Beverly Hills, CA Real Estate News

By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Observations by a Beverly Hills Realtor, Endre Barath: Is there a real estate foreclosure wave coming? I have seen headlines that try to promote this idea, that a New Wave of Foreclosures is coming our way. Personally, my take is, those who push this idea are attention seekers who do not know what they are talking about. Their headlines and posts remind me of the Bait & Click concept or maybe they have an ulterior motive??Just to be clear I follow Altos Research & the Multiple Listings Data very closely and have not seen any indication of this “wave”. In addition, I listen to Steven Thomas who is a Quantitative Economics & Decision Scientists. If you do not follow him, you should, check out some of his pod cast, his focus is on California, and he is starting to expand his knowledge and ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
The short month of February is already approaching double digits and I thought I should send out my monthly observations.  All of us in the greater Los Angeles area were focused on the Atmospheric River four-day rainstorm that deluged us earlier this week. I hope that all of you reading this market observation post were safe and that your homes survived without damage.  I have had inquiries if I knew of any roofers.  Obviously, those in the roofing business are likely very busy right now or will be once winter is officially behind us.  On a positive note, just like last year we will experience a colorful spring and the wildflowers should once again entertain us with a super bloom.   On the real estate front thanks to mortgage rates remaining steady (overall in the mid- to low 6% range) ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Just wanted to wish you all a Happy Lunar New Year 2024 also known as the year of the Dragon. The Lunar New Year is a time of celebration and renewal in Chine’s culture. I always enjoyed the animal signs and what I have read is that on February 10th, 2024, we will enter the Year of the Wood Dragon.Some of you might know that, unlike in the solar calendar, which has fixed dated every month, the lunar calendar’s dates vary depending on the phases of the moon. In other words, the beginning and end of each year will not always coincide with the Gregorian calendar.Now let me share that the Dragon in Chinese culture holds a significant place as being an extraordinary creature in talent and excellence. It also symbolizes, power, honor, luck, nobility and success. So, with that said if you are ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
The Beverly Hills Market Snapshot of the Real Estate Activity, for the  90210 zip code. Check it out and let me know if you have questions. Wed Feb 07 2024This week the median list price for Beverly Hills, CA 90210 is $10,495,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has increased to 149. Market Action IndexThis answers “How’s the Market?” by comparing rate of sales versus inventory.  Slight Buyer's AdvantageThe market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.    Market SegmentsEach segment below represents approximately 25% of the m...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Recognition for 2024 Production by Berkshire Hathaway HomeServices California Properties.Berkshire Hathaway's Beverly Hills, CA office is proud to announce that Endre Barath. Jr. has achieved the Leading-Edge Society for 2023 This puts him in the top 9% of all Berkshire Hathaway Home Services Agents. Congratulations!!This announcement went out today to the entire BHHS community and anyone who follows them.Personally, I am thankful and grateful for the clients who got me this recognition. A heartfelt thank you from me. Feels great to be recognized every year.I have piles of awards in the garage Diane wants me to get rid of, now here will be one more added to the pile:) Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Some days are more challenging than others, today was one of those days that I have not experienced in quite a while. I call that a true test of Real Estate....Seldom does this happen but when it does, I reach to my favorite philosopher Marcus Aurelius and I calm down, clearly these problems are not new, they  have been around for over 3000 years.So, with that said let me quote some of Marcus Aurelius sayings, these few quotes are in no particular order or reason hope you will enjoy them:Soon you will have forgotten all things: soon all things will have forgotten you. Imagine you were now dead or had not lived before this moment. Now view the rest of your life as a bonus and live it as nature directs. Perfection of character is this: to live each day as if it were your last, without fre...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
With all the AI posts I would be remiss if I did not share one of my books that is hand reach from my laptop. It is called " Double Your Brain Power" written by Jean Marie Stine.If you have not read it may this post inspire you to look for it. Forget the AI stuff keep your brain and double its power.Here is a quote on page 19: You can put these University of California findings to work in your life right now.... here is the short version:1. Look at a clock or watch.2. Note how long it has taken you to read the past few pages.3. Now return to reading. This time, make a conscious effort to concentrate on reading as fast as you can without skipping anything,Now may I quote another message:In Today's world, you have only two choices:Stay as you are and continue to be overwhelmed by its dema...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Is everyone enjoying the latest spin of relentless repetitive messaging to use, or experiment with, Artificial Intelligence (AI)? As I log onto my laptop now, I am often greeted with "Create Stunning Images with AI". Thank you, but no, all I wanted to do was log in, check and reply to emails and do some leisurely browsing as I sip my coffee or drink my wine depending on the time of day. I've never been a fan of being pushy or pressured, I've never used those tactics on my real estate clients, yet here I find myself consistently on the receiving end of a pushy approach. How about: Hello, Endre! I can do even more with Microsoft Edge, ask me anything or pick a suggestion to get started!I've also noticed that if you express resistance or are not a fan of embracing this next wave, here come...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Observations / Look Back / Reflections of 2023, the Year in Review. by a Beverly Hills Realtor Endre Barath, thank you Dorie Dillard Austin TX  for reminding me to post this. From a real estate perspective, the market was probably one of the more challenging I've seen in over a decade. This was the perception portrayed by the media as well as many other people.  My observations are based on having been a Realtor for over 29 years, with 26+ being in the greater Los Angeles real estate market.   My take is every year is challenging, just the challenges are different. Let’s not forget the Financial Crisis of 2007-2009 was certainly no picnic. When the recovery came, lenders tightened their standards for future home buyers. Ironically with the lower interest rates, buyers were able to affor...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Beverly Hills, CA 90210Fri Jan 05, 2024This week the median list price for Beverly Hills, CA 90210 is $10,995,000 with the market action index hovering around 29. This is an increase over last month's market action index of 27. Inventory has decreased to 136.  Market Action IndexThis answers “How’s the Market?” by comparing rate of sales versus inventory. Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.Again, this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
“Kindness is Invincible” Marcus Aurelius  “…if you can show them the better way. If you cannot, remember that this is why you have the gift of kindness…you can do it too. Or tell me-who is stopping you?...” Marcus Aurelius This is my third contribution to the Active Rain December Challenge Titled “Acts of Kindness” How appropriate the Host Kathleen Daniels, Probate & Trust Specialist   has taken on this challenge of co-hosting such a meaningful Active Rain Challenge. Needless to say, she has been on top of every post written and she interacted with every person who wrote or commented. No complaints no disgruntled or snarky comments, pure kindness from the host. I have hosted Active Rain Challenges over the years and it is not easy. It is labor intensive, for us hardworking Realtors duri...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
I had to share this post with all my readers, friends and acquaintances...When I was growing up as a child, my parents were always sharing their wealth and kindness in Communist Hungary. They would throw Christmas and New Years Eve parties and invite their friends, my father's coworkers, and acquaintances. We were living in a very comfortable lifestyle and could afford to do this. I had oranges, tangerines when people could not afford apples to name a few.My father always said, if we have enough for us, we need to share with others who do not. Now with that said, everyone looked forward to coming to the Barath's home for the once or twice luxurious meals and parties. Since my dad had wine and alcohol on top, he gave it away to all the guests who could not afford to buy them or get them ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Throwback Thursdays: photos from a Pet friendly Beverly Hills Realtor Endre Barath,Jr. I love looking on my phone and seeing snapshots I took of our pet.The photos are from June to September 2023 in no particular order. They all get along (mostly) and the snapshots prove it.When it is eating time Holly has first priority for Lunch & Dinner.In the morning Jill & Wiley have first priority, the good news is Holly stays in bed and could care less about early breakfast.Clearly, she is my dog, I can do without breakfast too and prefer to sleep in. Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me dir...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Wordless Wednesdays: Look what Santa bought. Gratefully I was home yesterday working of course but not on the road. The bell rang and there was Santa. Holly was barking but I was thrilled. Last few years the escrow company I often use sent me a Gingerbread House and now Diane & I look forward to when the moment happens to Santa's Arrival.May I quote Santa:  He said I was a good boy hence this was being delivered to me.  Thank you Overland Escrow!!!Now with that said hope Santa will be good to you as well. Wishing those who read this post a very Merry Christmas and may all your wishes come true.  Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you ach...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Monday Motivation: I am motivated every day, but this is a good time to share some wonderful motivational comments:1.  No more roundabout discussion of what makes a good man. Be one! (Quote by Marcus Aurelius)2. What is your profession? Beig a good man. But this can only come about through philosophic concepts-concepts of the nature of the Whole, and concepts of the specific constitution of man. (quote by Marcus Aurelius)3. Socrates used to question thus. "What do you want to have? The souls of rational or irrational beings?" 'Rational'. "What sort of rational beings? The pure or the lower?" 'The pure', "Why then don't you aim for that?" (Marcus Aurelius)  Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-or...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Monday Motivation: Another awesome message from Marcus Aurelius..."...when someone does you some wrong, you should consider immediately what judgement of good, or evil led him to wrong you.... when you see this, you will pity him, and feel surprised or anger.... you yourself either still share his view of good, or something like it, in which case you should understand and forgive: if on the other hand you no longer judge such things as either good or evil, it will be the easier for you to be patient with the unsighted...Well in all fairness I keep reading this message over and over, but I am having a hard time to follow, comply or execute it... How about you??? Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and go...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
As we count down the final days of 2023, I wish you peace and enjoyment as we enter the holiday season. While most focus on the holidays, savvy buyers and sellers continue to watch the economic reports to gauge what the Real Estate market is doing.  With interest rates now hovering between 6% to 6.75%, potential buyers have once again been given the potential to purchase homes that a few months ago seemed out of reach. A drop from 7.5-8.0% makes a significant difference to a buyer's purchase power.   In more news, the Federal Housing Finance Agency (FHFA) has announced that the loan limit for Fannie Mae and Freddie Mac mortgages in 2024 will increase in high-cost areas such as Los Angeles to $1,149,825.  This is good news for both buyers and sellers. On a side note, this is the 8th cons...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
There are many ways to conduct business what is your style? Is it with Charm & Savvy? Let me know your thoughts. I want to hear from those who are successful achievers in our profession! "... you can go into almost any business and have no hurdles to leap. That's never the case in selling, where every day you're confronted with new obstacles to overcome..." Tom Hopkins"...our standard of living is high because of the free enterprise system and the salesperson is the heart and soul of that system..."  Zig Ziglar" ... Just as you often judge other people by the initial impact they have on you, so are you likely to be judged yourself in the fist few moments of interacting with someone..." Ann Marie SabathWishing you a safe and healthy life and I look forward to your comments. If you are lo...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
If you have been considering buying, here is a great time to do so, the average interest rate as of Wednesday Nove 22, 2023 went down six basis points to 7.249 APR from a high of 7.849.Beverly Hills, CA 90210Fri Nov 24, 2023This week the median list price for Beverly Hills, CA 90210 is $9,872,500 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has increased to 164.The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.Market SegmentsEach segment below represents approximately 25% of the market ordered by price. Median Price Sq. Ft. Lot Size Beds...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
This question is often asked by potential relocation clients who have never been to the greater Los Angeles area. Having personally relocated from Boston, MA I keep telling everyone that we do have four seasons.I get skeptical looks in person, or detailed pauses on the phone and at times sarcastic comments back on Social Media platforms when I mention this message.The key difference is we have milder seasons. The temperatures are not as harsh as in other parts of the country.Do we have foliage changes? Absolutely is it as colorful as in CT., MA, NH, or Vermont? Not really but we do have leaves falling in the Fall and Winter. Well check out these illustrations I have included in this post.Some of my east coast friends tell me I have softened over the decades, when I tell them we are “fre...
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