January 27th, 2020
Is there much of a market for Palos Verdes Homes under 1000000?
You can use this site as a “real time” reference for the Palos Verdes homes market in the under $1,000,000 price range. It will update automatically every time you come to it. The data feed is near live.
[spatialmatch_map id=76 show_title=true width=100% height=700]
While the above map is live as of the date you come to this site for Palos Verdes Homes Under 1000000, the below chart is of 3/19/2014 and shows the frequency of homes sold in the last 12 months under $1,000,000 on the Palos Verdes Peninsula. There were, according to CRMLS (our local multiple listing service) a total of 841 homes sold on the Palos Verdes Peninsula (including the “Eastview” section which has been annexed by Rancho Palos Verdes from San Pedro).
Of this group of 675, a total of 176 Palos Verdes Homes were sold for less than $1,000,000. If we eliminate the Eastview section, the number is reduced to 124. The Eastview section of the Palos Verdes Peninsula therefore comprises only 29.54% of the Palos Verdes homes sold under 1000000.
Frequency Distribution of Palos Verdes Homes Under 1000000
And since we know that Palos Verdes Homes under 1000000 are in the bottom quadrant of homes sold on the Palos Verdes Peninsula, what are the supply/demand trends for properties in this category? Or in other words, what is the “Market Action Index” for these Palos Verdes homes? For that we turn to the proprietary indicator supplied as part of my customer service for my clients, Altos Research, a 3rd party indpendent research firm. Here’s an example for Rancho Palos Verdes homes in the bottom quadrant of price
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Palos Verdes Homes Under 1000000 in the 90274 zip code
Palos Verdes Homes Under 1000000 in the 90275 zip code