November 2026 Palos Verdes Real Estate Market Update: Inventory Tightens as Prices Rise 6.3%
About 153 homes for sale, down 6.1% from last year
Let's go over housing trends for both buyers and sellers in the Palos Verdes area.
The first thing I'm looking at is active inventory. Right now there are about 153 homes for sale, down 6.1% from the same month last year.
Inventory is tightening a little, and that's limiting choices for buyers right now.
54 homes pending
With that being said, there are about 54 homes pending sale, and that number is up. Buyers are out there, and they're making moves.
Days on market: 41 days
The average home in Palos Verdes is spending about 41 days on the market.
Average sales price: about $2,497,000, up 6.3%
The average sales price has increased to about $2,497,000, up 6.3% year over year.
That's just within the past year, and we could potentially see it increase more as we head into the new year.
More buyers are coming to the South Bay
The market is changing because we have a lot more competition coming in, including buyers connected to SpaceX. More buyers are looking in the Palos Verdes area and looking to scoop up a property.
I've seen the market change firsthand. One property I know of had a hard time selling for over a year, maybe a year and a half. It recently relisted and sold within a day, before it even hit the open houses.
We're seeing money come into the South Bay, or as Ed calls it, the Rocket Bay. Buyers are picking up the really nice properties, even ones that sat before and didn't sell.
What this means for buyers and sellers
Buyers, stay pre-approved and keep your finances up to date so you have a competitive edge. Watch the market closely and be ready to take action.
Sellers, with inventory drying up, this is a good time to take another look at the market. Consider listing to see what kind of offers you can generate in the near future.
Questions about these numbers?
Thank you for taking the time to view these market stats with me. If you have any questions about these numbers and how they affect you as a buyer or a seller, please feel free to reach out, and we'll be sure to take care of you.
Jerry Morales
Kaminsky Real Estate Group · eXp Luxury
310.798.1277 · itzsold.com