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Why Now Is Still the Best Time to Buy a Home in Los Angeles and Beverly Hills

Why Now Is Still the Best Time to Buy a Home in Los Angeles and Beverly Hills

By Christophe Choo Posted Apr 25, 2025 Beverly Hills, client recommendations, Featured, In The Press, Latest Updates, Market Activity, Real Estate Advice for Buyers & Sellers, Real Estate Articles, Real Estate News

In the world of luxury real estate, timing is everything — but not always in the way people think.
You've likely heard the saying:
"The best time to buy a home was yesterday. The next best time is today."

In markets like Beverly Hills, Bel-Air, and the greater Los Angeles Westside, where prestige real estate holds long-term value, this couldn’t be more true. Many buyers hesitate, hoping for interest rates to drop or prices to cool. But real estate is not about timing the market perfectly — it’s about time in the market.


Home Prices Are Forecasted to Keep Rising

According to the Home Price Expectations Survey by Fannie Mae, over 100 leading housing experts project that home prices across the U.S. will continue rising through at least 2029. While the market has returned to a more normalized pace after the dramatic gains of recent years, home values are still expected to climb steadily — about 3-4% annually.

For buyers in Los Angeles and Beverly Hills, that means one thing: waiting is likely to be more expensive.

This consistent appreciation is particularly relevant in high-demand markets like Beverly Hills and Bel-Air, where inventory remains low and international demand keeps prices strong. Even modest appreciation on an already high-value property adds up quickly — and buyers who wait could find themselves priced out of premium neighborhoods.


The Cost of Waiting — In Real Dollars

Let’s break it down:
If you were to purchase a home for $400,000 in January 2025 (a conservative number for context — most homes in prime L.A. locations far exceed this), that home could gain nearly $80,000 in equity in just five years.

Now scale that to $4 million, the average price point in Beverly Hills, and the potential missed equity becomes substantial — potentially $793,000 or more in appreciation over the same period. This is exactly how long-term wealth is built through homeownership.


What This Means for Buyers in L.A. and Beverly Hills

Here’s why stepping into the market now — even at today’s rates — still makes sense:

  • Next year’s prices will almost certainly be higher.
    Buying now locks in today’s values before they increase further.

  • Waiting for the ‘perfect rate’ may backfire.
    Even if rates dip slightly, rising home prices can erase the benefit.

  • Equity builds over time.
    The sooner you buy, the sooner you start building wealth — and in L.A., that equity grows fast.


What About Sellers?

For sellers, this data reinforces the strength of current home values. If you’re considering listing your home, today’s market still offers an excellent opportunity — especially before additional inventory enters the market in the summer and fall.

Sellers in Los Angeles benefit from:

  • High demand for luxury and turn-key homes

  • Strong interest from international and all-cash buyers

  • Low inventory in premium neighborhoods

  • Continued long-term price appreciation forecasts


✨ Bottom Line: Time in the Market Beats Timing the Market

The Beverly Hills and Los Angeles real estate markets are built on long-term value. Whether you're a first-time buyer, seasoned investor, or luxury seller, the key is not waiting for the "perfect" moment — it's acting when the fundamentals are strong.

And right now, they are.

If you're ready to buy, explore your options, or want a personalized market evaluation for your home, I’d be honored to assist. With over 36 years of experience and a track record in selling some of the most iconic estates in the city, I bring a strategic and passionate approach to every transaction.

Let's talk — today’s opportunity could be tomorrow’s regret.

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