After finishing the summer strong, Home for sale in Rancho Palos Verdes saw a significant dip in average sale price according to the data from September 2024. The average home sale price in Rancho Palos Verdes reached $1,751,000 (-$266K) with 33 sales (+4) lasting about 36 days (+1) on the market for September ’24. Sales price to list price fell from 98.6% in August to 97.5% in September. Read below for more details!
Prices for homes in Rancho Palos Verdes experienced a decrease this month. Home prices reached an average:
Rancho Palos Verdes’ rental market details can be seen below:
With the summer months behind us, the market tends to see a cool down at this time of the year. However, with the election looming and buyer demand growing, there should be some changes as we head towards the end of the year. Inventory has been growing in the market with homes taking slightly longer to sell these days, especially over the last couple of months.
Buyers in this market should be prepared to compete, especially if you’re a first-time home buyer. Keep in mind that although rising, inventory remains low for ALL of Los Angeles and much of the state. If buying real estate is one of your goals, we recommend buying when you can afford it. Housing is only getting more expensive year after year. Be ready to compete.
Sellers in this market should be doing everything they can to distinguish their homes from others on the market. Even though there is not as much competition, cutting corners when listing your home is never a good idea. Presentation and condition are extremely important, so preparing your home for sale and making sure it looks and functions as best as it can is of vital importance if you want a successful sale. Doing so may result in multiple offers on your property, which would significantly boost your leverage with buyers. Some homes are still selling fast, but buyers are pickier than they’ve been in the last 5 years. And yes, we can help with all of this, all included in our standard commission! Learn more by visiting our Concierge Real Estate Services page.
If you’re ready to start your real estate journey, contact us today!
Rancho Palos Verdes Realtor Broker Associate Karen Anderson, along with her Real Estate Team, The Prestige Team, has been selling residential real estate in the South Bay, including Rancho Palos Verdes, San Pedro, and far beyond LA County, for over 27 years and is ranked in the top 1% of realtors in Rancho Palos Verdes. We specialize in transforming homes into impeccably presented real estate listings that command top dollar in the shortest amount of time!
Learn more about us below!
The Residential Purchase Agreement is 10 pages of terms and conditions that stipulate every aspect of the purchase, and we know exactly how to use them to your complete advantage!
As experienced Full-Service Realtors, we know how to leverage you buying and bargain power. Whether competing to get your offer accepted or negotiating repairs, our goal is to get you a great deal!
The added benefit of working with The Prestige Team is that one of our Real Estate Professionals is always available to help. No missed opportunities!
Need help with decluttering? Whether you need a few boxes and an extra set of hands, have a house full of items that need to go, we have the resources in place ready to assist with your needs!
Schedule Management is crucial if you have a time frame in mind for the sale of your home. Let us use our experience to ensure every aspect of preparing your home for the market stays on schedule!
The added benefit of working with The Prestige Team is that one of our Real Estate Professionals is always available to help. No missed opportunities!
As we enter October, the temperatures are (Hopefully) falling and the days are getting shorter, bringing with them all the wonderful family-friendly October events we
The Rancho Palos Verdes real estate market in September 2026 showed strengthening conditions compared with August 2026. Single-family activity recorded 33 closed sales, with median
The San Pedro real estate market in September 2026 showed strengthening conditions compared with August 2026. Single-family activity recorded 17 closed sales, with median pricing