Speculators aren't typically eyeing properties worth two to three million dollars and trying to turn them around for a quick profit, that is. As this was the kind of activity that was in part driving the housing bubble in the rest of the nation it makes sense that such a trend would not be fully visible in the 90210 zip code. It also makes sense that greater volatility and sharp upswings in prices would be seen during the depths of the housing crisis in 2008 and 2009, as it is during such periods that high-end areas like 90210 are more likely to experience speculative purchases and investments and thus to see the rises and drops attendant with this activity. Foreclosure rates in Beverly Hills as a whole and in 90210 have remained higher than typical for the area since 2008-2009, though they are not as high now as they were then, and this has continued to produce volatility and uncertainty in the area's real estate market despite a somewhat calmer atmosphere (Trulia, 2012).
Current State of the Market
One of the most significant trends to not in the Beverly Hills and 90210 real estate markets is the drop in the number of sales occurring per year, which has gone from a high of close to 200 for Beverly Hills (100 for 90210) in 2000 to a low of just under 50 (barely above 20 for 90210) in 2009, with annual sales currently about half of their 2000 levels (Trulia, 2012). The market is slow and appears to be running rather flat now, and while this would not necessarily affect long-term investment it would mean that a shorter ownership period would be unadvisable, and there are investments likely to yield much better short-term gains (Trulia, 2012). 90210 and indeed all of Beverly...
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