PALOS VERDES HOUSING MARKET UPDATE (April 14, 2024)
(Single Family Residences)
Suddenly, many sales were made last week, 18 of them. Given the higher rates, it was not expected. However, the reason seems to be clear: 25 new listings came on the market last week, and boosted sales. All other factors aside, the availability of properties for sale is the number one reason for lackluster sales. There is only one active listing (SFR) in the entire PV market under $1.5M.
Please see our trend analysis graphs Trend Analysis.
Please click here to see by Area E/A ratio.
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Rockyfield Newsletter
Single Family Homes
(As of 09:00 April 14, 2024)
| PRICE RANGE |
ACTIVE |
IN ESCROW |
E/A RATIO |
| -- |
-- |
$999,900 |
0 |
0 |
NA% |
| $1,000,000 |
-- |
$1,249,900 |
0 |
2 |
NA% |
| $1,250,000 |
-- |
$1,499,900 |
1 |
3 |
300% |
| $1,500,000 |
-- |
$1,749,900 |
4 |
6 |
150% |
| $1,750,000 |
-- |
$1,999,900 |
15 |
12 |
80% |
| $2,000,000 |
-- |
$2,499,900 |
17 |
13 |
76% |
| $2,500,000 |
-- |
$2,999,900 |
13 |
3 |
23% |
| $3,000,000 |
-- |
$3,999,999 |
11 |
7 |
64% |
| $4,000,000 |
-- |
|
38 |
14 |
37% |
| TOTAL |
99 |
60 |
↑ 61% |
| 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.
|
