Wayne Craig - Estate Properties

𝗣𝗮𝗹𝗼𝘀 𝗩𝗲𝗿𝗱𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟱

📊 Regional Takeaway
• 🏠 Prices: Mostly stable to modestly lower across the Peninsula.
• 📈 Inventory: Rising in nearly every city, leading to increased buyer leverage.
• ⏳ Days on Market: Up 20–70% in most areas, signaling a slower pace.
• 💵 Sales Volume: Lower overall, particularly in luxury neighborhoods above $2M.

Overall, Palos Verdes markets are entering a balanced phase — still supported by strong fundamentals but cooling after several years of rapid growth. Buyers now enjoy more negotiating room, while sellers must price strategically.
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Palos Verdes Estates
• Median Price: $2,950,000 ⬇️ 0.9%
• Days on Market: 26 ⬇️ 3.7%
• Inventory: 65 listings ⬆️ 12%
• Closed Sales: 13
➡️ High-end market cooling slightly; steady buyer interest but longer negotiations.
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Rancho Palos Verdes
• Median Price: $1,725,000 ⬇️ 12.2%
• Days on Market: 16 ⬇️ 39%
• Inventory: 199 listings ⬆️ 22.8%
• Closed Sales: 36
➡️ Noticeable pricing correction after strong spring activity; listings trending up.
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Rolling Hills
• Median Price: $5,500,000 ⬆️ 9.0%
• Days on Market: 9 ⬇️ 95%
• Inventory: 16 ⬆️ 14%
• Closed Sales: 1
➡️ Ultra-luxury market remains niche; limited but high-value sales.
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Rolling Hills Estates
• Median Price: $1,470,000 ⬇️ 36.1%
• Days on Market: 20.5 ⬆️ 173%
• Inventory: 48 listings ⬆️ 55%
• Closed Sales: 6
➡️ Significant short-term correction; homes taking longer to sell amid growing supply.

𝗜𝗳 𝘆𝗼𝘂 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁, 𝗵𝗮𝘃𝗲 𝗮 𝗳r𝗶𝗲𝗻𝗱 𝗼𝗿 𝗿𝗲𝗹𝗮𝘁𝗶𝘃𝗲 𝗹𝗼𝗼𝗸𝗶𝗻𝗴 𝘁𝗼 𝗺𝗼𝘃𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗦𝗼𝘂𝘁𝗵 𝗕𝗮𝘆, 𝗼𝗿 𝗷𝘂𝘀𝘁 𝘄𝗼𝗻𝗱𝗲𝗿𝗶𝗻𝗴 𝘄𝗵𝗮𝘁 𝘆𝗼𝘂𝗿 𝗵𝗼𝗺𝗲 𝗺𝗶𝗴𝗵𝘁 𝗯𝗲 𝘄𝗼𝗿𝘁𝗵 𝗽𝗹𝗲𝗮𝘀𝗲 𝗴𝗶𝘃𝗲 𝗺𝗲 𝗮 𝗰𝗮𝗹𝗹.