As the Closing Ceremony of the Paris Olympics draws near and the anticipation of Tom Cruise skydiving onto the Hollywood Sign heats up, we now turn our eyes to Los Angeles, set to host the 2028 Summer Games. For savvy investors, this represents a golden opportunity to capitalize on the burgeoning real estate market in LA. With Olympic events scheduled to take place across various iconic neighborhoods, from the vibrant downtown area to the sun-soaked beaches of Santa Monica, the potential for high returns on investment properties is significant. As we look ahead, exploring the prime locations and understanding the market dynamics in these key areas can position you to make informed and lucrative investment decisions in the City of Angels.
SANTA MONICA
Whilst it is not officially announced that the Beach Volleyball will take place here, Santa Monica Council previously submitted its guarantee to confirm that the beaches of Santa Monica will be used as the venue for the beach volleyball competition in the 2028 games. The concept plan includes a temporary 12,000-seat stadium north of the Pier, plus warm-up and practice courts along with broadcast areas in Beach Lot 1 North.
The median days on market in Santa Monica is only 25, so homes are selling fast! With a median Sold Price of $1,580,000 and a List to Sold Price percentage of 100.4%, the 12-Month Change in Months of Inventory is -9.21%, showing a decrease in the supply of homes over the past year. With low inventory levels and quick sales, buyers should be prepared to act quickly.
Click here to learn more about Santa Monica.
INGLEWOOD
Inglewood will host the Basketball at the Intuit Dome, home arena of the Los Angeles Clippers. It will also host Swimming at SoFi Stadium, the unparalleled home of the Los Angeles Rams and Los Angeles Chargers. SoFi Stadium will also showcase parts of the opening and closing ceremonies.
Inglewood has seen a +24.56% increase in Months Supply of Inventory over the last 12 months. Despite this, the List to Sold Price percentage remains strong at 99.9%. A Median Sold Price of $786,500 and a Median days on market of just 16 suggests high demand and limited inventory.
DOWNTOWN
Multiple sports will be featured in DTLA – Gymnastics (Artistic, Rhythmic and Trampoline) will take place at the Crypto.com Arena, home to the Los Angeles Lakers, the Los Angeles Sparks, and the Los Angeles Kings.
Fencing, Judo, Table Tennis, Taekwondo and Wrestling will be at The LA Convention Center.
Weightlifting will also take place in DTLA.
There is currently a 14.32 Months Supply of Inventory in the area (this indicates how long it would take for all the current homes on the market to be sold at the current pace of sales). That means more options for you to choose from! The Median Sold Price is $615,000, and the Median days on market is 87. With a +10.92% increase in Months Supply of Inventory over the last 12 months and a List to Sold Price percentage of 96.1%, DTLA could offer opportunities for buyers to find a home that meets their needs whilst also being a good investment.
LONG BEACH
Long Beach will host an array of aquatic events, including Water Polo and Artistic Swimming at The Long Beach Convention Center.
Triathlon and Marathon Swimming will take place at The Long Beach Waterfront.
Rowing and Canoe Sprint will be at Marine Stadium, and Sailing will be featured at Belmont Shore.
There has been a significant increase in the 12-Month Change in Months of Inventory in Long Beach, with a +48.82% growth. The Median Days Homes are On the Market is only 14 days, indicating that properties are selling quickly. The Median Sold Price is $876,000, with a List to Sold Price Percentage of 101.1%. This could be a sign of a competitive market where buyers may need to act fast to secure a property.
CARSON
Dignity Health Sports Park, the home of LA Galaxy, will host various sports across its multiple venues, including Rugby Sevens, Hockey, Cycling Track and Tennis.
With a Median Sold Price of $837,900 in Carson, the List to Sold Price percentage is currently at 102%, showing that homes are selling for over asking price. The Market Trends data shows a 14.62% decrease in Months Supply of Inventory over the last 12 months. This means homes are selling faster than ever! With the median days on market at just 16 days, now could be the time to make your move.
PACIFIC PALISADES
Riviera Country Club, host to the world's greatest golfers and most prestigious tournaments, will of course host the Golf during LA28. Founded in 1926, Riviera Country Club is located in the desirable Pacific Palisades neigborhood of the Westside of LA.
The median sold price in Pacific Palisades is $3,138,750, with a List to Sold Price percentage at an impressive 99.3%. With a median days on market of just 21 days, homes are selling quickly in this hot market. The 12-Month Change in Months of Inventory is at -19.85%, showing a significant decrease in the amount of time it would take to sell all the current listings compared to the previous year.
As the countdown to the 2028 Los Angeles Olympics and Paralympics begins, the potential for real estate investment in the city is undeniable. With events scattered across diverse and vibrant neighborhoods, now is the perfect time to explore your options and secure a property that promises substantial returns. Whether you're drawn to the bustling energy of downtown or the serene beaches of Santa Monica, investing in LA real estate ahead of the Olympic wave can set you on a path to financial success. Stay informed, act wisely, and you may find yourself celebrating not just the athletic achievements of 2028, but your own investment victories as well.
The 2028 Summer Olympic Games will be held from July 14-30. The 2028 Summer Paralympic Games will take place from Aug 15-27.
Ready to explore options in these areas or nearby neighborhoods? Whether you are a local or overseas buyer I can help - reach out for more information on available properties!
[email protected] / +1 (213) 551 7844
* At time of writing the venues for the 2028 Summer Paralympics have not been announced
* Data accurate at time of writing
