Wed Dec 11 2019
This week the median list price for Rancho Palos Verdes, CA 90275 is $1,790,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 81.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,790,000|
|Per Square Foot||$615|
|Days on Market||121|
|Slight Seller's Advantage|
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$4,265,000||5,625||0.5 - 1 acre||5||5||22||0||2||226|
|$1,999,000||3,684||0.25 - 0.5 acre||4||3||41||1||4||89|
|$1,542,500||2,644||0.25 - 0.5 acre||4||2||54||1||3||100|
|$1,250,000||1,902||8,000 - 10,000 sqft||4||1||59||5||7||70|