Beverly Hills Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2025, Beverly Hills* recorded a median house price of $1,600,000 and a median unit price of $700,000. This represents an annual (Q1 2024 – Q1 2025) price growth of 1.8% for houses and 11.4% for units. Comparing Q1 2024 and Q1 2025, total sales declined by -32.3% (to 42 sales in Q1 2025) for houses and by -4.3% (to 44 sales in Q1 2025) for units. This confirms an undersupply in the housing and unit markets, with Q1 2025 recording the lowest number of house sales in the past 24 months. This created a buffer against higher interest rates, thus continued price growth and a unique opportunity for homeowners to capitalise on their investment. That said, there are new units and houses planned in 2025, in good news for buyers.
CHANGE FROM LAST
YEAR
Beverly Hills£ will see approximately $111.9M of new projects commencing construction between 2024 – 2026. Residential $17.0M
HALF YEAR
Mixed-Use Projects $25.5M
HOUSE SALE S HOUSE ME DIAN PRICE
$5.8M There are several residential projects to commence construction between 2024 and 2026, which include:
UNIT SALE S UNIT ME DIAN PRICE UNIT RE NTAL PRICE
$ MARKET CONDITIONS
$1.6M
MEDIAN PRICE Q1 2025
$800
SALES
$700K
AVERAGE DAYS ON MARKET Q1 2025
58
77
HOUSE
U N I T
RENTALS
$600
$63.3M
Industrial
HOUSE RE NTAL PRICE
MEDIAN PRICE Q1 2025
Commercial
•
892-906 Canterbury Road (50 Units)
•
153-159 Penhurst Road (33 Units)
•
35-37 Karne Street South & 71-83 Graham Road (46 Dwellings)
•
2-6 Martin Street (4 Dwellings)
The incoming supply of ready-to-go stock in the Beverly Hills area will assist with demand in the future. However, due to construction challenges, this will take time to build. Thus, added stock and a possible more sustainable level of price growth is more likely to be a long-term benefit, as opposed to short term. In the meantime, an undersupply is more likely, which indicate a further increase in property prices.
AVERAGE DAYS ON MARKET Q1 2025
21
22
HOUSE
U N I T
10 Townhouses
91 Units/ Apartments
54 Dwellings