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 15 2019
This week the median list price for Rancho Palos Verdes, CA 90275 is $1,681,500 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 106. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Rancho Palos Verdes, CA 90275

Tue Oct 15 2019
This week the median list price for Rancho Palos Verdes, CA 90275 is $1,681,500 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 106. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, 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 $1,681,500
Per Square Foot $588
Days on Market 105
Price Decreased 56%
Price Increased 4%
Relisted 12%
Inventory 106
Median House Rent $4,875
Most Expensive $9,699,000
Least Expensive $770,000
Market Action Index
Slight Seller's Advantage
37

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, 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
$3,937,500 5,032 0.5 - 1 acre 5 4 14 0 2 172
$1,999,000 3,739 0.25 - 0.5 acre 4 3 47 2 3 110
$1,499,000 2,711 0.25 - 0.5 acre 4 2 54 4 4 65
$1,040,000 1,790 6,500 - 8,000 sqft 4 1 58 5 5 73