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 Feb 21 2019
This week the median list price for Palos Verdes Estates, CA 90274 is $2,995,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 49. Click here to stay informed with the Palos Verdes Estates market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Palos Verdes Estates, CA 90274

Thu Feb 21 2019
This week the median list price for Palos Verdes Estates, CA 90274 is $2,995,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 49. Click here to stay informed with the Palos Verdes Estates market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Palos Verdes Estates market.
Median List Price $2,995,000
Per Square Foot $776
Days on Market 129
Price Decreased 31%
Price Increased 4%
Relisted 12%
Inventory 49
Median House Rent $6,100
Most Expensive $16,990,000
Least Expensive $1,299,000
Market Action Index
Slight Seller's Advantage
35

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on 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
$7,869,000 6,630 0.5 - 1 acre 5 5 25 1 0 129
$3,497,000 4,569 0.25 - 0.5 acre 4 3 13 1 0 219
$2,449,000 3,335 8,000 - 10,000 sqft 4 2 51 4 1 107
$1,749,000 2,239 8,000 - 10,000 sqft 4 2 65 1 1 66