Los Angeles Real Estate Blog & Market Updates

Luxury homes in Los Angeles generally start around $4 million, but what you get at that price depends entirely on the neighborhood. The ultra-luxury tier begins around $20 million, with trophy properties in Bel Air, Beverly Park, and Holmby Hills trading from $50 million into nine-figure territory. Roughly 25% of LA luxury deals happen off-market, and the market moves on a longer timeline than the general residential market.

The 30-year fixed mortgage rate fell to 6.30 percent this week, marking two straight weeks of declines and a four-week low. But the LA County data tells a more nuanced story: both pending and closed escrow numbers have declined over the past three weeks. Rates are moving in the right direction. The market has not caught up yet.

Mortgage rates fell last week to 6.37 percent, the first meaningful drop in weeks. Buyer activity across the Westside of Los Angeles and the San Fernando Valley has picked up noticeably. Rates update again Thursday, April 16, and I will be watching closely.