RPV Real Estate Market Update – May 2025

🌄 Prices Rising. Homes Continue to Move!

The RPV market remains a strong performer in the South Bay, with prices climbing steadily and homes still moving swiftly—especially in the luxury segment. Here’s what the May 2025 data tells us:

📊 Market Overview

  • Average List Price: $1,970,765 (↑ 25.77% from April)
  • Average Sales Price: $1,901,677 (↑ 21.94% from April)
  • Average Days on Market: 33 (↓ 21.43% from April)
  • Price per SqFt: $790.44 (↑ 1.41% from April)
  • Sales-to-List Price Ratio: 98.3%

Buyers are still competing for quality homes, especially those priced right out of the gate. The drop in days on market confirms strong buyer demand despite rising prices.

🏘️ By Neighborhood

  • La Cresta: Highest median price at $4.13M (max sale: $5.6M)
  • PV Drive South: 9 total sales, $1.9M median
  • Crest Area: Fastest market at just 15 DOM and $1.3M median
  • Eastview/RPV: 10 sales, $1.49M median, just 18 DOM

🏢 By Property Type

TypeAvg. Sales PriceDOMSP/LP %
Single Family$2,076,6003398.4%
Condominium$1,285,0005395.3%
Townhome$1,065,6001799.8%

Townhomes are seeing the most competitive bidding, likely due to affordability compared to detached homes.

🏠 Rental Market Trends

  • 1-Bedroom: $1,500 (flat MoM, ↓ $250 YoY) – limited availability
  • 2-Bedroom: $7,000 in some areas (↑ $1,805 YoY)
  • 3-Bedroom: $5,500 (↑ $100 YoY)
  • 4+ Bedroom: $13,165 (↑ $2,733 YoY)

Luxury rentals, especially 4+ bedroom homes, are in demand—offering a potential opportunity for investors in high-end rental markets like La Cresta or PV Drive East.

💡 What This Means for You

  • Sellers: The market is still hot. Homes that are staged and priced correctly are moving quickly and near list price.
  • Buyers: Expect competition, especially under $2M. Be prepared to act fast in areas like Crest, Eastview, and Los Verdes.
  • Investors: Rising rents and quick sales suggest strong ROI potential for luxury rentals and renovated resale opportunities.

Have questions about the value of your home or timing a purchase in today’s shifting market? Let’s talk!

📞 Contact us to strategize your next move in RPV.

Who is The Prestige Team?

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!

For our Buyers:

Added Benefits When Working With Us

Contract Knowledge

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!

Expert Negotiators

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!

Team = Always Available

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!

On Every Listing:

Need Additional Assistance? We Specialize in that!

Decluttering & Emptying Properties

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

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!

Team = Always Available

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!

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