Help understanding massive house price variation in Beverly Hills USA?

Question

I am from UK and have been looking at houses prices in Beverly Hills, California.

Here are two houses that are 4 bedroom and over $2 Million each:
http://www.rightmove.co.uk/overseas-property/property-45888088.html
http://www.rightmove.co.uk/overseas-property/property-45887569.html

Here is another house. It is 6 bedroom but is only $50 thousand:
http://www.rightmove.co.uk/overseas-property/property-45885670.html

Here is a 5 bedroom house that is $17K:
http://www.rightmove.co.uk/overseas-property/property-45885679.html

I have seen other homes in Beverly Hills that are around $200K to $300K.

Why is there so much variation. What's the catch?

Answer 1

There are no houses priced that low. I would suspect they omitted a few zeroes.



If you want the real prices, refer to a local website or contact a local realtor

Answer 2

A couple of comments here. The house that is listed at $50,000 and the one for $17,000 are not the selling prices, but the rental prices, and even a condominium would not sell for that low a price. There are virtually no homes in the $200-$300 thousand range in Beverly Hills or the surrounding communities. They may not be in Beverly Hills as many R.E. agencies fudge on the location quite a bit by labeling something "adjacent" to Beverly Hills.



If you found something for under $1 million it is a condo, not a house. If you are serious about finding a property contact a Real Estate or Property Management Company about renting, and if you want to buy, you must spend some time in a neighborhood in a rental before you leap into purchasing a house.

Answer 3

The lower prices are probably monthly rent - or else a major scam is going on here. google Hosana Saputra & see his Surterre Properties site. He's listing rentals as for sale, stating "price" instead of "rent."



There are lots of better sites to check out & compare listings! First, check craigslist.com. Lots of scams there, but you can get a good sense of the local market by studying craigslist - and find for sale by owner properties. Other sites include realtors' websites such as Coldwell Banker, homes.com, Zillow.com, realtor.com, and lots more. I'd steer clear of that Hosana character.

Answer 4

Rightmove Overseas Usa

Answer 5

Maybe the lower prices is just the monthly rent???



I doubt you will find a home in Beverly Hills proper for 200 to 300K.

Answer 6

Looking at current listings, everything under $1M is a condo or a 2 bedroom house (and there are very few of those).

Answer 7

The lowe prices are likely monthly rent or estimated monthly mortgage payments.

Answer 8

location, location, location

obviously being from the UK you are unfamiliar with areas that are more 'desirous' than others