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
Sat Jun 10 2023
This week the median list price for Palos Verdes Estates, CA 90274 is $3,447,500 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has increased to 32.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Real-Time Market Profile
| Median List Price | $3,447,500 | |
| Median Price of New Listings | $2,195,000 | |
| Per Square Foot | $1,183 | |
| Average Days on Market | 81 | |
| Median Days on Market | 32 | |
| Price Decreased | 28% | |
| Price Increased | 3% | |
| Relisted | 6% | |
| Inventory | 32 | |
| Median Rent | ||
| Market Action | 41 | |
| Slight Seller's Advantage | ||
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
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 |
|---|---|---|---|---|---|---|---|---|
| $11,090,000 | 6,556 | 0.5 - 1 acre | 5 | 7 | 18 | 0 | 0 | 189 |
| $4,199,500 | 4,639 | 0.25 - 0.5 acre | 5 | 5 | 43 | 0 | 0 | 35 |
| $2,799,000 | 2,538 | 8,000 - 10,000 sqft | 3 | 3 | 66 | 1 | 2 | 17 |
| $1,948,950 | 1,681 | 6,500 - 8,000 sqft | 3 | 2 | 67 | 2 | 1 | 28 |