Pango Group

Rancho Palos Verdes, CA 90275

Single-Family Homes

www.pangogroup.com



Rancho Palos Verdes, CA 90275

Thu Jun 08 2023
This week the median list price for Rancho Palos Verdes, CA 90275 is $2,144,500 with the market action index hovering around 70. This is an increase over last month's market action index of 64. Inventory has decreased to 24. 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.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Rancho Palos Verdes, CA 90275

Thu Jun 08 2023
This week the median list price for Rancho Palos Verdes, CA 90275 is $2,144,500 with the market action index hovering around 70. This is an increase over last month's market action index of 64. Inventory has decreased to 24. 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.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Rancho Palos Verdes market.
Median List Price $2,144,500
Median Price of New Listings $2,299,000
Per Square Foot $827
Average Days on Market 43
Median Days on Market 14
Price Decreased 8%
Price Increased 4%
Relisted 4%
Inventory 24
Median Rent
Market Action 70
Strong Seller's Market

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
$2,825,000 4,128 0.25 - 0.5 acre 4 4 38 0 0 28
$2,441,500 2,526 0.25 - 0.5 acre 4 3 53 2 4 10
$1,985,000 2,439 0.25 - 0.5 acre 3 3 61 1 2 14
$1,574,500 2,020 0.25 - 0.5 acre 3 2 58 0 2 17