Wed Jan 22 2020
This week the median list price for Palos Verdes Estates, CA 90274 is $3,049,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 42.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$3,049,000|
|Per Square Foot||$897|
|Days on Market||181|
|Slight Seller's Advantage|
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$8,447,500||7,813||0.5 - 1 acre||6||8||22||0||0||245|
|$4,270,000||3,923||0.25 - 0.5 acre||4||5||51||1||1||122|
|$2,749,000||3,112||0.25 - 0.5 acre||4||4||46||0||0||217|
|$1,750,000||2,795||8,000 - 10,000 sqft||4||3||64||2||3||138|