George Fotion's Market Report

Rancho Palos Verdes, CA 90275

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | (424) 722-9136



Rancho Palos Verdes, CA 90275

Sun Jul 14 2024
This week the median list price for Rancho Palos Verdes, CA 90275 is $2,295,000 with the market action index hovering around 44. This is less than last month's market action index of 48. Inventory has increased to 88. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Rancho Palos Verdes, CA 90275

Sun Jul 14 2024
This week the median list price for Rancho Palos Verdes, CA 90275 is $2,295,000 with the market action index hovering around 44. This is less than last month's market action index of 48. Inventory has increased to 88. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Rancho Palos Verdes market.
Median List Price $2,295,000
Median Price of New Listings $1,990,000
Per Square Foot $884
Average Days on Market 63
Median Days on Market 35
Price Decreased 39%
Price Increased 2%
Relisted 7%
Inventory 88
Median Rent
Market Action 44
Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on 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
$5,686,500 5,352 0.5 - 1 acre 5 5 33 3 0 77
$2,787,500 3,201 0.25 - 0.5 acre 4 4 56 2 2 45
$1,998,500 2,484 0.25 - 0.5 acre 4 3 58 5 2 24
$1,624,500 1,865 0.25 - 0.5 acre 4 2 64 5 4 21