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

Sun May 26 2019
This week the median list price for Palos Verdes Estates, CA 90274 is $2,674,500 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 80. Click here to stay informed with the Palos Verdes Estates market!

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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Palos Verdes Estates, CA 90274

Sun May 26 2019
This week the median list price for Palos Verdes Estates, CA 90274 is $2,674,500 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 80. Click here to stay informed with the Palos Verdes Estates market!

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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Palos Verdes Estates market.
Median List Price $2,674,500
Per Square Foot $831
Days on Market 84
Price Decreased 30%
Price Increased 3%
Relisted 1%
Inventory 80
Median House Rent $4,800
Most Expensive $27,500,000
Least Expensive $1,399,000
Market Action Index
Slight Seller's Advantage
31

We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-location variables.

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
$5,895,000 5,702 0.5 - 1 acre 5 3 21 1 0 112
$2,894,500 3,796 0.25 - 0.5 acre 4 3 32 1 2 92
$2,197,000 3,242 0.25 - 0.5 acre 4 3 48 3 1 87
$1,685,000 2,177 8,000 - 10,000 sqft 3 1 63 2 2 44