Fri Nov 15 2019
This week the median list price for Rancho Palos Verdes, CA 90275 is $1,649,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 96.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,649,000|
|Per Square Foot||$588|
|Days on Market||108|
|Slight Seller's Advantage|
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.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$4,190,000||5,367||0.5 - 1 acre||5||4||20||2||3||170|
|$1,999,000||3,739||0.25 - 0.5 acre||4||3||48||1||1||99|
|$1,437,000||2,622||0.25 - 0.5 acre||4||2||54||3||0||84|
|$1,097,500||1,788||8,000 - 10,000 sqft||4||1||59||1||4||75|