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Most Expensive Palos Verdes Estates Homes

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.

Real Estate Market Chart by Altos Research www.altosresearch.com

Real Estate Market Chart by Altos Research www.altosresearch.com

Real Estate Market Chart by Altos Research www.altosresearch.com

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

Listing types.

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  • Property listings 1 - 20 of 26
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$9,888,000 - 5Br/8Ba -  for Sale in Palos Verdes Estates
$9,888,000
New
MLS# PV21016533

941 Via Nogales
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active
5 Beds
8 Baths
7,434 Sqft
$6,595,000 - 5Br/7Ba -  for Sale in Palos Verdes Estates
$6,595,000
MLS# SB20099123

1409 Via Arco
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active
5 Beds
7 Baths
6,258 Sqft
$5,499,900 - 5Br/6Ba -  for Sale in Palos Verdes Estates
$5,499,900
MLS# PV20243206

376 Via Almar
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active
5 Beds
6 Baths
3,985 Sqft
$5,150,000 - 5Br/6Ba -  for Sale in Palos Verdes Estates
$5,150,000
MLS# PV20137562

952 Paseo La Cresta
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active
5 Beds
6 Baths
5,966 Sqft
$4,999,999 - 4Br/4Ba -  for Sale in Palos Verdes Estates
$4,999,999
MLS# SB20264782

981 Paseo La Cresta
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active
4 Beds
4 Baths
3,890 Sqft
$4,900,000 - 3Br/4Ba -  for Sale in Palos Verdes Estates
$4,900,000
MLS# PV20232679

2833 Via Segovia
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active
3 Beds
4 Baths
4,242 Sqft
$4,699,000 - 5Br/7Ba -  for Sale in Palos Verdes Estates
$4,699,000
MLS# SB21009685

2240 Via La Brea
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active
5 Beds
7 Baths
5,084 Sqft
$4,655,000 - 5Br/7Ba -  for Sale in Palos Verdes Estates
$4,655,000
MLS# PV19098211

1703 Paseo La Cresta
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active
5 Beds
7 Baths
6,645 Sqft
$4,590,000 - 4Br/5Ba -  for Sale in Palos Verdes Estates
$4,590,000
MLS# SB20261376

725 Via Del Monte
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active
4 Beds
5 Baths
3,800 Sqft
$4,500,000 - 5Br/7Ba -  for Sale in Palos Verdes Estates
$4,500,000
MLS# SR21006167

2228 Via La Brea
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active
5 Beds
7 Baths
5,515 Sqft
$4,495,000 - 4Br/5Ba -  for Sale in Palos Verdes Estates
$4,495,000
MLS# SB20246844

841 Via Somonte
Palos Verdes Estates, CA 90278

Property Type: Single Family Residence
Active
4 Beds
5 Baths
5,007 Sqft
$3,995,000 - 4Br/4Ba -  for Sale in Palos Verdes Estates
$3,995,000
New
MLS# PV20255980

2704 Via Elevado
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active
4 Beds
4 Baths
3,478 Sqft
$3,975,000 - 4Br/6Ba -  for Sale in Palos Verdes Estates
$3,975,000
MLS# WS19224697

1744 Paseo Del Mar
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active
4 Beds
6 Baths
4,526 Sqft
$3,898,000 - 4Br/4Ba -  for Sale in Palos Verdes Estates
$3,898,000
New
MLS# PV21012177

532 Via Almar
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active
4 Beds
4 Baths
3,528 Sqft
$3,400,000 - 4Br/5Ba -  for Sale in Palos Verdes Estates
$3,400,000
New
MLS# SB20262944

1608 Via Lazo
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active
4 Beds
5 Baths
3,371 Sqft
$3,399,000 - 5Br/6Ba -  for Sale in Palos Verdes Estates
$3,399,000
MLS# SB20255627

112 Via Las Vegas
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active Under Contract
5 Beds
6 Baths
3,800 Sqft
$2,899,900 - 4Br/4Ba -  for Sale in Palos Verdes Estates
$2,899,900
New
MLS# CV21018199

921 Via Del Monte
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active
4 Beds
4 Baths
3,965 Sqft
$2,895,000 - 3Br/3Ba -  for Sale in Palos Verdes Estates
$2,895,000
MLS# SB20074372

937 Via Del Monte
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active Under Contract
3 Beds
3 Baths
3,476 Sqft
$2,875,000 - 5Br/4Ba -  for Sale in Palos Verdes Estates
$2,875,000
MLS# SB20250190

4405 Via Azalea
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active Under Contract
5 Beds
4 Baths
4,546 Sqft
$2,799,000 - 4Br/4Ba -  for Sale in Palos Verdes Estates
$2,799,000
New
MLS# PV21011514

3224 Via La Selva
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
Active
4 Beds
4 Baths
2,892 Sqft
  • Property listings 1 - 20 of 26
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What’s My Home Worth?

Use this highly interactive tool to estimate what a buyer in today’s market might pay for your home (control which competitive sales are used, direct the program as to the condition and view quality of your home, and pick how strong the market is around your home, all using an easy sliding scale)  If you don’t have a private access key code for your specific home, send me an email and I will generate one for you.

 

 

 

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© 2021 Call Realty Best Palos Verdes Homes. All Rights Reserved. Real Estate Website Design by Home Junction, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of January 28, 2021 12:39PM and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing Information © 2021 California Regional MLS. All Rights Reserved.

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