Q2 Market Stats
📊 Q2 2025 Market Update: Prime LA Home Sales on the Rise
When we compare MLS data across LA's prime markets (including Beverly Hills, BHPO, Hollywood Hills, West Hollywood, Bel Air / Holmby Hills, Westwood / Century City, Brentwood, and Santa Monica), we see notable year-over-year shifts:
Q2 2025 vs. Q2 2024:
- 🏡 Homes Sold:
- 480 in Q2 2025 vs. 432 in Q2 2024, an increase of 11%
- 💰 Median Sales Price:
- $3,300,000 in Q2 2025 vs. $3,200,000 in Q2 2024, an increase of 3%
- ⏱️ Average Days on Market:
- 38 days in Q2 2025 vs. 37 days in Q2 2024, an increase of 3%
- 🏆 Highest Sale Recorded:
- $110M in Q2 2025 vs. $65.3M in Q2 2024
What’s Driving This?
- Persistent Demand in Prime Neighborhoods: Well-priced homes in Beverly Hills, Brentwood, and Santa Monica continue to attract strong interest, especially given the tightening of inventory following the Palisades fire
- Inventory Has Been Increasing: Sellers are becoming more open to listing their homes despite the high mortgage rates
- Prices Are Still Increasing, but Not as Sharply as in Q1: In Q1 2025, prices rose 20% year-over-year, likely driven by a surge in buyer activity following the fires. While prices continue to rise, the market is showing signs of stabilizing after that initial spike
- Looking Forward: We remain to see when the Fed will lower interest rates and how tariff policy will impact the broader economy and real estate, including construction activity. One things for sure, demand for prime LA remains strong!
- Have questions or just want to talk real estate? Feel free to reach out anytime.
