DECEMBER 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
MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER
2023
$730,500
$760,000 TOTAL INVENTORY
$752,000
$730,000
$780,000
$760,000 $705,500
$691,250
MEDIAN SALES PRICE
36.94%
$725,000
$749,888
$646,000
$555,000
$565,000 $540,000
22
4.76%
INVENTORY SNAPSHOT
11/22
12/22
1/23
9
2/23
3/23
4/23
5/23
6/23
7/23
9/23
10/23
11/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
11
Total Inventory
Total Sold
37.5% 39
MEDIAN DAYS ON MARKET
33
15
-57.14%
8/23
29 21
26
39
39 29
28
27
29
22
23
MEDIAN PRICE PER SQFT
$460.30 -7.76%
14 8 11/22
5 12/22
8
8
9
1/23
2/23
3/23
9 4/23
5/23
13 6/23
11 7/23
15
12
11
10/23
11/23
7 8/23
9/23
SALES RATIO
50.00% 31.58%
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: 12/1/2023
MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER
2023
$3,900,000 $3,600,000 $3,169,250
MEDIAN SALES PRICE
$3,169,250 44.06%
$2,840,000 $2,649,000 $2,550,000 $2,440,000
$2,556,000 $2,405,000
$2,367,500 $2,200,000
$2,342,500
$2,100,000
TOTAL INVENTORY
56
107.41%
INVENTORY SNAPSHOT
11/22
12/22
1/23
37
2/23
3/23
4/23
5/23
13
Total Inventory
18.18%
9/23
10/23
11/23
Total Sold
63
43
54
-34.85%
1.92%
8/23
64
MEDIAN DAYS ON MARKET
$970.27
7/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
MEDIAN PRICE PER SQFT
6/23
35 27 20 11 11/22
8 12/22
23
71
58
56
38
27 23 15
5 1/23
66
5 2/23
3/23
9
11
4/23
5/23
6/23
12
11
7/23
8/23
14
16
9/23
10/23
13 11/23
SALES RATIO
23.21% -59.98%
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: 12/1/2023
MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER
2023
$1,965,000
$1,604,000
$1,815,000
$1,797,500
MEDIAN SALES PRICE
$1,700,000
$1,650,000
$1,584,625$1,595,000
-5.65%
$1,780,000$1,800,000
$1,485,000
TOTAL INVENTORY
$1,450,000
98
24.05%
INVENTORY SNAPSHOT
11/22
12/22
1/23
57
$1,604,000
$1,550,000
2/23
3/23
4/23
5/23
6/23
7/23
8/23
9/23
10/23
11/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
28
Total Inventory
Total Sold
33.33%
MEDIAN DAYS ON MARKET
13.5
3.85%
92 79
76
21
26
11/22
12/22
77
78
83
110 90
81
102
87
95
29
25
24
7/23
8/23
9/23
98
MEDIAN PRICE PER SQFT
$760.69 0.35%
20 1/23
26 2/23
33 3/23
39
37
22 4/23
5/23
6/23
33
28
10/23
11/23
SALES RATIO
28.57% -4.76%
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: 12/1/2023
MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER
$12,480,000
2023
$8,750,000 $7,400,000 $6,395,000
MEDIAN SALES PRICE
$8,750,000 150%
TOTAL INVENTORY
INVENTORY SNAPSHOT
$3,700,000
$3,500,000
10
-9.09%
$4,550,000$4,500,000
$4,467,500
$3,240,000
$2,300,000 11/22
12/22
1/23
8
2/23
3/23
4/23
5/23
6/23
7/23
8/23
9/23
10/23
11/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
1
Total Inventory
Total Sold
0
MEDIAN DAYS ON MARKET
152
623.81% 16
MEDIAN PRICE PER SQFT
$1,057.91 14.87%
11 1 11/22
13
12
1 12/22
7
7
0 1/23
0 2/23
14
13 8
1 3/23
3 4/23
2 5/23
3 6/23
1 7/23
9 2 8/23
10 4 9/23
9
10
3 10/23
1 11/23
SALES RATIO
10.00% -80.00%
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: 12/1/2023
MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER
2023
$6,300,000
MEDIAN SALES PRICE
$6,300,000
$2,837,500
270.59%
TOTAL INVENTORY
19
-36.67%
INVENTORY SNAPSHOT
$1,957,500 $1,700,000$1,676,000$1,630,000 $1,695,000 $1,560,000 $1,500,000 $1,387,500 $1,350,000 $1,260,000 11/22
12/22
1/23
12
3/23
4/23
5/23
6/23
7/23
8/23
9/23
10/23
11/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
3
2/23
$1,937,500
Total Inventory
Total Sold
-85.71%
MEDIAN DAYS ON MARKET
52
30
271.43%
MEDIAN PRICE PER SQFT
$1,118.21 51.93%
27
16 17 21
12/22
26
23
24
24
23
25
25 19
20 12
11/22
19
1/23
15
13 7
2/23
3/23
4/23
8
10
5/23
6/23
7
7
7/23
8/23
10
8
9/23
10/23
3 11/23
SALES RATIO
15.79% -64.91%
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: 12/1/2023
MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER
2023
$930,000 MEDIAN SALES PRICE
$880,000
$752,250 -14.52%
$872,500
INVENTORY SNAPSHOT
$765,000
$750,500
11/22
12/22
1/23
88
2/23
$752,250
$722,500
$722,000
127
$817,500
$800,000
$785,000
$776,038
TOTAL INVENTORY
47.67%
$857,396
3/23
4/23
5/23
6/23
7/23
8/23
9/23
10/23
11/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
23
Total Inventory
Total Sold
-34.29%
MEDIAN DAYS ON MARKET
14
-6.67%
109
122
121
117
109
105
101
37
38
40
38
32
3/23
4/23
5/23
6/23
7/23
114
120
132
129
127
86
MEDIAN PRICE PER SQFT
$551.47 -5.08%
35
39
11/22
12/22
26 1/23
40 2/23
42 8/23
38 9/23
29
23
10/23
11/23
SALES RATIO
18.11% -55.83%
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: 12/1/2023
MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER
2023
MEDIAN SALES PRICE
$772,000
$660,000
$690,000
$658,000
$645,000 $579,000
$615,000
$600,000
$757,450 $660,000
$650,000 $605,000
$585,000
2.33%
$467,000
TOTAL INVENTORY
26
-3.7%
INVENTORY SNAPSHOT
11/22
12/22
1/23
17
3/23
4/23
5/23
6/23
7/23
8/23
9/23
10/23
11/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
5
2/23
Total Inventory
Total Sold
-54.55%
MEDIAN DAYS ON MARKET
11
27
-26.67%
26 23
22
22
22 17
MEDIAN PRICE PER SQFT
$654.11 29.27%
11 5 11/22
12/22
7 1/23
9
9
2/23
3/23
20
22 18
22
26
16
7
7
7
8
7
6
5
5
4/23
5/23
6/23
7/23
8/23
9/23
10/23
11/23
SALES RATIO
19.23% -53.1%
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: 12/1/2023