Rancho Palos Verdes, CA 90275

George Fotion's Market Report

Rancho Palos Verdes, CA 90275

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467

Fri Apr 19 2024
This week the median list price for Rancho Palos Verdes, CA 90275 is $2,249,500 with the market action index hovering around 48. This is an increase over last month's market action index of 45. Inventory has increased to 56. Click here to stay informed with the Rancho Palos Verdes market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Median List Price		$2,249,500
Median Price of New Listings		$1,895,000
Per Square Foot		$869
Average Days on Market		54
Median Days on Market		28
Price Decreased		27%
Price Increased		0%
Relisted		5%
Inventory		56
Median Rent
Market Action		48
Strong Seller's Market

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
$5,297,500	5,407	0.5 - 1 acre	5	6	33	1	0	52
$2,569,500	2,978	0.25 - 0.5 acre	4	3.5	52	3	0	28
$1,995,000	2,568	0.25 - 0.5 acre	4	3	58	5	4	7
$1,743,500	2,003	8,000 - 10,000 sqft	3	2	64	6	2	45

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$5,297,500	5,407	0.5 - 1 acre	5	6	33	1	0	52
$2,569,500	2,978	0.25 - 0.5 acre	4	3.5	52	3	0	28
$1,995,000	2,568	0.25 - 0.5 acre	4	3	58	5	4	7
$1,743,500	2,003	8,000 - 10,000 sqft	3	2	64	6	2	45

Median Price	Top $5,297,500	Upper $2,569,500	Lower $1,995,000	Bottom $1,743,500
Sq. Ft.	5,407	2,978	2,568	2,003
Lot Size	0.5 - 1 acre	0.25 - 0.5 acre	0.25 - 0.5 acre	8,000 - 10,000 sqft
Beds	5	4	4	3
Baths	6	3.5	3	2
Age	33	52	58	64
New	1	3	5	6
Absorbed	0	0	4	2
DOM	52	28	7	45

George Fotion's Market Report