Condos Could Be a Win for Today’s Buyers in Los Angeles and Beverly Hills

Not every buyer in Los Angeles is searching for a sprawling estate in Bel Air or a grand Mediterranean villa in Beverly Hills. Many want something simpler, more affordable, and easier to maintain—especially in a market where every dollar counts. That’s where condos come in.

For first-time buyers in Los Angeles, condos can be one of the smartest ways to step into homeownership without stretching your budget. For downsizers in Beverly Hills and Westside LA, condos offer less space to maintain, lock-and-leave convenience, and often access to world-class amenities—all while staying in prime, walkable locations.

And right now, condos represent one of the most buyer-friendly opportunities we’ve seen in years.

Condo Inventory Is Up—Giving Buyers More Choice

According to the National Association of Realtors (NAR), there are nearly 194,000 condos for sale nationwide, the second-highest level in the past three years. Inventory has almost doubled since early 2022, which means buyers today have far more options and less competition.

In Los Angeles and Beverly Hills, this is especially significant. These markets are famous for their diverse condo offerings—from full-service luxury towers along Wilshire Corridor and Century City, to boutique mid-century residences tucked into West Hollywood. With more units available, buyers can afford to be selective—whether prioritizing a breathtaking city view, a concierge lifestyle, or proximity to Beverly Hills shopping and dining.

Unlike the market frenzy of just a few years ago, you no longer need to rush into an offer simply to beat out other buyers. Today’s condo market gives you breathing room to find the right fit for your lifestyle.

Prices Have Softened—Creating Negotiating Power

With supply up, many condo sellers are more open to negotiation. That means buyers may not only get better pricing but also concessions such as closing cost credits or repair allowances.

Recent data shows condo prices have softened across the U.S. Redfin reports that median condo prices have dipped after peaking in early 2024 (see chart above). In fact, over half of the top 100 U.S. metros have experienced year-over-year declines.

Here in Los Angeles, this cooling trend is particularly visible in areas like Downtown LA, Century City, and Beverly Hills-adjacent neighborhoods where luxury condos once sparked fierce bidding wars. Today, buyers often have leverage to negotiate favorable terms that were nearly impossible to secure just a few years back.

This shift doesn’t just improve affordability—it tilts the market in buyers’ favor. For anyone eyeing a luxury condo in Beverly Hills or a sleek residence in West LA, this is a strategic window to buy smart.

Why Condos Work for LA and Beverly Hills Buyers

Condos in Los Angeles’ top neighborhoods combine location, convenience, and prestige. Many Beverly Hills and Century City buildings feature:

• 24/7 concierge and valet service

• Resort-style pools, gyms, and spas

• Walkability to Rodeo Drive, Beverly Center, and fine dining

• Lock-and-leave convenience for those who travel frequently

For international buyers, young professionals, or retirees downsizing from larger estates, condos provide a luxury lifestyle with less maintenance—right in the heart of Los Angeles.

Bottom Line

Condos aren’t just a fallback option—they’re a smart strategy in today’s Beverly Hills and Los Angeles real estate market. With inventory at its highest in years, softening prices, and sellers more open to negotiation, buyers now have a rare opportunity to find the right condo at the right terms.

Whether you’re searching for a pied-à-terre in Beverly Hills, a luxury residence in Century City, or a stylish unit in West Hollywood, now may be the perfect time to make your move.

✨ Ready to explore the best condos for sale in Los Angeles and Beverly Hills? As a top agent in Beverly Hills with over 36 years of experience, I can help you navigate today’s market and negotiate the best opportunities. Let’s connect and discuss your goals.