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.
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
| 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 |