Pango Group

Palos Verdes Estates, CA 90274

Single-Family Homes

www.pangogroup.com


Palos Verdes Estates, CA 90274

Thu Jun 08 2023
This week the median list price for Palos Verdes Estates, CA 90274 is $3,447,500 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has increased to 32. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Palos Verdes Estates, CA 90274

Thu Jun 08 2023
This week the median list price for Palos Verdes Estates, CA 90274 is $3,447,500 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has increased to 32. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Palos Verdes Estates market.
Median List Price $3,447,500
Median Price of New Listings $2,195,000
Per Square Foot $1,183
Average Days on Market 81
Median Days on Market 32
Price Decreased 28%
Price Increased 3%
Relisted 6%
Inventory 32
Median Rent
Market Action 41
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$11,090,000 6,556 0.5 - 1 acre 5 7 18 0 0 189
$4,199,500 4,639 0.25 - 0.5 acre 5 5 43 0 0 35
$2,799,000 2,538 8,000 - 10,000 sqft 3 3 66 1 2 17
$1,948,950 1,681 6,500 - 8,000 sqft 3 2 67 2 1 28