Palos Verdes Estates appreciation rates and housing market information

Palos Verdes Estates housing market information

With a population of 13,340, 5,202 total housing units (homes and apartments), and a median house value of $1,874,945, Palos Verdes Estates house prices are not only among the most expensive in California, Palos Verdes Estates real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Palos Verdes Estates, accounting for 91.89% of the city's housing units. Other types of housing that are prevalent in Palos Verdes Estates include large apartment complexes or high rise apartments (6.50%), duplexes, homes converted to apartments, or other small apartment buildings (0.85%), and a few row houses and other attached homes (0.77%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Palos Verdes Estates. Owner-occupied housing accounts for 86.83% of Palos Verdes Estates's homes, and 69.80% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Palos Verdes Estates's housing was primarily built during this period, from the '40s through the '60s. A full 65.76% of the city's housing hails from this era. Other housing ages represented in Palos Verdes Estates include homes built between 1970-1994 (26.61%), and housing constructed from 1939 and earlier (5.61%). There's also some housing in Palos Verdes Estates built between 1995 and later (2.02%).

Palos Verdes Estates home appreciation rates

In the last 10 years, Palos Verdes Estates has experienced some of the highest home appreciation rates of any community in the nation. Palos Verdes Estates real estate appreciated 175.98% over the last ten years, which is an average annual home appreciation rate of 17.59%, putting Palos Verdes Estates in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Palos Verdes Estates definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Palos Verdes Estates appreciation rates have trailed the rest of the nation. In the last twelve months, Palos Verdes Estates's appreciation rate has been -10.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Palos Verdes Estates were at 0.38%, which equates to an annual appreciation rate of 1.52%.

Relative to California, our data show that Palos Verdes Estates's latest annual appreciation rate is higher than 75% of the other cities and towns in California.