Aaliyah, Other/Just Looking in San Diego, CA

Why are some of the houses in beverly hills so cheap?

Asked by Aaliyah, San Diego, CA Mon Mar 23, 2009

I did the math of the estimated square feet and the cost of each square feet and it comes up to the price. Is there a reason why the houses are cheap?

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Dana Schuster, Agent, Slidell, LA
Tue Mar 24, 2009
You might be looking at monthly rentals. Trulia does not list rentals but sometimes someof the high end ones slip in.
0 votes
Grant Linsco…, Agent, Los Angeles, CA
Mon Mar 23, 2009
Hi Aaliyah,

You might be looking at the defaulted loans of certain properties rather than actual sales prices (ex: multiple houses for under $800K). Prices have come down and high end properties aren't selling at the high pace they once were, but I haven't seen too much of a dramatic drop. Just keep in mind that if it looks too good to be true, it probably is.

Best Regards,
0 votes
Tova Sarir, Agent, Beverly Hills, CA
Mon Mar 23, 2009
Hi Aaliyah,
Which houses do you refer to?
The cheapest house in Beverly Hills currently on the market is listed at $1,100,000.-
You can check out my Beverly Hills Blog and see how the Beverly Hills housing market is doing.

Best,
Tova Sarir
Keller Williams Realty Beverly Hills
310-497-1930
http://www.tovasarir.com
homes@tovasarir.com
Web Reference:  http://www.tovasarir.com
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