RE/MAX Estate Properties' Market Report

Palos Verdes Estates, CA 90274

Condos/Townhomes

RE/MAX Estate Properties | 310-703-1900 | jsanders@eplahomes.com


Current active inventory in Palos Verdes Estates, CA 90274 is very low. Keep this in mind when looking at this report.

Palos Verdes Estates, CA 90274

Sat Jul 27 2024
This week the median list price for Palos Verdes Estates, CA 90274 is $944,250 with the market action index hovering around 43. This is an increase over last month's market action index of 35. Inventory has decreased to 2. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Palos Verdes Estates, CA 90274

Sat Jul 27 2024
This week the median list price for Palos Verdes Estates, CA 90274 is $944,250 with the market action index hovering around 43. This is an increase over last month's market action index of 35. Inventory has decreased to 2. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Palos Verdes Estates market.
Median List Price $944,250
Median Price of New Listings $0
Per Square Foot $773
Average Days on Market 67
Median Days on Market 67
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 2
Median Rent
Market Action 43
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$949,500 1,299 0.25 - 0.5 acre 2 2 53 0 0 119
$939,000 1,148 - 2 2 51 0 1 14