Beverly Hills Luxury Market Sees 26% Rise in Dollar Volume, 17 Contracts Signed in Week
In the heart of Los Angeles County, the Beverly Hills luxury market has once again proven its resilience. For the week ending September 28, 2026, 17 contracts for single‑family homes and one condo were signed—exactly the same number as the week before—yet the total dollar volume of those deals surged 26 percent to $123.8 million.
The Eklund Weekly Luxury Report, compiled by Marcy Roth of Douglas Elliman’s Eklund Gomes team, tracks properties listed in the Multiple Listing Service at $4 million or higher. The most eye‑catching transaction of the week was a 7,900‑square‑foot, eight‑bedroom estate on 701 North Arden Drive. Built in 1932 and perched on a double lot that stretches over half an acre, the home boasts an Olympic‑size pool, a pool house, a pickleball court and a batting cage. Karen Silver of the agency markets the property as an “opportunity to restore” the historic residence.
A second headline deal came at 1535 Carla Ridge, a contemporary estate that spans nearly 7,000 square feet. First listed in October 2024 at $18.5 million and later relisted near $20 million, the home has since seen several price cuts and now carries an asking price of $16.5 million. Built in 2016, the five‑bedroom property—represented by Ben Malka and Branden Williams of Beverly Hills Estates—features a gated motor court, a water feature, a home theater, a smart‑home system, a pool and spa, and a wine cellar. The house last traded in early 2022 for $14.9 million.
The week also closed a luxury condominium at the Sun Rose Residences on the Sunset Strip, listed at $7 million. Including that condo, the total asking volume for the week reached $123.8 million.
Year‑over‑year comparisons show a decline in both the number of contracts and dollar volume. The same week a year earlier, 20 contracts accounted for $142.8 million. Nevertheless, the average price per square foot for luxury homes climbed 14 percent, from $1,282 to $1,456.
According to the report, the market continues to move at a modest summer pace, but buyers remain active. The week’s activity signals renewed momentum and strength at the top of the Beverly Hills market.
Other high‑profile listings mentioned in the headline list include a Malibu estate with a $25 million asking price, Steve Wynn’s Beverly Hills manse listed for $50 million, and a $21 million estate listed by “Black‑ish” creator Kenya Barris. The report does not provide further details on these properties.
The Eklund Weekly Luxury Report is one of several tools used by industry professionals to gauge market trends in California’s most expensive real‑estate segments. The data it provides helps buyers, sellers, and investors understand pricing dynamics, inventory levels, and buyer activity across the state’s major markets.
In summary, the Beverly Hills luxury market remains robust, with high‑value contracts continuing to close each week. While the number of deals has dipped compared to the same period last year, the dollar volume and average price per square foot have risen, indicating sustained demand for premium properties in the region.
