Pango Group

Rancho Palos Verdes, CA 90275

Single-Family Homes

www.pangogroup.com


Rancho Palos Verdes, CA 90275

Fri Jul 26 2024
This week the median list price for Rancho Palos Verdes, CA 90275 is $2,299,000 with the market action index hovering around 43. This is less than last month's market action index of 46. Inventory has increased to 85. Click here to stay informed with the Rancho Palos Verdes market!

Market Action Index

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

Slight Seller's Advantage

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.

Rancho Palos Verdes, CA 90275

Fri Jul 26 2024
This week the median list price for Rancho Palos Verdes, CA 90275 is $2,299,000 with the market action index hovering around 43. This is less than last month's market action index of 46. Inventory has increased to 85. Click here to stay informed with the Rancho Palos Verdes market!

Market Action Index

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

Slight Seller's Advantage

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 Rancho Palos Verdes market.
Median List Price $2,299,000
Median Price of New Listings $1,832,000
Per Square Foot $888
Average Days on Market 71
Median Days on Market 49
Price Decreased 45%
Price Increased 4%
Relisted 7%
Inventory 85
Median Rent
Market Action 43
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
$5,648,000 5,357 0.5 - 1 acre 5 6 33 0 0 91
$2,850,000 3,257 0.25 - 0.5 acre 4 4 54 2 0 56
$1,995,000 2,474 0.25 - 0.5 acre 4 3 59 2 5 35
$1,648,500 1,887 8,000 - 10,000 sqft 4 2 65 4 7 31