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 Nov 13 2019
This week the median list price for Palos Verdes Estates, CA 90274 is $2,714,500 with the market action index hovering around 33. This is an increase over last month's market action index of 31. Inventory has held steady at or around 64.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $2,714,500 | |
| Per Square Foot | $831 | |
| Days on Market | 150 | |
| Price Decreased | 53% | |
| Price Increased | 0% | |
| Relisted | 14% | |
| Inventory | 64 | |
| Median House Rent | ||
| Most Expensive | $27,500,000 | |
| Least Expensive | $1,250,000 | |
| Market Action Index Slight Seller's Advantage | 33 |
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
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 |
|---|---|---|---|---|---|---|---|---|
| $6,244,999 | 6,306 | 0.5 - 1 acre | 5 | 4 | 18 | 2 | 2 | 151 |
| $3,199,500 | 3,983 | 0.25 - 0.5 acre | 5 | 3 | 41 | 0 | 1 | 195 |
| $2,224,500 | 2,885 | 8,000 - 10,000 sqft | 4 | 2 | 59 | 0 | 1 | 152 |
| $1,724,499 | 2,053 | 8,000 - 10,000 sqft | 4 | 1 | 64 | 4 | 1 | 99 |