Palos Verdes Estates, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Palos Verdes Estates, CA Housing Market Trends

With 13,273 people, 4,909 houses or apartments, and a median cost of homes of $2,028,631, 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.

Palos Verdes Estates is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Palos Verdes Estates than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Palos Verdes Estates. Owner-occupied housing accounts for 86.01% of Palos Verdes Estates's homes, and 71.99% 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 60.41% of the city's housing hails from this era. Other housing ages represented in Palos Verdes Estates include homes built between 1970-1999 ( 30.11%) and housing constructed before 1939 ( 5.47%). There's also some housing in Palos Verdes Estates built between 2000 and later ( 4.00%).

Vacant housing appears to be an issue in Palos Verdes Estates. Fully 10.73% of the housing stock is classified as vacant. Left unchecked, vacant Palos Verdes Estates homes and apartments can be a drag on the real estate market, holding Palos Verdes Estates real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

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 53.72% over the last ten years, which is an average annual home appreciation rate of 4.39%, putting Palos Verdes Estates in the top 20% 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 4.87%, 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 1.49%, which equates to an annual appreciation rate of 6.10%.

Notably, Palos Verdes Estates's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Palos Verdes Estates's latest annual appreciation rate is lower than 60% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$2,028,631

Palos Verdes Estates, CA HOME PRICES

> $1,086,000
86.6%
86.6%
$815,001 - $1,086,000
7.0%
7.0%
$543,001 - $815,000
4.1%
4.1%
$434,001 - $543,000
0.4%
0.4%
$326,001 - $434,000
0.0%
0.0%
$217,001 - $326,000
0.2%
0.2%
$109,001 - $217,000
0.9%
0.9%
$54,001 - $109,000
0.0%
0.0%
$0 - $54,000
0.9%
0.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CA

Value Relative To Nation

Number Of Homes And Apartments:
4,909

Palos Verdes Estates Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
144.66% 4.35%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,290 / per month

Homeownership Rate

Owners
86.0%
86.0%
Renters
14.0%
14.0%
Vacant
10.7%
10.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.0%
4.0%
1970 - 1999
30.1%
30.1%
1940 - 1969
60.4%
60.4%
1939 or Older
5.5%
5.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
93.2%
93.2%
Townhomes
0.6%
0.6%
Small Apt. Buildings
0.5%
0.5%
Apt. Complexes
5.7%
5.7%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
1.9%
1.9%
2 Bedrooms
9.6%
9.6%
3 Bedrooms
32.0%
32.0%
4 Bedrooms
40.0%
40.0%
5 or more bedrooms
16.4%
16.4%
0.0% 100.0%
% OF HOMES