Beverly Hills Market Update 1 st H a l f 2 0 2 6
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2026, Beverly Hills* recorded a median house price of $1,700,000 and a median unit price of $635,000. This represents an annual (Q1 2025 – Q1 2026) median price growth of 9.7% for houses and -8.4% decline for units. Comparing Q1 2025 and Q1 2026, total sales declined by -50.9% (to 27 sales in Q1 2026) for houses and by -8.1% (to 34 sales in Q1 2025) for units. There is an undersupply in the market, especially with Q1 2025 recording the lowest number of house sales in the past 24 months. This creates an ideal opportunity for owners looking to sell. For buyers, there are several residential projects due to commence in 2025-2026, which will provide more options.
CHANGE FROM LAST
YEAR
Beverly Hills£ will see approximately $103.5M of new projects commencing construction between 2025 – 2026. Residential $13.7M
HALF YEAR
Mixed Use
HOUSE SALE S
$25.5M
HOUSE ME DIAN PRICE
$5.8M
There are several residential projects to commence construction between 2025 and 2026, which include:
UNIT SALE S UNIT ME DIAN PRICE UNIT RE NTAL PRICE
$ MARKET CONDITIONS
$1.7M
MEDIAN PRICE Q1 2026
$835
SALES
$635K
AVERAGE DAYS ON MARKET Q1 2026
48
27
HOUSE
U N I T
RENTALS
$650
$58.5M
Industrial
HOUSE RE NTAL PRICE
MEDIAN PRICE Q1 2026
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 of housing stock more likely, which suggest higher property prices.
AVERAGE DAYS ON MARKET Q1 2026
22
22
HOUSE
U N I T
10 Townhouses
91 Units/ Apartments
50 Dwellings