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
Mon Jun 17 2019
This week the median list price for Palos Verdes Estates, CA 90274 is $2,699,500 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 90.
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
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $2,699,500 | |
| Per Square Foot | $814 | |
| Days on Market | 90 | |
| Price Decreased | 36% | |
| Price Increased | 1% | |
| Relisted | 3% | |
| Inventory | 90 | |
| Median House Rent | $4,550 | |
| Most Expensive | $27,500,000 | |
| Least Expensive | $1,199,000 | |
| Market Action Index Slight Seller's Advantage | 31 |
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
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 |
|---|---|---|---|---|---|---|---|---|
| $5,900,000 | 5,682 | 0.5 - 1 acre | 5 | 4 | 27 | 1 | 0 | 113 |
| $2,999,000 | 3,920 | 0.25 - 0.5 acre | 4 | 3 | 36 | 0 | 2 | 106 |
| $2,299,000 | 3,112 | 8,000 - 10,000 sqft | 4 | 3 | 54 | 1 | 0 | 88 |
| $1,599,000 | 2,196 | 6,500 - 8,000 sqft | 3 | 1 | 63 | 2 | 5 | 54 |