Palos Verdes Estates, CA 90274

George Fotion's Market Report

Palos Verdes Estates, CA 90274

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | (424) 722-9136

Mon Dec 23 2024
This week the median list price for Palos Verdes Estates, CA 90274 is $3,822,000 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has decreased to 30. Click here to stay informed with the Palos Verdes Estates market!

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.

Median List Price		$3,822,000
Median Price of New Listings		$1,798,000
Per Square Foot		$1,095
Average Days on Market		127
Median Days on Market		91
Price Decreased		27%
Price Increased		3%
Relisted		17%
Inventory		30
Median Rent
Market Action		35
Slight Seller's Advantage

Each segment below represents approximately 25% of the market ordered by price.

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$8,990,000	6,872	0.5 - 1 acre	6	5	35	1	1	84
$4,988,000	4,500	0.25 - 0.5 acre	6	4	45	0	0	154
$3,749,500	3,245	0.25 - 0.5 acre	4	4	53	0	0	87
$2,099,499	2,083	6,500 - 8,000 sqft	3	2	68	2	2	63

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$8,990,000	6,872	0.5 - 1 acre	6	5	35	1	1	84
$4,988,000	4,500	0.25 - 0.5 acre	6	4	45	0	0	154
$3,749,500	3,245	0.25 - 0.5 acre	4	4	53	0	0	87
$2,099,499	2,083	6,500 - 8,000 sqft	3	2	68	2	2	63

Median Price	Top $8,990,000	Upper $4,988,000	Lower $3,749,500	Bottom $2,099,499
Sq. Ft.	6,872	4,500	3,245	2,083
Lot Size	0.5 - 1 acre	0.25 - 0.5 acre	0.25 - 0.5 acre	6,500 - 8,000 sqft
Beds	6	6	4	3
Baths	5	4	4	2
Age	35	45	53	68
New	1	0	0	2
Absorbed	1	0	0	2
DOM	84	154	87	63

George Fotion's Market Report