Maureen Megowan Market Intelligence Reports Palos Verdes

Page 5

Rancho Palos Verdes DECEMBER STATS Key Facts:

$1,385,000 Median Sold Price

$1,389,000

Average Sold Price

53

2019

2020

Change

Median Price (in $1,000)

$1,115

$1,385

24%

Average Price Per Sq. Foot

$550

$639

16%

Properties for Sale

73

53 -27%

Properties Pending Sales

26

28 8%

Properties Sold

39

58 49%

Days on Market (Sold Homes)

56

23 -59%

Monthly Supply of Inventory

1.9

0.9 -53%

Absorption Rate (Closed Sales) 53.4

109.4 105%

Listings for Sale

28

Listings Pending

DECEMBER DECEMBER %

AVERAGE & MEDIAN PRICE $2,000 $3,500 $1,800

$1,389

$3,000 $1,600

58

Listings Sold

$1,385 $2,593

$1,400 $2,500 $1,200 $2,000 $1,000

23

Days On Market

$1,655

$800 $1,500 $600 $1,000 $400 $500 $200 $$-

Median

Average


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