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

Mon Jun 17 2019
This week the median list price for Rancho Palos Verdes, CA 90275 is $1,650,000 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has held steady at or around 115. Click here to stay informed with the Rancho Palos Verdes market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Rancho Palos Verdes, CA 90275

Mon Jun 17 2019
This week the median list price for Rancho Palos Verdes, CA 90275 is $1,650,000 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has held steady at or around 115. Click here to stay informed with the Rancho Palos Verdes market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Rancho Palos Verdes market.
Median List Price $1,650,000
Per Square Foot $628
Days on Market 97
Price Decreased 40%
Price Increased 2%
Relisted 8%
Inventory 115
Median House Rent $4,335
Most Expensive $10,950,000
Least Expensive $680,000
Market Action Index
Slight Seller's Advantage
40

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

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
$3,567,500 5,338 0.5 - 1 acre 5 4 28 1 0 176
$2,100,000 3,637 0.25 - 0.5 acre 4 3 43 2 3 94
$1,449,000 2,318 0.25 - 0.5 acre 4 2 55 5 3 37
$1,125,000 1,920 6,500 - 8,000 sqft 3 1 59 3 7 84