PV 2020 Market Reports

Sale of Single Family Residences in March 2020

Sale of Single Family Residences in Palos Verdes

Scroll down to see the rest of Palos Verdes Market Reports for February 2020!

RE/MAX Estate Properties tracks key data points in significant cities and areas throughout the Palos Verdes Cities.
 
Below is the market intelligence glossary. 
 
MEDIAN PRICE:
Median Price is the price of the property that falls in the middle of the total number of properties Sold in any given month.
 
AVERAGE PRICE PER SQUARE FOOT:
Found by taking the price of each property and dividing that by its square footage, then finding the average of all properties Sold.
 
PROPERTIES FOR SALE:
The number of properties that are for sale on the market.
 
PROPERTIES UNDER CONTRACT:
The number of properties with an accepted offer however they have not closed.
 
PROPERTIES SOLD:
The number of properties that SOLD and transferred ownership.
 
DAYS ON MARKET (CLOSED SALES):
The average number of days that properties were on ACTIVE on market.
 
MONTHS SUPPLY OF INVENTORY:
This is calculated by dividing the total number of homes for sale in a particular month by the number of homes that sold in that month.
 
PROPERTIES PENDING SALE:
The number of properties placed in escrow during any given month.
 
ABSORPTION RATE (CLOSED SALES):
This is the rate at which properties sell. It is the number of properties sold divided by the total number of properties for sale.
 
REPORT NOTES:
Reports published in November 2019 are based on data available at the end of October 2019. All reports presented are based on data supplied by the CRMLS or TheMLS and Trendgraphix. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Information deemed reliable but not guaranteed.

February 2020 Market Statistics (Scroll Down)

Palos Verdes Estates February Market Stats

Rancho Palos Verdes February Market Stats

Rolling Hills February Market Stats

Rolling Hills Estate February Market Stats