The Quick Intel: The Palos Verdes Peninsula market eased this week. For the week of June 17-23, 2026, the Peninsula recorded 16 new listings, 3 homes moving into escrow, and 8 closed sales totaling roughly $17.0 million. That is a clear step down from the prior week, which saw 25 new listings, 5 pendings, and 11 closings worth about $27.3 million. Inventory is still coming, and quality homes are still trading, but the pace cooled into the start of summer. The headline of the week: a $14,500,000 oceanfront listing on Paseo Del Mar in Palos Verdes Estates.
The Pulse: A Quieter Week After a Busy Stretch
After an unusually active first half of June, the Palos Verdes Peninsula took a breath. Sixteen new listings hit the market across Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills Estates, and Rolling Hills, down from 25 the week before. Pending sales slowed to just 3, and 8 homes closed escrow versus 11 a week earlier.
In my 30 years covering this market, I read weeks like this as seasonal rather than structural. Early summer often brings a brief lull as families travel and sellers time their launches around the calendar. The fundamentals here have not changed: well-priced homes in the right pockets are still drawing buyers, and the top of the market remains very much alive.
Price strength is still evident in what is selling. The eight closings ranged from $909,900 for a Rolling Hills Estates condominium to $3,560,850 for a renovated Palos Verdes Estates home, with a median closed price near $1.95 million. Closed price per square foot ran from about $625 to roughly $1,017, a reminder that location, view, and condition still dictate value down to the dollar on the Peninsula.
What Slower Pendings Mean for Buyers and Sellers
Three pending sales is a light week, and it tells buyers something useful: there is room to act with less competition than the spring frenzy. The homes that did go under contract spanned the market, from a $1,699,000 Rancho Palos Verdes home on Abbottswood to a $4,295,000 Palos Verdes Estates property on Via Almar.
For sellers, the message is precision. With volume softer, pricing correctly out of the gate and presenting a home properly matter more than ever. The trophy segment proves buyers are still here and still spending, but they are selective.
Featured House of the Week
612 Paseo Del Mar, Palos Verdes Estates: $14,500,000
6 bedrooms | approx. 8,869 square feet | built 2002 | listed 6/17/2026
This is the standout of the week and the most expensive home to hit the Peninsula market in this period. Sited on Paseo Del Mar, the premier oceanfront stretch of Palos Verdes Estates, the property is priced at roughly $1,635 per square foot. Homes on this street rarely come available, and a listing at this level resets the conversation about what the very top of the Peninsula market looks like in 2026.
The Numbers at a Glance
Market Metric | Current Week (June 17-23, 2026) | Market Trend |
|---|---|---|
New Listings | 16 | 🟡 Cooling |
Pending Sales | 3 | 🔴 Slow |
Closed Sales | 8 | 🟡 Holding |
Total Volume | $17.0M | 🟡 Softer |
This week's price range ran wide. The highest-priced home was the new listing at 612 Paseo Del Mar in Palos Verdes Estates at $14,500,000. The lowest was a new one-bedroom condominium at 927 Deep Valley Drive #206 in Rolling Hills Estates at $709,900. That is a high-to-low spread of roughly $13.79 million across the week's activity, which captures just how broad the Peninsula market really is, from entry-level Peninsula condos to oceanfront estates.
Frequently Asked Questions
Is the Palos Verdes housing market slowing down in summer 2026?
Yes, this particular week slowed compared to the one before it. The week of June 17-23 produced 16 new listings, 3 pendings, and 8 closings for about $17.0 million, down from 25 new listings, 5 pendings, and 11 closings worth $27.3 million the prior week. One quiet week is typically seasonal, not a trend. The high end stayed strong, anchored by a $14.5 million Palos Verdes Estates listing.
What is the most expensive home for sale on the Palos Verdes Peninsula right now?
As of the week ending June 23, 2026, the highest-priced new listing is 612 Paseo Del Mar in Palos Verdes Estates at $14,500,000. It offers roughly 8,869 square feet, six bedrooms, and an oceanfront position on one of the most coveted streets in the South Bay.
What did homes actually sell for on the Peninsula this week?
Eight homes closed between June 17 and 23, 2026, ranging from $909,900 for a Rolling Hills Estates condominium to $3,560,850 for a Palos Verdes Estates home, with a median sale price near $1.95 million. Closed price per square foot ran from about $625 to roughly $1,017.
Is now a good time to buy on the Palos Verdes Peninsula?
Yes. With pending sales light this week, buyers face less competition than during the spring peak, which can mean more negotiating room. The right move depends on your timeline and the specific neighborhood, since pricing varies dramatically across the Peninsula. That is exactly the kind of read I provide before you make an offer.
Thinking About Making a Move?
Whether you are weighing a sale, watching for the right buy, or just want a straight read on where your specific pocket of the Peninsula stands, I track this market street by street, every week. Reach out for a private, no-pressure conversation or a current valuation of your home at michaelmajid.com. You can learn more about my background and track record on the Peninsula on my about page.
Before you Buy or Sell, Get the Intel.