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What it's Like Living in Beverly Hills

As someone who has called Beverly Hills home for six decades and spent 45 years helping clients navigate its luxury real estate market, I've witnessed this city transform while maintaining its timeless appeal. I'm Marty Halfon, and I've seen Beverly Hills evolve from a quiet luxury enclave to one of the world's most coveted real estate markets. Let me share my insider's perspective on what makes this community truly special.

The Beverly Hills Market Today - A Veteran's View

Having closed hundreds of deals in this area, I can tell you that today's market reflects both change and consistency. Currently, we're seeing a median list price of $6,195,000, with properties averaging $1,819.20 per square foot. But these numbers only tell part of the story. What makes Beverly Hills unique is its enduring value proposition – something I've watched appreciate steadily over my 45-year career in real estate.

The Beverly Hills "Golden Rule"- Location, Elevation, and Value

One of the first things I tell my clients – and something that hasn't changed since I started in this business – is how property values correlate with elevation. Here's what decades of experience has taught me:

  • The higher you go into the hills, the more valuable the property becomes – a principle I've seen hold true through multiple market cycles
  • North of Santa Monica Boulevard, you'll find what I consider the true essence of Beverly Hills: exclusively single-family homes
  • The downtown area has evolved over my time here to offer more variety, including luxury condos that weren't available when I started my career

The Neighborhoods I Know Like My Own Backyard

The Flats

I've lived in and sold countless homes in The Flats, and I can tell you it offers something special:

  • Some of the most meticulously maintained luxury homes in the city
  • True walk-everywhere lifestyle that many of my clients dream about
  • Lot sizes that have become increasingly precious over the years

Trousdale Estates

I remember when Trousdale was just being developed, and I've watched it become one of our most prestigious addresses:

  • Views that I still find breathtaking after all these years
  • Mid-century architecture that has only appreciated in value and status
  • A unique microclimate that often sits above the fog line

Benedict Canyon

Having sold properties here since the 1970s, I can attest to its enduring appeal:

  • The perfect balance of privacy and accessibility
  • A mix of historic estates (some of which I've sold multiple times over my career) and stunning new constructions
  • A favorite among my privacy-conscious celebrity clients

Life in Beverly Hills Is More Than Just an Address

After 60 years as a resident, I can tell you that living here offers experiences you simply can't find elsewhere:

Community Benefits I've Personally Experienced

  • Our police and fire departments know many residents by name
  • Schools that have educated generations of Beverly Hills families
  • Those iconic palm trees? I've watched many of them grow to their current heights
  • A cultural scene that has only gotten richer over the decades
  • A small-town feel that's survived in the heart of LA's westside

Location Advantages That Never Get Old

  • Our famous 90210 zip code still turns heads
  • Rodeo Drive - I've watched it transform from a local shopping street to a global luxury destination
  • Centrally located between the beach and downtown, something my clients always appreciate
  • The Beverly Center area has become its own luxury destination
  • A cultural community that keeps getting stronger

Alternative Areas I Often Recommend

When clients ask about alternatives, here's what my 45 years of experience suggests:

Critical Insights from 45 Years in Beverly Hills Real Estate

Market Wisdom I've Gained

  • I've seen enough market cycles to know that initial listing prices often need adjustment
  • The importance of comparables hasn't changed in my 45 years of selling
  • Having access to comprehensive MLS data is more crucial than ever

Property Types and Pricing Reality

  • Entry luxury has evolved from $1 million in my early days to $5 million today
  • Ultra-luxury properties now reach prices I couldn't have imagined when I started
  • I've watched architectural trends come and go, but quality always remains in style

Important Details I Always Share

  • The Los Angeles city limits distinction matters more than ever
  • The new mansion tax is something I make sure all my clients understand
  • While Beverly Hills stays quiet at night, nearby West Hollywood provides the excitement

The Value of Experience in Beverly Hills Real Estate

After 45 years in this market, I can tell you that local knowledge makes all the difference. Every street, every block, and every neighborhood has its own story and value proposition. Whether you're buying or selling, having someone who has lived through the market's evolution can provide invaluable perspective.

Looking to Make Beverly Hills Your Home?

In my six decades as a resident and 45 years as a realtor, I've seen Beverly Hills maintain its position as one of the world's premier real estate markets. While prices have changed dramatically since I started, the fundamental appeal of Beverly Hills remains constant: it's a community that offers an unparalleled quality of life.

Ready to explore what Beverly Hills has to offer? With my lifetime of local knowledge and decades of real estate experience, I'd be happy to show you why I've chosen to spend my life in this exceptional community.

Blogs

Selling a House in Beverly Hills: Your Ultimate Guide

Marty Halfon  |  January 1, 2025

Is It Time to Sell Your House in Beverly Hills?

2025 Housing Market Predictions: Major Shift in the Real Estate Market Ahead

Marty Halfon  |  December 4, 2024

Hottest Housing Markets for 2025: 10 Hottest Housing Markets

Marty Halfon  |  January 22, 2025

Things to do in Beverly Hills: Your 2025 Guide

Marty Halfon  |  January 21, 2025

Beverly Hills: More Than Just Glitz and Glamour

Finding the Perfect Realtor: More Than Just Selling Homes

Marty Halfon  |  December 6, 2024

Downsizing in Beverly Hills: A Comprehensive Guide to Simplify Your Life

Marty Halfon  |  November 17, 2024

Beverly Hills Luxury Real Estate Expert Reveals A Possible $117,500 Annual Savings Through Strategic Downsizing

Marty Halfon  |  December 4, 2024

A Guide to Property Taxes in Beverly Hills, California

Marty Halfon  |  November 24, 2024

The savings might shock you!

Best Neighborhoods in Beverly Hills: Luxury Living in the Heart of LA

Marty Halfon  |  July 12, 2024

Beverly Hills offers diverse luxury neighborhoods for upscale living.

Use a Buyer's Agent

Marty Halfon  |  April 11, 2024

This is beneficial during the negotiation process.

The Advantages of Different Types of Mortgage Lenders

Marty Halfon  |  April 4, 2024

If you ask a loan officer, “What kind of lender is best?

Beverly Hills Real Estate 90210

Marty Halfon  |  April 1, 2024

The allure of Beverly Hills real estate is undeniable.

Creative Financing

Marty Halfon  |  March 28, 2024

Will you, the seller, need title insurance?

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Work With Marty

Specializing in luxury residential and commercial real estate across the greater Los Angeles area, Marty collaborates with buyers and sellers alike. From Beverly Hills to the Pacific Palisades, Marty's unparalleled knowledge and expertise set him apart. His early career focused on enhancing and innovatively renovating properties, providing him with a distinctive insight into the market.