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

Tue Oct 19 2021
This week the median list price for Rancho Palos Verdes, CA 90275 is $1,895,000 with the market action index hovering around 70. This is less than last month's market action index of 71. Inventory has increased to 41. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Tue Oct 19 2021
This week the median list price for Rancho Palos Verdes, CA 90275 is $1,895,000 with the market action index hovering around 70. This is less than last month's market action index of 71. Inventory has increased to 41. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $1,895,000
Median Price of New Listings $1,512,500
Per Square Foot $748
Average Days on Market 79
Median Days on Market 35
Price Decreased 22%
Price Increased 2%
Relisted 10%
Inventory 41
Median Rent $6,500
Market Action 70
Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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
$3,636,000 4,973 0.5 - 1 acre 5 5 27 1 1 77
$2,297,500 3,032 0.25 - 0.5 acre 4 4 57 1 3 28
$1,712,000 2,504 0.25 - 0.5 acre 3 3 59 1 3 7
$1,275,000 1,844 6,500 - 8,000 sqft 3 2 64 3 2 7