Los Angeles —and the Beverly Hills luxury real estate market— continues to assert itself as one of the country’s most resilient and desirable ultra-luxury real estate markets. Even as broader housing activity shows signs of moderation, properties priced above $25 million are holding their value—reinforcing the city’s status as a global destination for elite real estate.
The ultra-luxury segment, typically defined as homes selling for $25 million and above, operates differently than the rest of the market. Transactions are fewer, often private or off-market, and driven by a highly selective pool of buyers. As a result, public data can lag behind actual activity, but pricing trends tell a clear story: demand at the top remains strong.
Pricing Stability in the $25M+ Market
Recent data shows that median sold prices for ultra-luxury homes in Los Angeles have remained remarkably consistent over the past year, generally settling in the low-to-mid $30 million range. While quarterly fluctuations occur—as they do in any thinly traded segment—the overall pricing trajectory reflects stability rather than decline.
Average and maximum sale prices varied more noticeably, largely due to the timing of major trophy transactions. These high-profile closings can significantly impact quarterly figures, but they also highlight a key truth of the ultra-luxury market: when a truly exceptional property comes to market, qualified buyers are willing to pay a premium.
Trophy Sales Reinforce Los Angeles’ Global Appeal
Several standout transactions over the past year underscore Los Angeles’ continued dominance in the ultra-luxury space. Record or near-record sales in neighborhoods such as Holmby Hills, Malibu, Brentwood, and Beverly Hills reached price points rarely seen nationwide. These homes ranked among the most expensive residential sales in the country, often trailing only Florida in total volume at the very top end.
These trophy properties share common characteristics—privacy, scale, architectural distinction, and irreplaceable locations. In a market where buyers have options globally, Los Angeles continues to deliver what few cities can: lifestyle, prestige, and long-term value in iconic settings.
Why the Ultra-Luxury Segment Remains Resilient
What sets the ultra-luxury market apart is its insulation from many of the pressures affecting traditional housing segments. High-net-worth buyers are less sensitive to interest rates and short-term economic shifts. Instead, purchasing decisions are driven by asset preservation, lifestyle priorities, and scarcity.
Limited inventory in premier neighborhoods, combined with global wealth concentration and Los Angeles’ year-round climate, sustains demand even during periods of broader uncertainty. Properties that offer the right blend of location, size, privacy, and design continue to attract competitive interest.
A Market Defined by Quality, Not Volume
While overall transaction counts in Los Angeles have moderated, the ultra-luxury tier tells a different story. The market is selective, strategic, and driven by quality rather than volume. Buyers are discerning, but decisive when the right opportunity presents itself.
In summary, multi-million-dollar and ultra-luxury homes in Los Angeles continue to sell, often quietly and at significant price points. The segment remains stable, competitive, and highly sought after—proving that even as the broader market adjusts, the top end holds firm. To understand how these trends impact your property, you may wish to schedule a confidential strategy call.