George Fotion's Market Report

Rancho Palos Verdes, CA 90275

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467



Rancho Palos Verdes, CA 90275

Market Action Index

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

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Rancho Palos Verdes, CA 90275

Market Action Index

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

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Rancho Palos Verdes market.
Median List Price $1,649,000
Per Square Foot $590
Days on Market 102
Price Decreased 59%
Price Increased 2%
Relisted 13%
Inventory 109
Median House Rent $4,875
Most Expensive $10,950,000
Least Expensive $875,000
Market Action Index
Slight Seller's Advantage
37

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

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
$3,490,000 5,063 0.5 - 1 acre 5 4 20 1 2 170
$1,900,000 3,310 0.25 - 0.5 acre 4 2 48 4 2 76
$1,450,000 2,632 0.25 - 0.5 acre 4 2 54 1 7 80
$1,050,000 2,043 8,000 - 10,000 sqft 4 1 58 3 5 82