries, health care, public schools and recreational activities. Home Prices range from $500,000 to $10 million."

"With many buyers wanting to live in Beverly Hills," continues Cooke, "there are very few homes available and we have seen home price appreciating very quickly. This past month we saw 55 homes sell with an average price of $1,372,005 and an average days on market of 95."

Notes Realtor Ruperto Elpusan, "The number of single family residences sold, month-to-date on August 14, 2003 is 19 homes, ranging in price from a low of $755,000 to a high of $4,995,000. There are currently 219 single-family residences active on the market, ranging in price from $469,000 to a high of $23,500,000. Of those, 194 are priced over $1 million."

Elpusan adds, "For condos, nine have sold so far in the month, ranging in price from $295,000 to a high of $1,425,000. Year-to-date, there have been 303 single-family residences sold in the city, with 236 of them over a million dollars.

He advises, "While it's true that it's a seller's market in general in the Southland, it is true also in Beverly Hills. And as would be expected of higher priced homes, the homes are on the market longer here than in other cities, but relative to prior periods here historically, homes are selling relatively briskly."

Published: September 10, 2003

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Blanche Evans is the award-winning senior editor of Realty Times, the Internet's leading independent real estate news service. She is featured daily on the Realty Times Video Network in the "Realty Viewpoint" segment. Blanche has been named one of the "25 Most Influential People In Real Estate" by REALTOR Magazine, and has been twice recognized as a "notable." In 2005, she was named "Top Reporter Covering the NAR" by Delahaye-Bacon's. Blanche is a renowned author of five real estate books. Her newest, Bubbles, Booms and Busts: Make Money In Any Real Estate Market, McGraw-Hill, was rave-reviewed by The New York Times. She was also selected from hundreds of real estate experts to contribute to Donald Trump's book, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies, Rutledge Hill Press, and is featured on page 68. Order Now Review - Honors In 2006, Blanche was selected among scores of candidates to author two consumer real estate guidebooks for the National Association of Realtors: The NAR Guide to Home Buying, and The NAR Guide to Home Selling, Wiley & Sons. She is currently planning two new books for the NAR and its members.       Known for her keen insight into real estate industry issues and for her ability to make complex subjects easy to understand, Blanche is a sought-after keynote and continuing education speaker. Real estate organizations from MLSs, to brokerages, to franchisors, to associations hire her to provide up-to-the-minute analysis of real estate industry news and advice on how to improve revenues. Her passionate delivery, peppered with stinging wit, is a huge hit with audiences and fans. Don Klein, CEO Greater Nashville Association of Realtors, Blanche Evans, Richard Courtney, president 2007, GRAR "The GNAR membership meeting last week featured Blanche Evans as the keynote speaker. Her comments and insights resonated extremely well with those in attendance and we have had many requests for copies of her PowerPoint Presentation. She was a terrific part of the membership meeting and convention program!" - Don Klein, CEO Greater Nashville Association of Realtors Coverage from WSMV, Nashville - 8-14-2007 That Interview Guy - Get Inside The Head Of Today's Generation 2007 AE Institute Session - To purchase 2006 AE Institute Session - Parts 1 2 3 4 5 6 7 8 9 HouseValues Mastermind call - Parts 1 2 Blanche's fireside chat with Jeremy Conaway, HAR - Click here. To contact Blanche, email her at . For more articles by Blanche, click here.