Pango Group

Palos Verdes Estates, CA 90274

Single-Family Homes

www.pangogroup.com



Palos Verdes Estates, CA 90274

Fri Jun 21 2024
This week the median list price for Palos Verdes Estates, CA 90274 is $3,680,000 with the market action index hovering around 45. This is an increase over last month's market action index of 42. Inventory has held steady at or around 43. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Palos Verdes Estates, CA 90274

Fri Jun 21 2024
This week the median list price for Palos Verdes Estates, CA 90274 is $3,680,000 with the market action index hovering around 45. This is an increase over last month's market action index of 42. Inventory has held steady at or around 43. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Palos Verdes Estates market.
Median List Price $3,680,000
Median Price of New Listings $3,350,000
Per Square Foot $1,193
Average Days on Market 85
Median Days on Market 42
Price Decreased 35%
Price Increased 2%
Relisted 7%
Inventory 43
Median Rent
Market Action 45
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently 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
$9,920,000 7,573 0.5 - 1 acre 5 6.5 20 0 0 115
$4,500,000 4,034 0.25 - 0.5 acre 5 4 48 3 4 28
$3,250,000 3,117 0.25 - 0.5 acre 4 3 52 2 2 49
$2,399,000 2,118 8,000 - 10,000 sqft 3 2 68 2 2 35