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 Aug 23 2019
This week the median list price for Palos Verdes Estates, CA 90274 is $2,695,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 87. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Palos Verdes Estates, CA 90274

Fri Aug 23 2019
This week the median list price for Palos Verdes Estates, CA 90274 is $2,695,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 87. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Palos Verdes Estates market.
Median List Price $2,695,000
Per Square Foot $786
Days on Market 108
Price Decreased 52%
Price Increased 1%
Relisted 8%
Inventory 87
Median House Rent $7,348
Most Expensive $27,500,000
Least Expensive $1,195,000
Market Action Index
Slight Seller's Advantage
31

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

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
$5,395,000 5,476 0.25 - 0.5 acre 5 4 29 0 1 152
$2,998,500 3,796 0.25 - 0.5 acre 4 3 41 1 1 110
$2,297,000 2,740 0.25 - 0.5 acre 4 3 56 1 3 107
$1,699,000 2,220 8,000 - 10,000 sqft 4 1 63 0 4 65