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 Nov 27 2021
This week the median list price for Palos Verdes Estates, CA 90274 is $4,550,000 with the market action index hovering around 53. This is less than last month's market action index of 59. Inventory has decreased to 25.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. 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
| Median List Price | $4,550,000 | |
| Median Price of New Listings | $3,322,500 | |
| Per Square Foot | $1,067 | |
| Average Days on Market | 132 | |
| Median Days on Market | 119 | |
| Price Decreased | 12% | |
| Price Increased | 4% | |
| Relisted | 4% | |
| Inventory | 25 | |
| Median Rent | $12,000 | |
| Market Action | 53 | |
| Strong Seller's Market | ||
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. 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 |
|---|---|---|---|---|---|---|---|---|
| $10,700,000 | 10,346 | 0.5 - 1 acre | 5 | 8.5 | 18 | 0 | 0 | 266 |
| $6,247,500 | 4,805 | 0.25 - 0.5 acre | 4 | 5 | 19 | 0 | 1 | 84 |
| $4,275,000 | 4,188 | 0.25 - 0.5 acre | 4 | 5 | 34 | 1 | 0 | 45 |
| $2,499,000 | 2,672 | 8,000 - 10,000 sqft | 3 | 3 | 63 | 1 | 1 | 63 |