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

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. 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

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.

Palos Verdes Estates, CA 90274

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. 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

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.

Real-Time Market Profile

Never miss important changes in the Palos Verdes Estates market.
Median List Price $3,049,000
Per Square Foot $897
Days on Market 181
Price Decreased 38%
Price Increased 2%
Relisted 14%
Inventory 42
Median Rent
Most Expensive $27,500,000
Least Expensive $1,450,000
Market Action 31
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.

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
$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