Los Angeles Luxury Market Sees Uptick: Signed Home Contracts Approach $138M

September 23, 2025

(By Boutique Realty Market Insights)

The Los Angeles luxury residential market is showing fresh signs of life as we move into the fall season. According to the latest Eklund Weekly Luxury Report from Douglas Elliman’s Eklund Gomes team, last week saw 19 luxury homes go into contract, amounting to $137.5 million in asking volume — an 8.7% increase year-over-year.

Key Transactions That Led the Surge

100 South Hudson Place, Hancock Park

The standout deal was a grand estate in Hancock Park, listed at nearly $17 million (≈ $1,712 per square foot). This six-bedroom, 10-bath property, built in 1929 and resting atop approximately 0.5 acres, also includes a detached guest house. It is tied to a trust associated with the late attorney Samuel H. Gruenbaum.
708 The Strand, Manhattan Beach

Close behind was a coastal property on The Strand, listed just under $15 million (≈ $3,314 per square foot). This four-bedroom, five-bath home features three stories of living space, a rooftop deck (complete with hot tub and garden), plus an elevator and sauna. The seller is connected to the Garland family trust.

These headline properties underscore the level of demand and caliber of homes active at the top end of the market.

Market Conditions & Momentum

New Inventory Surge

A striking development last week was the entry or re-entry of 92 homes into the market — mostly single-family residences. This influx marks the largest week-over-week increase since early July. Many observers interpret it as sellers recalibrating their pricing strategies or responding to shifting sentiment.
Seller Confidence Returns

The data suggests a reinvigoration of seller confidence after a modest six-week lull. Meanwhile, buyer interest appears to have held relatively steady through the summer months. As Marcy Roth (Eklund Gomes) notes, “the fall season is going to be something to watch.”
Seasonal Turning Point?

Historically, the post-Labor Day stretch can bring renewed urgency from both buyers and sellers. The uptick in signed contracts, paired with a surge in new listings, may signal a turning point for the luxury segment as the market shakes off summer sluggishness.

What This Means for Boutique Realty Clients & the Luxury Market

Strategic Timing for Buyers

With more inventory coming online and contracts being signed, today’s buyers can take advantage of leverage before competition intensifies. It’s a good moment to monitor newly listed properties closely and act decisively when opportunities arise.
Seller Opportunity

Owners considering listing should weigh the benefits of early autumn exposure. The renewed activity suggests that appropriately priced, well-positioned luxury homes may attract strong attention.
Pricing Discipline Matters

The resurgence won’t benefit all listings. Homes that are appropriately priced and marketed may outpace those that are overextended or misaligned with current buyer expectations.
Localized Nuances

While the report tracks homes listed at $4 million or more, the broader LA market’s behavior often mirrors these tier-one trends. Rising confidence at the top can ripple into adjacent price bands over time.
Active Monitoring

For Boutique Realty’s clients, the next few weeks are pivotal. We’ll be closely tracking upticks in showings, offer activity, and listing strategies across prime neighborhoods — from Hancock Park to the coastal belts.

Let Boutique Realty Guide You

Whether you are looking to buy, sell, or invest in Los Angeles real estate, Boutique Realty is here to provide expert guidance and local market knowledge.