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

Sun May 26 2019
This week the median list price for Palos Verdes Estates, CA 90274 is $2,699,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has held steady at or around 87. Click here to stay informed with the Palos Verdes Estates market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Palos Verdes Estates, CA 90274

Sun May 26 2019
This week the median list price for Palos Verdes Estates, CA 90274 is $2,699,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has held steady at or around 87. Click here to stay informed with the Palos Verdes Estates market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Palos Verdes Estates market.
Median List Price $2,699,000
Per Square Foot $827
Days on Market 83
Price Decreased 31%
Price Increased 1%
Relisted 1%
Inventory 87
Median House Rent $3,975
Most Expensive $27,500,000
Least Expensive $1,390,000
Market Action Index
Slight Seller's Advantage
32

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

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
$5,900,000 5,693 0.5 - 1 acre 5 3 25 2 0 116
$2,939,500 3,920 0.25 - 0.5 acre 4 3 38 2 0 90
$2,224,500 3,072 0.25 - 0.5 acre 4 2 56 3 3 80
$1,619,500 2,084 8,000 - 10,000 sqft 3 1 64 5 2 47