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
Thu Apr 18 2024
This week the median list price for Palos Verdes Estates, CA 90274 is $4,937,500 with the market action index hovering around 40. This is an increase over last month's market action index of 36. Inventory has decreased to 30.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $4,937,500 | |
| Median Price of New Listings | $4,195,000 | |
| Per Square Foot | $1,285 | |
| Average Days on Market | 104 | |
| Median Days on Market | 70 | |
| Price Decreased | 23% | |
| Price Increased | 10% | |
| Relisted | 0% | |
| Inventory | 30 | |
| Median Rent | ||
| Market Action | 40 | |
| Slight Seller's Advantage | ||
Click for more charts
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing 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 |
|---|---|---|---|---|---|---|---|---|
| $13,998,000 | 8,610 | 0.5 - 1 acre | 6 | 8 | 17 | 0 | 0 | 203 |
| $8,990,000 | 4,363 | 0.5 - 1 acre | 5 | 5 | 32 | 1 | 1 | 42 |
| $3,972,500 | 3,974 | 0.25 - 0.5 acre | 5 | 4 | 50 | 2 | 2 | 17 |
| $2,767,500 | 2,053 | 8,000 - 10,000 sqft | 3 | 2.5 | 66 | 2 | 2 | 49 |