Mortgage Rates (Freddie Mac):
- The average 30-year fixed rate increased this week to 6.34% vs 6.3% last week
- Rates increased again this week but remain below the 52-week average of 6.71%.
Q3 Market Stats
Q3 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, Santa Monica and Venice), we see notable year-over-year shifts:
Q3 2025 vs. Q3 2024:
- Homes Sold:
- 529 in Q3 2025 vs. 410 in Q3 2024, an increase of 29%
- Median Sales Price:
- $3,000,000 in Q3 2025 vs. $2,935,500 in Q3 2024, an increase of 2%
- Median Sales Price Per Sq Ft:
- $1,329 in Q3 2025 vs. $1,300 in Q3 2024, an increase of 2%
- Average Days on Market:
- 45 days in Q3 2025 vs. 43 days in Q32024, an increase of 5%
- Highest Sale Recorded:
- $110M in Q3 2025 vs. $92.8M in Q3 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. With limited Pacific Palisades inventory following the fire, buyer demand has shifted toward these core luxury hubs
- Growing Inventory: More homeowners are listing, encouraged by easing mortgage rates
- Looking Ahead: The upcoming Fed meeting on October 28–29 is widely expected to bring a 25-bps rate cut, which could further stimulate buyer activity, boosting buyer demand before the year-end.
If you’re considering buying or selling before year-end, I’d be happy to provide a custom property analysis and discuss how current market trends could work to your advantage.
