George Fotion's Market Report
Palos Verdes Estates, CA 90274
Single-Family Homes
Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467
Palos Verdes Estates, CA 90274
Fri Mar 24 2023
This week the median list price for Palos Verdes Estates, CA 90274 is $6,999,000 with the market action index hovering around 50. This is an increase over last month's market action index of 46. Inventory has increased to 15.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $6,999,000 | |
| Median Price of New Listings | $4,174,000 | |
| Per Square Foot | $1,118 | |
| Average Days on Market | 162 | |
| Median Days on Market | 182 | |
| Price Decreased | 47% | |
| Price Increased | 0% | |
| Relisted | 20% | |
| Inventory | 15 | |
| Median Rent | ||
| Market Action | 50 | |
| Strong Seller's Market | ||
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
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 |
|---|---|---|---|---|---|---|---|---|
| $14,000,000 | 6,831 | 0.5 - 1 acre | 6 | 8 | 7 | 0 | 0 | 245 |
| $8,949,500 | 6,862 | 0.5 - 1 acre | 6 | 8.5 | 11 | 0 | 0 | 336 |
| $4,449,500 | 4,930 | 0.25 - 0.5 acre | 6 | 5.5 | 44 | 1 | 0 | 28 |
| $3,069,500 | 3,147 | 0.25 - 0.5 acre | 4 | 3 | 59 | 1 | 1 | 45 |