2023
PALOS VERDES MARKET INTELLIGENCE REPORT
...BROUGHT TO YOU BY
RE/MAX ESTATE PROPERTIES
DRE # 01879720
WE ARE THE COAST | RE/MAX ESTATE PROPERTIES | MALAGA COVE OFFICE 310.378.9494 | MARKETING@EPLAHOMES.COM
$4 BILLION
2022 DOLLAR VOLUME
500+
REAL ESTATE AGENTS
#1 SOUTH BAY
HELPING 3,800+ FAMILIES YEARLY
12 OFFICES
WE ARE THE COAST
2023 VERSUS LAST YEAR 160
4
124
$730,250
13.5
$526.34
77.50%
TOTAL INVENTORY
ACTIVE INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKE
MEDIAN PRICE PER SQFT
SALES RATIO
▼
▼
-43%
▼
-71%
▼
-19%
▲
-3.5%
▲
13%
▲
3.5%
41%
MEDIAN SALES PRICE - YEARLY TREND 2022
2023 $830,000
900000
$768,000
$745,000
800000
$900,000
$830,000
$789,000 $730,500
$744,000 $749,888
$725,000
700000 $691,250
$779,000
$794,000 $780,000
$752,000
$730,000
$760,000 $705,500 $640,000
$600,000
$646,000
$555,000
600000
$540,000
$565,000 January
February
March
April
May
June
July
August
September
October
November
December
TOTAL INVENTORY - YEARLY TREND 30
26
2022
20
14
13
15
15 13
12 8
10
20
19
18
17
2023
13
12
11 9
8
9 6
7
11 8
7
7 5
0
January
February
March
April
May
June
July
August
September
October
November
December
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 01.01.24
2023 VERSUS LAST YEAR 220
23
141
$2,602,500
12.8
$997.40
64.09%
TOTAL INVENTORY
ACTIVE INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKE
MEDIAN PRICE PER SQFT
SALES RATIO
▼
▲
-50%
▼
109%
▼
-13%
▲
-9.5%
▼
21%
▲
-1.0%
74%
MEDIAN SALES PRICE - YEARLY TREND 2022
2023
3,900,000
$3,760,000
$3,550,000 $3,600,000 $3,050,000
$3,000,000
$2,750,000
3000000
$2,430,000
$3,510,000
$3,470,000
$3,169,250 $2,650,000
$2,840,000 $2,556,000
$2,405,000
$2,800,000 $2,367,500
$2,649,000
$2,550,000
$2,230,000
$2,440,000
$2,200,000
$2,342,500
$2,100,000 January
February
March
April
May
June
July
August
September
October
November
December
TOTAL INVENTORY - YEARLY TREND 40
2022
2023
31 30
24
24
20
15
16
16
11 10
7
5
23
9
11
16
12
11
16
14
11
10
8
11
13 8
5
7
0
January
February
March
April
May
June
July
August
September
October
November
December
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 01.01.24
2023 VERSUS LAST YEAR 453
51
345
$1,670,000
12.5
$780.24
76.16%
TOTAL INVENTORY
ACTIVE INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKE
MEDIAN PRICE PER SQFT
SALES RATIO
▼
▲
-56%
▼
28%
▼
-22%
–
-4.6%
▼
0%
▲
-2.5%
78%
MEDIAN SALES PRICE - YEARLY TREND 2022
2023 $1,965,000 $1,870,000 $1,750,000
$1,750,000
$1,800,000
$1,850,000
$1,800,000 $1,815,000
$1,797,500
$1,760,000 $1,780,000 $1,650,000
$1,800,000 $1,670,000
$1,690,000 $1,584,625
$1,650,000
$1,530,000 1,595,000
$1,700,000
$1,604,000
$1,550,000 $1,485,000
January
February
March
April
May
June
$1,450,000 August
July
September
October
November
December
TOTAL INVENTORY - YEARLY TREND 80
70
2022 54
60
48
46 39
40
2023
33
33
43
42 37
33
36 31
26
31
29
25
22
20
33 28
24
26
29
21
20
0
January
February
March
April
May
June
July
August
September
October
November
December
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 01.01.24
2023 VERSUS LAST YEAR 33
6
22
$4,525,000
57.0
$1,057.06
66.67%
TOTAL INVENTORY
ACTIVE INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKE
MEDIAN PRICE PER SQFT
SALES RATIO
▼
▼
-62%
▲
-45%
▲
10%
▲
26.4%
▼
171%
▲
-3.7%
190%
MEDIAN SALES PRICE - YEARLY TREND 2022
2023
$12,480,000
8000000
$4,500,000
6000000
$4,030,000 $4,467,500
$3,640,000
$3,580,000
$3,700,000
4000000
$8,750,000
$7,400,000 $4,670,000
$6,395,000
$3,400,000
$3,130,000
$4,550,000
$3,500,000
$4,500,000
$3,350,000 $2,300,000
$3,240,000
2000000
1000000
January
February
March
April
May
June
July
August
September
October
November
December
TOTAL INVENTORY - YEARLY TREND
8 8
2022
2023
6 6
4 4
3
3
2
3 2
3
3
2
2
2
2
1 0
0
1
1
1
1
0
0
1
1
0
0
January
February
March
April
May
June
July
August
September
October
November
December
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 01.01.24
2023 VERSUS LAST YEAR 120
8
106
$1,595,000
13.3
$765.27
88.33%
TOTAL INVENTORY
ACTIVE INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKE
MEDIAN PRICE PER SQFT
SALES RATIO
▼
▼
-61%
▼
-20%
▼
-64%
▲
-9.6%
▼
33%
▼
-3.1%
-6%
MEDIAN SALES PRICE - YEARLY TREND 2022
2023
$6,300,000
6000000
4000000
$2,390,000
$2,330,000
$1,940,000
$1,900,000 $1,480,000 1,630,000
$1,380,000 $1,695,000
2000000
$1,500,000
$2,837,500 $1,850,000
$1,830,000
$1,957,500 $1,560,000
$1,350,000
$1,700,000
$1,937,500 $1,290,000
$1,430,000 $1,387,500
$1,260,000
$1,676,000 $1,515,000
1000000 800000
January
February
March
April
May
June
July
August
September
October
November
December
TOTAL INVENTORY - YEARLY TREND 50
2022
42
2023
40
32
20
31
31 27
26
30
16 12
15
27
24
21
13
10
8
7
10
21
20
16 7
7
10
8 3
6
0
January
February
March
April
May
June
July
August
September
October
November
December
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 01.01.24
2023 VERSUS LAST YEAR 600
68
420
$792,500
13.0
$545.52
70.00%
TOTAL INVENTORY
ACTIVE INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKE
MEDIAN PRICE PER SQFT
SALES RATIO
▼
▲
-41%
▼
15%
▼
-22%
▲
-1.4%
▲
24%
▲
1.7%
31%
MEDIAN SALES PRICE - YEARLY TREND 2022
2023 $930,000 $880,000
$880,000
900000
$872,500
$820,000 $770,000
800000
$857,396 $814,000
$815,000
$808,000
$800,000 $800,000
$785,000
$766,000 $765,000
$750,500
$710,000
$752,250
$722,500
$722,000
January
$825,000 $776,038
$817,500 $762,000
February
March
April
May
June
July
August
September
October
November
December
TOTAL INVENTORY - YEARLY TREND 100
87
2022 67
75
54
49 50
2023
40
39
53
50 38
37
41
46
40
42
38
34
32
26
38
34
29
39
35
37
23
25
0
January
February
March
April
May
June
July
August
September
October
November
December
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 01.01.24
2023 VERSUS LAST YEAR 124
14
80
$654,000
12.0
$511.41
64.52%
TOTAL INVENTORY
ACTIVE INVENTORY
TOTAL SALES
MEDIAN SALES PRICE
MEDIAN DAYS ON MARKE
MEDIAN PRICE PER SQFT
SALES RATIO
▼
–
-51%
▼
0%
▲
-32%
▼
3.8%
▼
-11%
▲
-0.4%
38%
MEDIAN SALES PRICE - YEARLY TREND 2022
700000
2023
$638,000
$772,000
$683,000
$664,000 $625,000
$757,450
$615,000
$600,000 600000
$649,000
$690,000 $635,000
$625,000 $658,000
$622,000
$650,000
$600,000
$645,000 $660,000
$710,000 $579,000
$605,000
$585,000 $516,000
$467,000 February
January
March
April
May
June
July
August
September
October
November
December
TOTAL INVENTORY - YEARLY TREND 25
2022
21
2023
20
16
16 13
15
11 10
9
8
7
9
9
7
9
7
7
8
7
9 7
8 6
7 5
5
5 3
5
0
January
February
March
April
May
June
July
August
September
October
November
December
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 01.01.24