If you are considering purchasing a home are you interested...

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708
https://activerain.com/droplet/5cNB

If you are considering purchasing a home are you interested to know what the demographics of the neighborhood consists of? My take is that this question is usually secondary, the primary concern is if you like the home and can you see yourself living in it? Where do I come off with this idea? The answer is simple, let me use an example:

In my market in the coveted 90210 zip code there is a home on the market for $135,000,000.00 indeed it is not a typo it is $135 million. Now with that said the house 12 bedrooms and 24 bathrooms and an approximate living square feet consisting of about 38,000 sq. ft. on a lot size of 225,516+/- sq. ft. of land.

Now with that said what are the neighborhood demographics?

Chart7

 

Clearly if you can afford to buy a home in this price range you will be a minority as to the income level. Never the less I am confident that the focus will be more on what the home has to offer rather what the neighborhood demographics consist of. Now with that said let's look at some more demographic information:

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Chart6

 

I for one think something that ways more on the individuals mind when considering purchasing a home of this magnitude is what the climate is like? Once they determined they love the home and it's features the next focus is on the climate:

Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Chart3

So with that said could you live in this type of mild climate? For someone who has lived here for over 20+ years I can attest to it that you would love it.

NOW IF YOU ARE INTERESTED in this home or similar homes of this magnitude please reach out to me there are a dozen that fit this criteria!

Now if you are looking for a principal centered Beverly Hills Realtor who is looking out for your best interest as a buyer or seller of real property, please reach out to me directly!

If you are looking for a focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly!

If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com  I contribute a portion of my commission to local animal rescue organizations.

 

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Rainmaker
2,958,994
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

James Dray  let us know what your budget is and I am confident we will find you something...Endre

Jun 16, 2018 09:52 PM #16
Rainmaker
2,958,994
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Gita Bantwal  with a referral we can have you come in...Endre

Jun 16, 2018 09:53 PM #17
Rainmaker
2,958,994
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kat Palmiotti  my father used to say Holly Moly:))Endre

Jun 16, 2018 09:54 PM #18
Rainmaker
2,958,994
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Sally K. & David L. Hanson  often it takes a couple years to sell one of these:)Endre

Jun 16, 2018 09:55 PM #19
Rainmaker
2,958,994
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Sheri Sperry - MCNE®  indeed what helps you to comprehend is the fact that you lived here, you get it:)Endre

Jun 16, 2018 09:56 PM #20
Rainmaker
2,665,427
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Prices are a little up there, but I like all of it! Love it quite a bit! Greatness!

Jun 16, 2018 10:53 PM #21
Ambassador
2,891,150
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Another great minds moment, Endre! Seriously, you're right - buying in the 90210 zip code does put you in the minority and clearly, demographics are of no concern to one buying there either! As you said, the weather is more important to them!

Great post and man, I LOVE that house - there's nothing better than a home with a view and glass-filled walls to enjoy that view!

Jun 16, 2018 10:59 PM #22
Rainmaker
2,958,994
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wayne Martin  there are a handful which are even pricier than this one, Endre

Jun 17, 2018 01:00 AM #23
Rainmaker
575,442
Debra Leisek
Bay Realty,Inc Homer Alaska - Homer, AK

That is a beautiful home! Where do I sign!! Ha!

I hope you sell it and then take a cruise to Alaska!!!

Jun 17, 2018 01:31 AM #24
Rainmaker
2,353,365
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I just hope those that live in such a "home" are happy or what is the point?

Jun 17, 2018 05:45 AM #25
Rainmaker
2,958,994
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Gabe Sanders  well said indeed there are a couple places in Los Angeles we call Billionaire's Row...

Jun 17, 2018 11:30 AM #26
Rainmaker
2,958,994
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Roy Kelley  just tell me the budget and we will find you a home, Endre

Jun 17, 2018 11:31 AM #27
Rainmaker
2,958,994
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Debb Janes EcoBroker and Bernie Stea JD  that is a good way to put it:))Endre

Jun 17, 2018 11:32 AM #28
Rainmaker
3,638,301
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Endre Barath, Jr.,

Now that is a magnificent home with a spectacular view, architecture and price tag!! I'm sure it does take a couple of years to sell a home like this!

Jun 17, 2018 04:52 PM #29
Rainmaker
252,661
Shirley Coomer
Keller Williams Realty Sonoran Living - Phoenix, AZ
Realtor, Keller Williams Realty, Phoenix Az

What a magnificent home!  Definitely few buyers for this but we know they are out there, but it may take a while to find them!!

Jun 18, 2018 06:18 AM #30
Ambassador
1,808,292
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Great market report Endre Barath, Jr. never saw market reports feature before perhaps this is a new trend .I like the way you focused this report .

Jun 18, 2018 01:23 PM #31
Ambassador
3,782,774
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Endre

I would imagine that at the ultra rich price point the demographics would be less important...although given where homes like that are, I suspect one does not have to be concerned. And you can just spent time at another one of your houses from time to time.

Jeff

Jun 18, 2018 10:23 PM #32
Rainmaker
2,958,994
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Grant Schneider  unfortunately not mine, the good news is I might get the buyer for it:)Endre

Jul 14, 2018 11:16 AM #34
Rainmaker
2,958,994
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

William Feela  great point, on a side note there is another home on the market in a similar price point and the seller will pay for the crew for one year if you purchase it, so with that said it could be a point of negotiation:)Endre

Jul 14, 2018 11:18 AM #35
Rainmaker
2,958,994
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Carol Williams  honest it is still a good neighborhood:))Endre

Jul 14, 2018 11:18 AM #36
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Endre Barath, Jr.

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