Justin Tye

Palos Verdes Estates, CA

Single-Family Homes

Active Realty I REAL



Palos Verdes Estates, CA

Fri May 24 2024
This week the median list price for Palos Verdes Estates, CA is $3,888,000 with the market action index hovering around 41. This is an increase over last month's market action index of 38. Inventory has increased to 43. Click here to stay informed with the Palos Verdes Estates market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Palos Verdes Estates, CA

Fri May 24 2024
This week the median list price for Palos Verdes Estates, CA is $3,888,000 with the market action index hovering around 41. This is an increase over last month's market action index of 38. Inventory has increased to 43. Click here to stay informed with the Palos Verdes Estates market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Palos Verdes Estates market.
Median List Price $3,888,000
Median Price of New Listings $3,680,000
Per Square Foot $1,204
Average Days on Market 76
Median Days on Market 21
Price Decreased 26%
Price Increased 2%
Relisted 9%
Inventory 43
Median Rent
Market Action 41
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

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
$9,995,000 7,573 0.5 - 1 acre 5 6.5 26 1 1 122
$4,695,000 4,206 0.25 - 0.5 acre 5 5 46 3 1 14
$3,287,000 3,068 0.25 - 0.5 acre 4 3 61 3 3 35
$2,495,000 2,037 8,000 - 10,000 sqft 3 2 68 2 0 21