With a negative national housing picture it is interesting to see Fox Business Online reports that there is bumper business in Beverly Hills and the Westside, LA,  California area.

A headline that one would only associate with the boom times of yesteryear are occuring right now in the Southern California real estate market. Some Real Estate brokers are reporting a dramatic increase in business as people scramble to snap up Beverly Hills real estate. Leading to demand outstripping supply! There are even cases it appears where more than the asking price has been achieved!

Also with lenders tight on lending on construction projects - leading to a decline in the number of new homes being constructed in the area this has lead to an increase in activity and the value of new construction property - particularly due to the scarcity of land in the area.

Part of the increase is due to the influx of foreign buyers who are taking advantage of the weak dollar and the strong Euro/Sterling and Canadian Dollar. This is of course not the first time that a boom in sales in the Westside area has been reported and it appears that its appeal and popularity goes from strength to strength as many buyers are aching to take advantage of the market and own their own slice of the Golden State.

If you are considering purchasing a home in the Westside area then please contact Judy Kunisaki on 310-317-8396 for professional and personal Real Estate assistance.

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