What’s going on in the Beverly Hills Flats, and can buyers still take advantage of low interest rates considering better than expected economic news? The market is definitely moving!

There are currently 30 active listings in the area, five homes are looking for backup offers and in the past month, a total of 10 homes have either sold or are pending sale.

Eight homes have sold in the past month in the flats with a median price of $4,413,000, down from last month’s median price of $5,739,000.

The recent 4-month rally in the Bond markets has led to some of the best home loan rates in history. But money has started shifting over to the Stock market because some economic reports have been better than expected in the past few weeks.

It’s important to remember that good economic news – or as has happened recently, better than expected news – often causes investors to move their money out of the safe haven of Bonds to Stocks in the hopes of taking advantage of any gains.

A decreased demand for Bonds means that Bond prices move lower. And when Bond prices move lower, Bond yields – and consequently home loan rates – move higher. As higher home loan rates are inevitable in the future, buyers are still taking advantage of current low rates to purchase homes at incredible prices.

This short video recaps the housing market activity in the flats of Beverly Hills for August 2010, for single family homes located North of Santa Monica and South of Sunset:

How did you see the real estate market in the past month? Were you in the market to purchase or sell a home? Please share your thoughts in the comments section below. I always enjoy hearing from you!