PALOS VERDES HOUSING MARKET UPDATE (April 21, 2024)
(Single Family Residences)
Two weeks in a row, we have had more than 20 new listings for the first time since July 2022. However, 9 listings were taken off the market last week; making the net increase of only 4. Sales are tepid, only 10. A combination of short supply and risen interest rates suppressed the sales.
Please see our trend analysis graphs Trend Analysis.
Please click here to see by Area E/A ratio.
Please read more in our popular newsletters with unique analysis and full of useful information.
Rockyfield Newsletter
Single Family Homes
(As of 10:00 April 21, 2024)
| PRICE RANGE |
ACTIVE |
IN ESCROW |
E/A RATIO |
| -- |
-- |
$999,900 |
0 |
0 |
NA% |
| $1,000,000 |
-- |
$1,249,900 |
2 |
0 |
0% |
| $1,250,000 |
-- |
$1,499,900 |
0 |
3 |
NA% |
| $1,500,000 |
-- |
$1,749,900 |
7 |
5 |
71% |
| $1,750,000 |
-- |
$1,999,900 |
14 |
14 |
100% |
| $2,000,000 |
-- |
$2,499,900 |
16 |
14 |
88% |
| $2,500,000 |
-- |
$2,999,900 |
12 |
6 |
50% |
| $3,000,000 |
-- |
$3,999,999 |
13 |
6 |
46% |
| $4,000,000 |
-- |
|
38 |
12 |
32% |
| TOTAL |
102 |
60 |
↓ 59% |
| MEDIAN PRICE (,000) |
$2999 |
$2250 |
|
| (Source:
MLS) |
By area please click here Market E A Ratio Analysis By Area
The market trend graphs (supply-demand and price movements) are here Trend analysis
Townhomes and Condominiums
Both townhomes and condos are selling well, especially the townhome market is hot. Howver, as single family houses, the condos along the south coast are struggling.
|
