Sherif Tewfik's Real Estate Market Report

Rancho Palos Verdes, CA 90275

Single-Family Homes

www.SherifTewfik.com | 310-694-4671 | sherif@strandhill.com


Rancho Palos Verdes, CA 90275

Sun Dec 22 2024
This week the median list price for Rancho Palos Verdes, CA 90275 is $2,210,500 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has decreased to 80. 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

Market Narrative

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.

Rancho Palos Verdes, CA 90275

Sun Dec 22 2024
This week the median list price for Rancho Palos Verdes, CA 90275 is $2,210,500 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has decreased to 80. 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

Market Narrative

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

Never miss important changes in the Rancho Palos Verdes market.
Median List Price $2,210,500
Median Price of New Listings $1,972,500
Per Square Foot $851
Average Days on Market 93
Median Days on Market 70
Price Decreased 40%
Price Increased 1%
Relisted 9%
Inventory 80
Median Rent
Market Action 37
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
$4,899,000 5,412 0.5 - 1 acre 4 4.5 34 1 3 115
$2,410,000 2,883 0.25 - 0.5 acre 4 3 56 2 3 59
$1,962,500 2,324 0.25 - 0.5 acre 4 2.3 60 6 1 52
$1,497,000 1,907 8,000 - 10,000 sqft 3 2 67 3 1 70