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Q2 2026 · VEMA Intelligence

SoCal Luxury
Market Report

Comprehensive intelligence across Los Angeles, Orange County, and San Diego, powered by VEMA's real-time data engine and Reza Abdoli's market expertise.

Executive Summary

Market Overview

Southern California's luxury market continues demonstrating remarkable resilience in Q2 2026. Despite elevated interest rates, demand for properties above $2M remains strong across all three major markets, driven by wealth migration from high-tax states, continued tech sector compensation growth, and historically low luxury inventory. VEMA's analysis indicates a persistent seller's market across most price segments, with particular inventory compression in the $3M–$6M range in Orange County and Malibu.

Los Angeles County
Median Luxury Price$4,200,000
Price Per SqFt$1,248
Days on Market46
YoY Appreciation+7.4%
Active Listings1,842
Months of Supply3.8
Orange County
Median Luxury Price$3,100,000
Price Per SqFt$992
Days on Market38
YoY Appreciation+8.1%
Active Listings1,204
Months of Supply3.1
San Diego County
Median Luxury Price$2,800,000
Price Per SqFt$874
Days on Market41
YoY Appreciation+6.8%
Active Listings892
Months of Supply3.4
Neighborhood Level

Median Price by Neighborhood

VEMA-powered 90-day median pricing across key Southern California luxury markets.

Bel Air
$7.4M
Beverly Hills
$6.2M
Pacific Palisades
$4.9M
Malibu
$4.8M
Corona del Mar
$4.2M
Newport Beach
$3.8M
Brentwood
$3.4M
Santa Monica
$3.2M
La Jolla
$3.1M
Laguna Beach
$2.9M
West Hollywood
$2.4M
Historical Context

Price History & Long-Term Trends

10-Year Appreciation Story

Southern California luxury real estate has delivered compelling long-term returns. Beverly Hills median home prices have appreciated 118% over the past decade, outperforming both the broader LA market and major equity indices over the same period.

The Malibu oceanfront market has been particularly exceptional, limited supply on the Pacific Coast Highway has driven median appreciation of 142% from 2015 to 2025, with the pace accelerating sharply post-2020 as remote work expanded the buyer pool from Silicon Valley and New York.

+118%
Beverly Hills 10-Year
+142%
Malibu 10-Year
+94%
Newport Beach 10-Year
+88%
La Jolla 10-Year

Key Trends Q2 2026

  • Inventory Compression: Luxury listings below $5M are down 18% YoY in Orange County, creating multiple-offer situations on well-priced properties.
  • Cash Buyer Dominance: 41% of Q2 luxury transactions in LA County closed all-cash, up from 36% in Q4 2025, reflecting wealth consolidation among top earners.
  • Malibu Surge: Oceanfront properties in Malibu appreciated 12.3% over the past 12 months, the fastest in the SoCal luxury segment.
  • OC Migration Effect: Orange County continues attracting LA-area buyers at a 25–30% price-per-sqft discount for comparable luxury amenities and lifestyle.

Q3–Q4 2026 Forecast

  • 5–7% appreciation across LA/OC/SD for next 12 months
  • Malibu outperforming at projected 9–11% YoY
  • 25–50 bps Fed reduction expected to release pent-up demand
  • Q3 remains peak seasonal demand window for sellers
Personalized Analysis

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