Justin Tye

Palos Verdes Estates, CA

Single-Family Homes

Active Realty I REAL



Palos Verdes Estates, CA

Thu Jun 20 2024
This week the median list price for Palos Verdes Estates, CA is $3,680,000 with the market action index hovering around 45. This is an increase over last month's market action index of 42. Inventory has held steady at or around 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Palos Verdes Estates, CA

Thu Jun 20 2024
This week the median list price for Palos Verdes Estates, CA is $3,680,000 with the market action index hovering around 45. This is an increase over last month's market action index of 42. Inventory has held steady at or around 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Palos Verdes Estates market.
Median List Price $3,680,000
Median Price of New Listings $3,350,000
Per Square Foot $1,193
Average Days on Market 85
Median Days on Market 42
Price Decreased 35%
Price Increased 2%
Relisted 7%
Inventory 43
Median Rent
Market Action 45
Strong Seller's Market

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
$9,920,000 7,573 0.5 - 1 acre 5 6.5 20 0 0 115
$4,500,000 4,034 0.25 - 0.5 acre 5 4 48 3 4 28
$3,250,000 3,117 0.25 - 0.5 acre 4 3 52 2 2 49
$2,399,000 2,118 8,000 - 10,000 sqft 3 2 68 2 2 35