Most Expensive Palos Verdes Estates Homes

Most Expensive Palos Verdes Estates Homes

If we were to divide the Palos Verdes Estates homes market into price quartiles, what would the top 25% of the market look like?  What are the trends for prices, inventory, market strength and more?

In fact how do we quantify “market strength”.  The researchers at Altos (an independent real estate research firm to which I subscribe for access to their data – very expensive and I offer it at no cost to you as part of my customer service) have derived an index they call the “Market Action Index”*

These charts will update live every Monday morning approximately by 3am, so feel welcome to check in periodically to see how the market is doing.  Meanwhile, below the charts presented here, you will find the homes now for sale in this category (that have living area with one standard deviation of the mean living area size for the top quartile of Palos Verdes Estates homes)

Market Action Index From their website, Altos says:

We developed the MAI so you immediately know if it’s a Buyer’s or Seller’s market.
30+ indicates a Sellers market.

One of the unique market statistics provided in the Altos Market Reports our proprietary “Market Action Index” (MAI). Some of our subscribers ask about this stat and why we created it. In short, there are times in a market (both city and zip code level) that some of the key market stats that we use to analyze a market run counter to each other.

Perhaps median price is increasing at the same time that inventory levels are increasing while days-on-market is relatively flat. Using these three market stats individually makes it difficult to determine what is exactly is going on. We developed the MAI to roll together some of these key stats (and a few others) to generate a number, indexed to “30”, to determine if the local market is trending towards a “buyer’s market” or “seller’s market.”

From our reports:
“Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors.”

“The Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. “Hot Market”) because demand is high enough to quickly absorb available supply. A hot market will typically cause prices to rise. MAI values below 30 indicate a “Buyer’s Market” (a.k.a. “Cold Market”) where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. A cold market will typically cause prices to fall.”

Keep in mind that an MAI value close to “30” probably means that the local market is balanced or neutral. So if the MAI for your local market is somewhere between 27-33, then it’s likely to be either a buyer’s market or seller’s market based on the individual street or home area that a particular property is in.

We recommended using the Market Action Index with your clients to support your presentation about listing prices, offer prices, or other important client conversations where you might need some supporting data to back your argument.

Looking at the top quartile of Palos Verdes Estates homes sold in the last 6 months, the average living area size was 5,640 square feet.  So what’s the “typical” most expensive Palos Verdes Estates homes look like?  Let’s take a peek at the homes that are one standard deviation around the mean 5,640sqft ranked from the most expensive to the least:

Most Expensive Palos Verdes Estates Homes

For Sale

For Rent

Land

Multifamily

Commercial

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Property TypeAnyBoat SlipCabinCommercial/ResidentialCondominiumDeeded ParkingDuplexFarmLoftManufacture 433Manufactured HomeManufactured On LandMobile Home ParkOwn Your OwnQuadruplexSingle Family ResidenceStock CooperativeStudioTimeshareTownhouseTriplex

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Distressed

Open House

* Separate multiple values with comma.

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Price MaxAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Advanced Options

Property TypeAnyApartmentCommercial/ResidentialCondominiumDeeded ParkingDuplexLoftManufactured On LandOwn Your OwnQuadruplexRooms for RentSingle Family ResidenceStock CooperativeStudioTownhouseTriplex

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

* Separate multiple values with comma.

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Neighborhood

Address, MLS# or Keyword

* Separate multiple values with comma.

Location Search Nearby

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Address, MLS# or Keyword

YearAny2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

* Separate multiple values with comma.

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Address, MLS# or Keyword

YearAny2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Distressed

* Separate multiple values with comma.

Map

• Property listings 1 - 20 of 37
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Sort by: Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

$9,999,000

MLS# PV18239087

812 Via Conejo
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

7 Beds

9 Baths

7,826 Sqft

$7,800,000

MLS# SB18104456

145 Rocky Point Road
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

5 Beds

6 Baths

5,178 Sqft

$5,999,999

MLS# SB18242856

2812 Paseo Del Mar
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

6 Beds

9 Baths

7,188 Sqft

$5,900,000

MLS# PV18112103

915 Via Panorama
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

5 Baths

5,064 Sqft

$5,900,000

MLS# SB18141275

1109 W Palos Verdes Drive W
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

3 Baths

3,650 Sqft

$5,899,000

MLS# PV18153794

701 Via La Cuesta
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

6 Beds

6 Baths

6,915 Sqft

$4,900,000

MLS# SB18215980

2854 Via Victoria
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

6 Beds

8 Baths

7,100 Sqft

$4,195,000

MLS# SB18141747

1356 Via Coronel
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

5 Baths

5,130 Sqft

$3,999,000

MLS# PV18224030

3116 Via La Selva
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

5 Baths

4,901 Sqft

$3,995,000

MLS# SB18119292

1616 Paseo Del Mar
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

5 Beds

4 Baths

3,315 Sqft

$3,995,000

MLS# PV18236165

1320 Via Romero
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

6 Baths

3,000 Sqft

$3,985,000

MLS# SB18139168

1606 Espinosa Circle
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

4 Baths

4,219 Sqft

$3,780,000

MLS# PV18144871

861 Rincon Lane
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

6 Beds

7 Baths

5,038 Sqft

$3,657,999

MLS# SB18144051

2215 Via Cerritos
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

6 Baths

4,554 Sqft

$3,499,000

MLS# SB18239705

1501 Via Montemar
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active Under Contract

4 Beds

4 Baths

3,546 Sqft

$3,400,000

MLS# PV18177857

412 Via Almar
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

5 Beds

5 Baths

3,875 Sqft

$3,400,000

MLS# PV18227617

2720 Via Elevado
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

4 Baths

4,919 Sqft

$3,359,000

MLS# SB18122156

2940 Via Alvarado
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

4 Baths

3,467 Sqft

$3,350,000

MLS# SB18246115

976 Via Del Monte
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

5 Beds

6 Baths

5,016 Sqft

$3,258,800

MLS# SB18138452

820 Via Somonte
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

4 Baths

3,812 Sqft

• Property listings 1 - 20 of 37
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