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

Fri Mar 29 2024
This week the median list price for Palos Verdes Estates, CA 90274 is $5,350,000 with the market action index hovering around 36. This is less than last month's market action index of 39. Inventory has increased to 29. 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.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Palos Verdes Estates, CA 90274

Fri Mar 29 2024
This week the median list price for Palos Verdes Estates, CA 90274 is $5,350,000 with the market action index hovering around 36. This is less than last month's market action index of 39. Inventory has increased to 29. 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.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Palos Verdes Estates market.
Median List Price $5,350,000
Median Price of New Listings $4,890,000
Per Square Foot $1,255
Average Days on Market 109
Median Days on Market 63
Price Decreased 24%
Price Increased 7%
Relisted 7%
Inventory 29
Median Rent
Market Action 36
Slight Seller's Advantage

The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

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
$13,998,000 11,332 0.5 - 1 acre 6 9 30 0 0 182
$8,975,000 4,363 0.25 - 0.5 acre 5 4 46 1 1 91
$4,200,000 4,204 0.25 - 0.5 acre 5 4 52 1 3 63
$2,844,500 2,164 8,000 - 10,000 sqft 3 2.5 63 1 2 31