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. Click here to stay informed with the Palos Verdes Estates market!

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.

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. Click here to stay informed with the Palos Verdes Estates market!

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

Never miss important changes in the Palos Verdes Estates market.
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