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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's 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|
|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.
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|