Ellis Posner

Palos Verdes Estates, CA 90274

Single-Family Homes

ellisposner.com



Palos Verdes Estates, CA 90274

Mon Nov 25 2024
This week the median list price for Palos Verdes Estates, CA 90274 is $3,936,500 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has decreased to 42. Click here to stay informed with the Palos Verdes Estates market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Palos Verdes Estates, CA 90274

Mon Nov 25 2024
This week the median list price for Palos Verdes Estates, CA 90274 is $3,936,500 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has decreased to 42. Click here to stay informed with the Palos Verdes Estates market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Palos Verdes Estates market.
Median List Price $3,936,500
Median Price of New Listings $2,619,500
Per Square Foot $1,156
Average Days on Market 145
Median Days on Market 116
Price Decreased 33%
Price Increased 2%
Relisted 14%
Inventory 42
Median Rent
Market Action 32
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$9,170,000 7,311 0.5 - 1 acre 5 4.8 25 0 0 238
$5,399,000 4,300 0.25 - 0.5 acre 5 4.5 40 0 0 136
$3,299,000 3,428 0.25 - 0.5 acre 4 4 52 0 0 91
$2,350,000 2,136 6,500 - 8,000 sqft 3 2 68 2 0 112