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:
This exquisite Malaga Cove Bluff-Top Estate Villa Sul Mar is perched high above the Pacific Ocean and offers an unbelievable ocean view. Inspired by a famous villa along the shores of Lake Como in Italy the property was designed by a highly noted local architect using only the top quality materials. The detail of the interior finish work is apparent the moment you enter the dramatic entry with massive ceilings. The stunning master suite comes complete with a sitting area and cozy fireplace, marble encased soaking tub and covered ocean view terrace. The gourmet kitchen has professional grade appliances, breakfast nook and huge center island. There is also a spacious circular wine room with tasting table and rustic Italian wall mural, great room with bar, large jacuzzi with fountain, massive 6 car show piece garage with additional covered parking and a three stop elevator. Home sits on over a half acre of lush land, lighted pathways, stone fountains and dual stone rotundas. Sitting high on the ocean bluffs of lower Malaga Cove, the magnificent view is from the beach cities to Malibu and beyond. Convenient location to ocean, hiking trails, Malaga Cove Plaza and Palos Verdes school system. This gated estate is a dream come true.
Rare opportunity to build your own stunning Mediterranean Villa at the highest quality, located in one of the most sought after streets Paseo Del Mar in Palos Verdes Estates. Large flat lot has field size yard, grand entrance yard with circular driveway. This grand home is 7,800SF with 1,000SF covered patio space, steps away from the bluff, including dramatic soaring two-story foyer and double circular staircases. Expansive living, dining and great room, gracious gourmet kitchen, spectacular glass wall wine cellar, wet bar, elevator and screening room. Private master retreat with panoramic ocean view, private sitting area, fireplace, private balcony, huge his/hers closet & spa/bath. 4 additional bedrooms up all with ensuite bath, and 1st floor guest suite. Enjoy this private oasis complete with sparkling pool/spa, built-in barbecue, outdoor fire place and gated motor court.
A Rare Opportunity to own one of the Magnificent Estates of Palos Verdes. This Mediterranean Estate was custom built to entertain in and for a family to live in. The detail craftsmanship is astounding and can be only fully appreciated with a private walk through. The Main Level has an impressive foyer opening to a living room and French doors to the terrace and the view. There is a sitting room, a dining room, a powder bath and a guest room with a bath on this entry level. The large gourmet kitchen with top of the line appliances and features opens up to a larger family room with ocean and canyon views. A terrace wraps around the entire back of the house. The formal foyer has an elegant curving stair way. This upper level has 4 bedrooms, 3 baths, laundry room and an office/library. The master suite is approx. 1,000 sq. ft. of luxury. A luxurious master bath and an even more impressive huge closet/dressing room. The large master opens to a grand terrace that overlooks the Pacific Ocean, the green canyons of Palos Verdes. It is awe inspiring. The Lower Level has the 3 car garage, work shop, another guest bedroom and a recreational room with a fireplace. There is an indoor/outdoor covered room for casual entertaining with a full bar, refrigerator and wall size big screen making this area the envy of all man caves. All these rooms open to the pool, Jacuzzi, fire pit, outdoor kitchen with every feature possible, a putting green with chip shot & sand trap practice areas.
Dramatic Ocean, Queen’s Necklace, City, PV Golf Course and Downtown views from this gorgeous Hacienda Estate located in the heart of Malaga cove. Situated on a cul-de-sac on an elevated 41,441 Sf lot - this home offers complete privacy with approximate 6,915 SF living space, 6 BDs & 5.5 BAs with views from most rooms. Enter through a gated courtyard with lush landscape and a water fountain that leads to the front entrance. The formal entry opens to the living room with a wet bar and French doors that access a large balcony overlooking the backyard and views. The kitchen opens to the large family room and is complete with a Godin cooktop, built in microwave, large center island, beautiful wood cabinets and a walk in pantry. The master retreat features a sitting area, fireplace, a large walk in closet, a master bath with a spa tub, shower and double sinks. The media room with a wet bar + a bonus room that could be used as a bedroom/playroom are on the lower level. Multiple French doors access the outdoors is perfect for quiet relaxation with a pool, spa, a waterfall Koi Pond, orchard area with mature fruit trees & a walking trail that leads to an observation area overlooking views. Other features include wood floors in the main living rooms, wood beamed ceilings in the family room & kitchen a 5-car garage, 2 stairways that lead downstairs and 6 fireplaces.
Big price reduction!! A once in a lifetime opportunity to live on the prestigious, magnificent and breathtaking bluffs of PVE! Located in the calm and relaxed estates of Rocky Point is a modern, classy, meticulously maintained, ocean front gem with unsurpassed views. This 4 bed 4.5 bath light, airy & stylish one level home is gracefully perched atop the bluff with panoramic ocean, city, and queens necklace views. It's a one of a kind home that captures views from all major rooms in dramatic fashion, in addition to that, living here you'll be the fortunate recipient of the magical sound and energy the glorious ocean emanates. The Pacific ocean is literally your back yard! Custom built in 2010 and being sold by the original owner. There's an expansive and open floor plan with 22' high ceilings and exceptional use of natural light. The home uniquely blends indoor and outdoor living with floor to ceiling window sliders creating a perfect harmony and seamless flow from the inside out. Some additional amenities include - 2 fireplaces, walk in closets, heated pool, spa, beautiful floor tile, Italian wall tiles, hardwood floors, caesarstone counters, bamboo cabinetry, surround sound, central vac, viking stove, outdoor shower and 2 car garage. You'll be hard pressed to find a setting as tranquil, dramatic & stunningly beautiful as this Rocky Point architectural masterpiece. It's the ideal home for entertaining and relaxation alike. Walking distance to PV's award winning schools
This custom built Tuscan Villa features 5 bedrooms and 8 bathrooms with an elevator and panoramic ocean views including Catalina Island. A peaceful bougainvillea lined courtyard with a large wall fountain greets your guests as they make their way down the steps and venetian plastered walls from the double door entry way through the upper entrance of the property. In the main level you will find a palatial formal living room, the colossal gourmet kitchen and an expansive family room with its own fireplace and views of the Pacific ocean. This level also gives you access to the terrace that overlooks the fountain lined pool as well as the outdoor barbeque area complete with wrap-around seating surrounding the lava rock filled gas fire pit. The property also boasts a theater room complete with a 135 cinema screen and tiered floor for unobstructed viewing and an enclosed spa area with mirror lined walls for a gym complete with its own full bathroom. The third floor includes the master suite with its large walk in closet and spa quality bath complete with steam shower, oversized Jacuzzi tub and separate sinks. Other features include the impeccable landscaping, viewing tower, wine cellar, Nest smart thermostats, centralized audio system and security cameras.
This elegant Tennis Estate is absolutely magnificent, and can be purchased FURNISHED*. Majestically positioned atop a long driveway, and surrounded by lush landscaping, this is the epitome of luxury. Stone and hardwood floors, French doors and high ceilings all help to enhance the large, yet comfortable rooms. The impressive living room leads to a private office with adjacent bathroom. The gourmet kitchen features a center island, stainless appliances and opens to the family room which overlooks the pool, spa and outdoor patio with BBQ & fireplace. The spacious formal dining room works well for large or intimate gatherings. Upstairs, you’ll discover 4 bedrooms, including the sumptuous master-suite complete with luxurious master bathroom and expansive vistas of the city lights and ocean. The library, temperature controlled wine cellar, guest suite or exercise room, 3-car garage and a Crestron system complete the vision.
location, Location, LOCATION!! This amazing custom built (completely rebuilt in '07) home is located on one of the quieter and most sought after lower Malaga Cove streets. From the moment you walk into the front door you will immediately notice the quality and attention to detail that was given rebuilding this home. This beautifully built home features 5 bd, 4.5 bth plus an amazing outdoor living space. The home offers 4 fireplaces (living rm, fam rm, master & outdoor). Commanding panoramic ocean and queen's necklace views from many rms. 3 common living areas- the liv rm, f'rm and an upstairs media rm. The large fam rm is open to the kitchen and outdoor entertaining backyard. The master suite offers a magnificent view from the bedroom as well as the adjacent office. The kitchen and informal eating area are ideal for entertaining and flow directly to the fam rm as well as the fabulous outdoor space. The backyard offers a nice sized pool and an ocean view hot tub area. The outdoor kitchen offers a built in BBQ, fridge and sink. The outdoor liv area includes a living space with fireplace and a built in dining area. In addition, there is a nice sized pool, spa and a nice sized grass backyard. Other features include numerous sets of french doors throughout the home, 1 3/4 solid mahogany doors, custom hand painted spanish tiles, heated stone flrs in 2 bths, fam rm and kitchen. Short distance to PV Bluffs, PV Beach Club and RAT beach. Hurry this one will not last!!
Breath taking Ocean View homes ! A magnificent home located in a walking distance to the beach and overlooking the Pacific Ocean in Palos Verdes Estates! The foyer features front door with the 1800's of Egypt, Italian tumbled travertine floor and a sweeping staircase leading to the main and top level of the house. Spacious master suite with its own deck to enjoy the ocean view. A fireplace adding romantic atmosphere , roman tub and a separate shower with a walk- in closet complete the master bath. The formal living area opens up to a patio overlooking miles of blue ocean. A main focal point is the limestone fireplace patterned after a late 1800's Prague Art Nuevo apartment. Gourmet kitchen with a sub zero and center island creates an open space design. Luxurious bonus include mahogany windows, mahogany French Doors, travertine and wood floor throughout, central vac, and a dumbwaiter. A bonus room on the ground level can be a man's cave or entertainment center. Extra room of storage behind the laundry room. Secluded and private back yard perfect it all. close to park, schools and shops
Motivated Seller! Bring your clients for a showing today! This is a Beautiful Home on a private road in Rancho Palos Verdes with stunning Ocean and City views from Santa Monica to Los Angeles! Located on a private road across the street from Palos Verdes Tennis & Golf Club. There is a beautiful Salt Water Pool with stunning views as you enter the home. This home has an expansive entry, living room and dining room with two fireplaces. Beautiful open floor-plan Kitchen with an island and several pantries. Each bedroom upstairs has it's own balcony with breathtaking views and a large closet. Large 3-car garage with a long private driveway. Luxurious Master Bathrooms with shower and tub. Every Bathroom is spacious and elegant. Open backyard with outdoor furniture, fireplace, grill, outdoor kitchen, chicken coop, and iron fencing. Lots of fruit trees, including oranges, figs, lemons, apricots, pomegranate, apples, persimmon, etc. BRAND NEW AC and Heater air ducts. UPGRADED deck outside that is perfect for entertaining guests. Don't miss this opportunity to own a beautiful and private home in RPV. House is in pristine condition with lots of upgrades.
Introducing this rare, brand-new majestic Tuscan-style Villa in Palos Verdes Estates! This stunning hilltop estate has meticulous attention to every luxurious detail throughout the home and is located in the heart of Monte Malaga. The home features a private gated entry, a magnificent living room with two fireplaces and vaulted ceilings, 5 bedrooms (three of which are on the main level) plus a large office with high ceilings and lots of windows. Huge decorative windows, engineered hardwood floors and high ceilings throughout maximize the splendor and open feel of this grand estate property. The home features a gourmet kitchen with stainless steel appliances, a large island sitting area and gorgeous cabinetry. The lower floor has 2 bedrooms, 2 baths a second family room, a bar area, an exercise room and a wine room. The large (almost 15,000 sq ft) lot includes a huge grassy front and back yard, ideal for a pool, swing set/club house, and entertaining. Gorgeous back balconies extend out from the master bedroom, living room, dining room, lower level area and kitchen to soak up the rays from the sunny back yard while admiring the scenery. There are two tank-less water heaters, three forced-air heaters, and three-zoned central a/c units. There is even an ocean view from the street curb next to the property. These type of brand new construction rarely comes on the market.
Custom built Monte Malaga gated estate located on a cul-de-sac with partial city views. The private courtyard leads up to the front door that opens to a grand two story formal entry with beautiful marble floors and an elegant wrought iron stairway. Featuring 7 bedrooms and 5.5 baths and approximate 7,351 SF living space, this home has much to offer, from its easy flowing floorplan to the lushly landscaped outdoor entertaining area. The main level comprises a very large formal living and a family room with wet bar, the formal dining, kitchen with a breakfast area and a guest bedroom. French doors throughout providing easy access to the backyard that is complete with a BBQ grill, a fire pit, pool/ spa and a large flat grassy area. A second stairway off the kitchen services the upper and lower level. The upper level features a private master suite with large walk in closets and a balcony. The other 4 bedrooms are located on a separate wing with its own living room that accesses a huge oversized balcony overlooking city views. Other features include a maid's quarters + a laundry room on the lower level as well as a laundry area upstairs, laundry chute, a 3-car garage, marble fireplaces, audio/ video surround sound system and skylights throughout.
Beautiful French Mediterranean home located in the heart of Monte Malaga on a quieter street overlooking amazing views of the ocean, coastline & sunset. Featuring 4 BDs & 4.5 BAs with approx. 4,167 SF living space with all of the main living areas located on one level. The front door opens into a charming entry hall complete with a fireplace that flows into the formal living room, formal dining room with a fireplace, kitchen as well as the family room. The kitchen boasts a center island, built in microwave, beautiful wood cabinets, access to the dumbwaiter, pantry, breakfast area and a desk area. Wake up to gorgeous ocean views from the large private master retreat that comes with a meditation room, walk in closet and a separate sitting room. The master bath has dual sinks, private toilet with bidet and sink, a spa tub as well feet warming heaters. Multiple French doors access the sheltered wraparound outdoor patio w/ heating and lighting + the private garden with mature fruit trees + rose bushes. On the lower level is the access to the 2-car garage, laundry room, a Finlandia dry sauna and a large finished basement that could be used as a gym room, a wine cellar or storage. Other features include large viewing balcony accessed from the dining room, oak wood floors, 5 fireplaces, indoor /outdoor speakers & surround sound entertainment system, 3 zoned heating & AC, ornate ironwork railings on the exterior stairs and balconies and lushly landscaped front and back yards.
This gorgeous villa sits on one of the most highly desirable streets in the Malaga Cove area of Palos Verdes Estates with queens necklace views, ocean and city lights can be seen from most rooms in the home. This pristine home is perfect for entertaining guests on the balcony overlooking the breathtaking views,with a large dining room, large living room with fireplace, beautiful oak hardwood flooring and Spanish tiles throughout. Designed by H. Roy Kelley the renowned architect of the 1920's. Park in the two car garage and take the elevator up to the main rooms of the home. The large, warm living room has a fireplace. Enjoy the large wall of custom wooden french doors opening up to the covered tile terrace. There is a lovely balcony off the master bedroom with incredible views as well. This is truly a one of a kind home and has been meticulously maintained. This wonderful Architectural, hillside landmark is featured in the current Peninsula Magazine. ** seller states the home is approx. 250 square foot larger - patio enclosure not in square footage per assessor, BUYER to VERIFY!***
This is the most sought after type of view home on one of the most sought after streets in all of Palos Verdes Estates! Upon walking into the home you will be greeted by the breathtaking views of the California Coastline from the Queen’s Necklace all the way to Malibu, downtown Los Angeles, and the mountains. Almost every single room has expansive views. Completely Remodeled with custom detailing throughout, this home boasts 5 bedrooms, 4 1/2 bathrooms, a formal living room with stunning fireplace, 2 family rooms both with gorgeous fireplaces, an office with beautiful built-ins, 3 car garage, and storage galore both inside the home and in the garage. The gourmet kitchen has top-of-the-line appliances including a gas stove, double oven, warming drawer, dish washer, subzero refrigerator/freezer and cozy built-in banquet. The setting and amenities are absolutely perfect for entertaining with almost 4300 square feet of living space, a built in jacuzzi, fire-pit, putting green, and large sports court.
VIEW! VIEW! VIEW! Magnificent QUEEN'S NECKLACE VIEW in Palos Verdes Estates!!!!! Excellent Location, close to parks, all the shopping centers, schools, beach and library. This property is in the heart of Palos Verdes Peninsula. Great Curb Appeal, Grand Entry Way, spacious 5 BR+ library+ maid’s room, 5.5 baths, 5884 SF, living room and family room with view, large master suite, pool and spa. Open and Spacious floor plan. Priced to sell. Investors Opportunity. PROPERTY TO BE SOLD AS-IS CONDITION. Seller is Motivated!
Lush, tropical-like surroundings and bright open spaces work in perfect harmony at this extraordinary Balinese-inspired estate extensively remodeled from the ground up in 2003 and resting on a sprawling approx. 1.1 acre ultra-private parcel in Palos Verdes Estates. Beyond a long circular drive sits this single-story residence highlighted by vaulted beamed ceilings, bamboo & limestone flooring, ample wood-framed windows, and carved wood accent doors. Multiple sets of French doors foster indoor-outdoor living or entertaining from nearly every room in the house including each secondary bedroom, the dining room, and an awe-inspiring great room encompassing an inviting seating area and chef’s kitchen with oversized kitchen island and premium appliances. Just outside awaits your private paradise with pool and spa, covered patio, built-in barbecue area, sport court, and putting green. Winding pathways lead the way to additional outdoor niches including an outdoor tea house, waterfall, city view deck, and orange, peach, and avocado trees. Completing the residence are a 3-car garage, video surveillance system, and an expansive master suite featuring a walk-in closet with organization system and master bathroom with dual sinks and oversized shower with multiple shower heads. Situated in a highly desirable central location close to shopping and award-winning schools, yet incredibly private with space to build a tennis court, this serene oasis is unlike any other.
One of the Classic Palos Verdes Estates Homes being offered for sale for the first time by the original owners. Originally purchased by the current owners because it was simply one of the best locations in Palos Verdes Estates and offered the most outstanding, unblockable views from almost every room in the house. 180 degree Ocean and Catalina views as well as views of the waves crashing down below on the bluffs. Outstanding architecture that has survived the test of time. Featured when new in Peninsula People Magazine this home is a wonderful entertaining home. Enter into the gated courtyard to the large pool and spa area with outdoor firepit and built in sofa area and bbq. Dramatic living and dining rooms with vaulted ceilings, upstairs family rooms and downstairs game/billiards room with built in soda fountain. Large kitchen with dining area and seating area. Huge master suite with his and her dressing rooms and spacious bath. Large laundry room and large storage room under the house that could make an excellent private wine cellar. This home has hosted over 250 people for dinner on the newly repainted private tennis court overlooking dramatic ocean views.
DISTINCT MEDITERRANEAN WITH A FRENCH FLAIR. Spend a lifetime appreciating the details in this immaculately designed home blending French Provencal old world charm and modern sophistication. Rebuilt from the studs in 2010, the home features 4 BDs incldg. the master suite, 3.5 BAs w/ approx. 3,107 SF. A dramatic entry hall leads to a formal living rm, dining, kitchen & a large family rm. Exquisitely private patio w/ a salt water pool+spa & lounge area. Create culinary masterpieces in the gourmet kitchen w/ large center island + bar, 8 burner Viking range, a Subzero, built-in microwave, granite counter tops & wood cabinets antique finished w/ crackle. The master suite has French doors that open to the pool + spa, a built in TV+a large master bath. Entertain in a separate courtyard dining/BBQ area off the inside formal dining area. 7-inch plank French oak floors and extensive use of limestone. Custom details include hand painted clay tiles featured in the entry flooring & kitchen backsplash, custom hand embroidered linen/wool drapes (combo of motorized /manual), Jandy controls for exterior lighting, Pella windows & doors, 3 antique reclaimed gas f/places, upholstered fabric & Venetian plaster, Crestron system w/ surround sound in the family rm, alarm system, Redland Spanish tile roof, 2 ACs & furnaces, 5 built in TVs + a built in water purifier. All of this set w/in an approx. 12,779 landscaped lot. Little details add up to an epic experience inside this memorable home.
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Why do we love living here and being owners of Palos Verdes Homes? I've been a resident of Palos Verdes since 1968 attending 6th grade, graduating from Palos Verdes High School, graduating from UCLA and then coming back to Palos Verdes Estates to begin my real estate career in 1980. Talking with thousands of people and many hundreds of clients has confirmed for me what I've always known about owning any of the many fine Palos Verdes homes. We appreciate our strong school district ranked in the top 100 of all districts in these United States, we love our clean ocean breeze swept air, we love our approximate 70+ miles of hiking and equestrian trails, we love our quiet, peaceful, safe cities and bedroom communities and we love the strong sense of neighborhood that exist in the many varied neighborhoods here in Palos Verdes. From Palos Verdes ocean view homes in Palos Verdes Estates to the ranchos in Rolling Hills, there really is something for everyone. And, as "boring" as we might be, we have some great restaurants, and entertainment centers too. I can't wait to talk with you more about our many different communities. Meanwhile feel welcome to explore this website and if you own one of the many Palos Verdes homes and want an estimate of Palos Verdes home values, you will see a tab here to engage a few widgets to check and balance. Use the contact blue buttons to get a hold of me today